COVID-19 impact: Fiber to the Home Market Headed for Growth and Global Expansion by 2026
Global Fiber to the Home Market: An Overview
The global fiber to the home market is expected to witness robust growth during 2018-2026. The market is likely to be driven by increasing entertainment options, booming Artificial intelligence technology and IOT devices, growing online learning options and smart home automation.
Fiber to the home is expected to bring unprecedented high internet speeds to homes in the next decade. Fiber to the home technology, connects residences to a central point using fibre cables. The technology is also known as Fiber to premises and is capable of providing speeds up to 100 megabits per second.
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Fiber to the home is already a reality for millions based in United States, Japan and some other countries. Growing commercialization online and expected web jam in the near future, makes the usage of this technology essential.
A report by Transparency Market Research on the global fibre to the home market discusses the prospects and growth pace of the market in great details. It examines the factors promoting and deterring it. The report also studies the competitive dynamics in the market by factoring in the strengths and weaknesses of prominent participants, the degree of competition, and their key products.
Global Fiber to the Home Market: Key Trends
Global fiber to the home market is expected to register significant growth during the forecast period. The industry will be boosted as several important applications such as 3D learning, virtual reality, smart gadgets and VoIP applications are dependent on high speeds in order to deliver. Hence, the fiber to the home market can serve as a platform for several industries to build and grow.
Additionally, the fiber to the home or FTTH market would also lower internet consumptions costs to consumers. Internet companies are required to invest a lot less than what they were while laying down cables earlier. FTTH market will also speed up the development of 3D holographic high definition television and games. Similarly, it is expected to lead to immediate synchronization in digital signals for telephone, video, audio, television through a single medium.
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FTTP (Fiber to the premise) market could also witness emergence of several collaborations and partnerships. Investing large capital sums and reaching a large user base could be the key to success in this market. Hence, a collaboration similar to Vodafone Group plc., with fiber network build by CityFibre Infrastructure Holdings PLC can become the order of the day in the near future.
Global Fiber to the Home Market: Regional Outlook
Global fiber to the home market in Asia Pacific is expected to hold the largest share of the market. Asia Pacific region is an early adapted to the fiber technology. Countries like China, Japan, South Korea are homes to millions of subscribers who use VOIP technology. Additionally, initiatives like China’s initiative “Broadband China” in 2016, saw an influx of over 180 billion dollars in infrastructure to boost the market.
Global Fiber to the Home Market: Competitive Dynamics
Major players operating in the global fiber to the home market include Nippon Telegraph and Telephone Corporation, China Unicom, Google Fiber Inc., Verizon Fios, AT&T Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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