New York, US, Sept. 15, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR),” Fiber to the Premises Market, By Type, By End Users, By Verticals - Forecast 2030”, the market is anticipated to flourish at a 14.32% CAGR over the review timeframe.
Fiber to the Premises (FTTP) Market Overview:
The fiber to the premises refers to a system with fiber optic cables allowing internet access. The fiber to the premises system implementation is happening quickly among the service supplier companies. Several ISP providers implement this extraordinary fiber to the premises system. The implementation of this system is essential. The internet connectivity for fiber to the premises system is well than the coaxial cable connections. The connections are helpful for industrial, personal, and commercial purposes. The handy functions of this system boost demand for the FTTO market. The thriving broadband industry needs fiber services to the premises system. Various internet firms are funding more FTTP systems. The global market for fiber to the premises systems is anticipated to flourish substantially over the review timeframe.
FTTP Report Scope:
| Report Metrics | Details |
| FTTP Market Size by 2030 | USD 60.95 Billion |
| FTTP Market Growth | 14.32% CAGR (2022-2030) |
| FTTP Market Opportunities | Advanced broadband architecture increases the requirement of FFTP services |
| FTTP Market Drivers | The advancing multimedia industry, The adoption of fiber to the premises is high, The demand for the FTTP system |
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Market USP Covered
Fiber to the Premises Market Drivers
The global fiber to the premises market has recorded a massive rise in the growth rate in recent years. The factors such as the advancing multimedia industry, booming broadband industry, and high broadband and multimedia connections support the market's growth.
Market Restraints
On the other hand, the high infrastructure expenditure is likely to restrict the market's growth.
COVID-19 Impact
The global COVID-19 pandemic has had a severe impact on the majority of the market sectors across the globe. Given the rapid spread of the disease across most regions worldwide, several governments implemented partial or complete lockdowns. The players across the global market faced several unexpected challenges during the pandemic. With the travel restrictions imposed across the majority of the regions worldwide, the industry sectors witnessed significant disruption in the supply chain networks. The global health crisis not only affected public health but also substantially impacted the global economy. Like any other industry sector, the global market for fiber to the premises also had a huge impact caused by the pandemic. The pandemic caused a significant disruption in the fiber to the premises' market demands. Covid 19 has an enormous effect on the global telecom and internet firms.
Additionally, it makes the implementation of fiber to the premises system advanced. The funding rates on the fiber-to-the-premise system are falling during the pandemic times. Because of the pandemic situation, the halt of the telecom industry is impacting the fiber to the premises market. On the other hand, all the market areas are getting back on track, and the fiber to the premises market revenue is witnessing a significant rise in the last few months.
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Fiber to the Premises Market Segment Analysis
Based on the category, the single-family homes segment will likely dominate the global market for fiber to the premises over the assessment timeframe. The central aspect causing an upsurge in the segment's growth is the rise in the deployment of intelligent systems in single-family homes and the rise in mobile apps. The factors have caused a requirement for high-speed Internet across the globe, which in turn is anticipated to boost demand for fiber to the home. Additionally, the rising implementation of technologically advanced solutions like e-learning, e-governance, e-health, and cloud computing is anticipated to catalyze the demand for high-speed Internet in single-family homes, which is likely to boost the market's growth over the assessment timeframe.
Based on the speed, the 101 Mbps to 1 Gbps FTTH segment is anticipated to lead the global market for fiber to the premises over the coming years. the significant aspect causing an upsurge in the segment's growth is the rising population across the globe. Furthermore, factors such as the need for high-speed Internet, growing investments in fiber internet across developing nations, and growing disposable income of individuals are also likely to catalyze the growth of the segment over the coming years. moreover, the real estate sector is growing investments for improved infrastructure given the growing deployment of fiber to premises/homes to offer improved telecommunication infrastructure to consumers.
Based on the application, the VoIP segment is anticipated to dominate the global market for fiber to the premises over the coming years.
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Fiber to the Premises Market Regional Analysis
The global market for fiber to the premises is analyzed across five major regions: North America, Asia-Pacific, Latin America, the Middle East & Africa, and Europe.
According to the analysis reports by MRFR, the Asia-Pacific region is anticipated to dominate the global fiber to the premises market over the review timeframe. The constant technological advancement in the field is the primary aspect causing an upsurge in the regional market's growth. The aspect is causing a rise in adopting the FTTP system across the region. Furthermore, the rapid integration of FTTP with the legacy system is another parameter supporting the regional market's growth.
The North American region's fiber to the premises market will likely record substantial growth over the assessment timeframe. The region has significant growth contributors, such as Canada and the US, with well-established market players. In addition, the growing number of smart-device users across the region is also projected to boost demand for these systems across the region.
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Competitive Analysis
The list of leading players across the global FTTP market includes companies such as:
- Fiber Optic Telecom (China)
- Huawei (China)
- Pantech (US)
- CommScope (US)
- Corning (US)
- Himachal Futuristic Communications Limited (India)
- Sun Telecommunication (China)
- Allied Telesis (Japan)
- CommScope (US)
- Verizon (US)
- Fibernet (Israel)
- Altice (Netherlands)
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
