June 18, 2020
Global Fiber to the Home Market by Speed, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
Global Fiber to the Home Market is valued to reach USD 16.2 Billion by 2023, growing at CAGR of 8.5% over forecast period 2020–2026. Growing demand for higher bandwidth and better internet infrastructure, rapid industrialization coupled with growing use of optical fiber in mobile backhaul for communication are key factors driving the market.
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Market Trends, Drivers, Restraints, and Opportunities:
- FTTH provides high bandwidth network by using the light signal transmission. This if driving the growth of the market.
- Many sectors such as banking & financial services depend on high-speed Internet to provide real-time services and operations, which in turn, is fueling the growth of the market.
- FTTH entails less investment costs, as there is no need for laying down cables, which is rapidly increasing its adoption.
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