With the emergence and long-term Impact of COVID-19, Global Fiber To The Home (FTTH) Market to reach USD 113.18 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Fiber To The Home (FTTH) Market is poised to raise up to USD 113.18 Billion by 2030. Fiber To The Home (FTTH) is a type of broadband internet connection technology that uses optical fiber cables to deliver high-speed internet access directly to individual residences or buildings. In an FTTH setup, optical fibers transmit data from the service provider’s central facility or data center directly to the customer’s home or business. The Fiber To The Home (FTTH) market is expanding because of factors such as rising proliferation of IoT devices, rising penetration of smart home devices and rise in governmental initiatives for smart urban projects.
The rising development of smart homes and rising consumer spending on smart home related devices is driving the market growth. In addition, 5G and Mobile Network Expansion, Government Initiatives and Funding for FTTH deployment are creating new opportunities to the market growth. However, high infrastructure costs stifle market growth throughout the forecast period of 2023-2030.
Geographically, the global Fiber To The Home (FTTH) market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to factors such as rising adoption of internet based devices, rising smart home penetration, rising adoption of mobile networks and 5G infrastructure in the region. Whereas, Asia Pacific is further projected to grow at the fastest growth rate owing to factors such as rising urban population, rising number of government programs for adoption of FTTH connections, rising demand for high speed networks and rising number of internet users in the region.
The global Fiber To The Home (FTTH) market is highly competitive owing to the presence of several key market players such as America Movil, Deutsche Telecom AG, AT & T Inc., China mobile limited, Vodafone group plc, Softbank group corporation, and others.
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Key findings of the study suggest:
- Global Fiber To The Home (FTTH) Market is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2023-2030.
- In the Product segment, More than 1 Gbps emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to rising adoption of internet-based devices, rising smart home penetration, and rising adoption of mobile networks and 5G infrastructure in the region.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Product:
- Less than 50 Mbps
- 50 to 100 Mbps
- 100 Mbps to 1 Gbps
- More than 1 Gbps
Service Provider:
- Low Telecom Operators
- Internet Service Providers
- Cable Operators
- Other Broadband service providers
Application:
- Internet TV
- VoIP
- Interactive Gaming
- Smart Home Application
- Virtual Private LAN Service
- Remote Education
- VPN on Broadband
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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