Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.4 Billion | USD 12.3 Billion | 12.31% | 2022 |
According to the report published by Zion Market Research, the global Dark Fiber Network market size was valued at USD 5.4 billion in 2022 and is predicted to reach USD 12.3 billion by the end of 2030. The market is expected to grow with a CAGR of 12.31% during the forecast period.
The report analyzes the global Dark Fiber Network market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Dark Fiber Network industry.
Dark fiber, renowned as black fiber or unit fiber is an unused optical fiber that is in the ground. Cables are frequently laid with significant additional capacity in order to lease to the organizations in the future as huge investment is required to dig fiber optic network routes. The dark fiber network is beneficial for businesses and organizations that need an end to end control of their network infrastructure and has specific network needs.
The global dark fiber network market is growing at an exponential rate. An increase in trends of the Internet of Things, edge computing, and cloud computing has led to snowballing enterprise connectivity needs. This is the key factor that is augmenting the growth of the global market. Further, the rise in internet services penetration and high dependency of majority of the companies on internet connectivity is also among the key factors that are fueling the growth of the market. Additionally, a wide range of benefits is offered by the dark fiber network which includes scalability, network latency, flexibility, security, reliability, and redundancy. Thus, it is ideal for financial services companies that require unlimited bandwidth and large organizations that require advanced networking.
In addition to this, dark fiber networking can benefit several organizations and businesses such as telecommunication companies, internet providers, college campuses, government institutions, e-commerce and retail operations, logistical companies, and many more. This is fostering the growth of the global dark fiber network market. Moreover, the growing necessity to expand the available bandwidth for increase in dependency on internet connectivity to carry out daily operations and tasks is also equally contributing to the growth of the market. Furthermore, the emergence of 5G network may result in numerous opportunities for the growth of the global dark fiber network market over the forecast period. However, upfront investment and additional cost required for maintenance & repair of the dark fiber network may hamper the growth of the global dark fiber network market.
The global dark fiber network market is been moderately affected by the Covid-19 pandemic. In the first half of the year 2020, strict lockdown and restriction on movement across the countries in the world led to disruption of the value chain of dark fiber network. This led to the decline in the deployment of dark fiber. However, during the second half of 2020, the demand for dark fiber networks increased owing to a boost in the dependency of IT as well as financial sectors on internet connectivity to perform daily routine tasks. Thus, the market is expected to grow at a healthy rate during the forecast period.
The global dark fiber network market is bifurcated based on type, material, network type, end-user, and region. The type segment is split into multimode fiber and single mode fiber. The material segment contains plastic and glass. Long haul and metro are the network types of the global dark fiber network market. The end-user segment is categorized based on Internet Service Providers (ISPs) and telecommunication, railway, healthcare, oil & gas, military & aerospace, IT enabled services, BFSI, and others.
Report Attributes | Report Details |
---|---|
Report Name | Dark Fiber Network Market Research Report |
Market Size in 2022 | USD 5.4 Billion |
Market Forecast in 2030 | USD 12.3 Billion |
Growth Rate | CAGR of 12.31% |
Number of Pages | 185 |
Key Companies Covered | AT&T Intellectual Property, CenturyLink, Inc., GTT Communications, Inc., Consolidated Communications , Comcast Corporation , Colt Technology Services Group Limited, Zayo Group, LLC , Windstream Communications , Verizon Communications, Inc, NTT Communications Corporation , others |
Segments Covered | By Type, By Material, By Network Type, By End-User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regionally, North America is estimated to dominate the global dark fiber network market and continue to retain its dominancy during the forecast period. Growing adoption of IoT & cloud computing, the presence of well-established network infrastructure, and the presence of major key players are primarily fueling the growth of the market in this region. Asia Pacific is anticipated to grow rapidly with growing investment in infrastructure development, increase in demand for dark fiber networks from BFSI & internet service providers, and rise in installation of multimode fiber.
By Type
By Material
By Network type
By End-user
By Region
What Reports Provides
FrequentlyAsked Questions
An increase in trends of the Internet of Things, edge computing, and cloud computing has led to snowballing enterprise connectivity needs. This is the key factor that is augmenting the growth of the global market. Further, the rise in internet services penetration and high dependency of majority of the companies on internet connectivity is also among the key factors that are fueling the growth of the market. Furthermore, the emergence of 5G network may result in numerous opportunities for the growth of the global dark fiber network market over the forecast period.
Some of the key manufacturers that are operating in the global dark fiber network market are AT&T Intellectual Property, CenturyLink, Inc., GTT Communications, Inc., Consolidated Communications, Comcast Corporation, Colt Technology Services Group Limited, Zayo Group, LLC, Windstream Communications, Verizon Communications, Inc, and NTT Communications Corporation, among others.
Regionally, North America is estimated to dominate the global dark fiber network market and continue to retain its dominancy during the forecast period. Growing adoption of IoT & cloud computing, the presence of well-established network infrastructure, and the presence of major key players are primarily fueling the growth of the market in this region.
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