Fiber to the Premises Market Application, COVID-19 Impact, Demand & Industry Forecast till 2027
Market Research Future published a research report on “Fiber to the Premises Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Fiber to the Premises Market Global Market - Overview
Fiber to the premise is an optical fiber cable connection for home users or small businesses by the internet service providers (ISPs). Fiber to the premise is one of the emerging technologies of which the internet service providers benefit by providing their customers with a superior internet access as compared to traditional co-axial cable connection. One of the major advantages of fiber to the home internet connection is the enhanced speed as compared to the dial-up connection. It offers better customer experience as the customers experience faster internet connection speeds for watching movies, TV shows and browsing internet. Various service providers are investing in the research and development to bring out new products and technology owing to the increased demand for broadband internet connection by consumers and enterprises.
The factors that contribute towards the growth of fiber to the home market are the rising adoption of cloud-based services, increased shift towards live and on-demand video streaming, and growing development in the field of smart grids, public sector, e-health solutions, and e-governance systems. However, there are certain factors that hamper the growth of fiber to the premise market. These include higher capital investment in deploying fiber to the home, and high cost for internet service providers (ISPs) to migrate from current network infrastructure.
The prominent players in the Fiber to the Premises Market - Cincinnati Bell (US), Cellular South Inc. (US), Verizon Wireless (US), AT&T Inc. (US), Cox Communications (US), 3M (US), CenturyLink, Inc. (US), Cisco Systems, Inc. (US), Corning Incorporated (US) among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global Fiber to the Premises market.
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Segmentation by end-users: personal, and commercial (SMEs, large enterprises).
Segmentation by type: broadband PON (BPON), gigabit PON (GPON), and ethernet PON (EPON).
Segmentation by verticals: IT & telecommunication, government, transportation, industrial, aerospace & Defence, and others.
Segmentation by region: North America, Europe, Asia-Pacific and rest of the world.
Region-wise, the Fiber to the Premises market has been segmented into North America, Asia Pacific, Europe, and the rest of the world.
The Asia Pacific dominates the Fiber to the Premises market. Countries like South Korea, Japan, and Hong Kong show a very high rate of growth in penetration of Fiber to the Premises among other countries. Developing countries in the Asia Pacific, such as China and India, are also showing extreme potential for the fiber market.
North America is the second biggest Fiber to the Premises market. The growth of key companies and the involvement of the U.S. and Canada in this area give North America a massive boost in the FTTP industry.
Europe is the third-largest market. Increasing government spending on network infrastructure is one of the few factors helping the Fiber to the Premises sector in Europe.
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