Empowering the Digital Age: Dark Fiber Network Market Size is Projected to Reach USD 12.3 Billion by 2030 Growing at a CAGR of 12.31%, A Comprehensive Report by Zion Market Research
The global dark fiber network market size is expected to reach a value of USD 12.3 billion by 2030, at a CAGR of 12.31% during the forecast period (2023- 2030), as highlighted in a report published by Zion Market Research. 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.
NEW YORK, United States, July 20, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Dark Fiber Network Market – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. According to the latest research study, the global dark fiber network market size was worth at around USD 5.4 billion in 2022. The market is expected to grow above a CAGR of 12.31% and is anticipated to reach over USD 12.3 billion by 2030.
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Dark Fiber Network Market Overview:
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.
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Key Insights from Primary Research
- As per the analysis, the Dark Fiber Network market share is likely to grow above a CAGR of around 12.31% between 2023 and 2030.
- The Dark Fiber Network market size was worth around USD 5.4 billion in 2022 and is estimated to hit approximately USD 12.3 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Internet of Things, edge computing, and cloud computing have increased organizational connectivity needs. This drives global market expansion.
- On the basis of region, the “North America” Will Likely Overtake the Global Market.
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Global Dark Fiber Network Market: Growth Factors
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.
Dark Fiber Network Market: COVID-19 Impact Analysis
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 report contains qualitative and quantitative research on the global Dark Fiber Network Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global Dark Fiber Network market include;
- 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
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Dark Fiber Network Market: Segmentation Analysis
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.
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.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Dark Fiber Network industry?
- What are the main driving factors propelling the Dark Fiber Network Market forward?
- What are the leading companies in the Dark Fiber Network Industry?
- What segments does the Dark Fiber Network Market cover?
- How can I receive a free copy of the Dark Fiber Network Market sample report and company profiles?
|Report Attribute||Report Details|
|Market Size in 2022||USD 5.4 Billion|
|Market Forecast in 2030||USD 12.3 Billion|
|Growth Rate||CAGR of 12.31%|
|Forecast Years||2023- 2030|
|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, and others.|
|Segments Covered||By Type, By Material, By Network Type, By End-User, and By Region|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Browse Complete Report Here | Dark Fiber Network Market By Type (Multimode Fiber And Single Mode Fiber), By Material (Plastic And Glass), By Network Type (Long Haul And Metro), By End-User (Internet Service Providers (ISPs) And Telecommunication, Railway, Healthcare, Oil & Gas, Military & Aerospace, IT Enabled Services, BFSI, And Others) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030
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The global Dark Fiber Network market is segmented as follows:
- Multimode Fiber
- Single Mode Fiber
By Network type
- Long Haul
- Internet Service Providers (Isps) And Telecommunication
- Oil & Gas
- Military & Aerospace
- IT Enabled Services
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market
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