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The global dark fiber network market size is poised to reach USD 13.45 billion by 2030, registering a CAGR of 11.9% from 2022 to 2030.The dark fiber network is progressively being portrayed as a viable resolution for organizations that focus on network management and improved communication. These networks are majorly advantageous for organizations that deal with a voluminous flow of data in their business operations. These advantages include reliability, scalability, lower network latency, and heightened security.
The dark fiber network is not only deployed for business applications but can also be implemented beneath oceans and lands. Some exceptional uses of the dark fiber network comprise monitoring permafrost and earthquake research. However, a few limitations of dark fiber networks include a time-consuming setup of infrastructure, high initial investments, and high costs involved in repair and maintenance. Furthermore, the dark fiber networking infrastructure is presently accessible only in metropolitan cities and is yet to become accessible in towns and smaller cities.
Based on fiber type, the multi-mode segment dominated the global market, accounting for around 62% of the total revenue share in the market in 2021. The multi-mode network type is best suitable for short distances of transmission. It is primarily implemented in LAN systems and video surveillance. On the other hand, single-mode fiber is well-suited for longer distances of transmission. It is primarily used in long-distance telephony and multi-channel broadcast systems over television. The single-mode network type is projected to exhibit a substantial growth rate during the forecast period. This network is implemented in long-distance installations with a transmission range from over 2 meters to 10,000+ meters. The single-mode network faces lower power loss compared to the multi-mode network. However, it is relatively pricier than multi-mode fibers.
The long-haul network type is anticipated to depict the fastest CAGR of over 12.8% from 2022 to 2030. This is attributable to its incomparable ability to connect at low signal intensity over huge distances. Such long-haul networks are widely employed across lengthy oceanic distances through undersea cabling, thus attracting an influx of investments from several organizations across the world. For instance, Zayo Group Holdings Inc completed the development of three new long-haul dark fiber network routes from Atlanta to Dallas, Denver to Salt Lake City, and Eugene to Reedsport in October 2021. The network is supported by incessantly growing investments, the rapid development of smart cities, and robust competitive dynamics in the global market.
The telecommunication application held the largest revenue share of over 42.6% in 2021 and is expected to maintain its dominance during the forecast period. The telecommunication sector is projected to offer lucrative growth prospects owing to the escalating roll-out of 5G technology in data transmission and communication services. Dark fiber network supports high-speed data transmission services in both short and long-range communication. In addition, the increasing deployment of cloud-based applications, Video-on-Demand (VoD) services, and audio-video services influence the market demand.
Asia Pacific is projected to exhibit the fastest growth during the forecast period. This is attributable to the increasing technological advancements and large-scale deployment of the network in the administrative and IT & telecommunication sectors. Moreover, the growing penetration of dark fiber networks in the manufacturing arena, paired with the rapidly growing IT & telecom sector in the region is augmenting the regional market growth. Subsequently, the proliferating application areas of fiber networks in the medical industry are steering growth across various countries, including China, India, and Japan, thus fueling the overall market demand.
The key market vendors adopt various growth strategies, including product developments, mergers and acquisitions, partnerships, collaborations, and market expansions, to sustain in the competitive market. For instance, Colt Technology Services declared a 25-year contract with Getlink in 2021, to implement Colt IQ Network across Getlink’s Channel Tunnel that was aimed at facilitating data transmission in terms of Tbps per fiber.
Research Support Specialist, USA