Press release
GPON Market 2024 By Key Manufacturers ADTRAN, AT&T, Broadcom Inc., Calix, Cisco, Ericsson, FiberHome, Hitachi, Huawei Technologies, NEC Corporation, Nokia, NXP Semiconductors, Tellabs, Verizon, ZTE Corporation
GPON Market
The massive penetration of the connected devices and sensors compels enterprises to make sure that their networks continue to perform flawlessly as they transition into the IoT era. The GPON is being increasingly deployed as it has the potential to support multiple connections with varying bandwidth needs.
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OLTs held a dominant market share of around 50% in the GPON technology market in 2017 as they are one of the essential hardware components connected at the service provider’s end, which will provide faster speed, lower latency and enable simplification of the operations in fiber networks.
Professional services are estimated to dominate the GPON technology market due to the increasing deployment, and integration of the solutions among enterprises, cloud service, and telecom service providers. These services help in reducing the overall cost of operations of organizations and increase their revenue by eliminating the maintenance expense of physical IT infrastructure and hiring contract employees. These advantages will drive market growth over the forecast period.
GPON Technology Market, By Component
o By Product
• Optical Line Terminal (OLT)
• Optical Network Terminal (ONT)
o By Service
• Professional Service
• Managed Service
GPON Technology Market, By Technology
• 2.5 GPON
• XG-PON
• XGS-PON
• NG-PON2
GPON Technology Market, By Application
• FTTH
• Other FTTX
• Mobile Backhaul
GPON Technology Market, By End Use
• Residential
• Business
• IT & Telecom
• BFSI
• Healthcare
• Government
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The NG-PON2 segment in the GPON technology market is projected to grow at a CAGR of around 20% over the forecast timeline. The technology enables service providers to converge their multiple services into one, reducing the overall cost of the network. NG-PON2 holds a great potential for commercial users as it allows providers to deliver dynamic bandwidth to any subscriber at any time and helps them to converge all services for business, consumer, wireless-wireline on a single fiber network.
Mobile backhaul application segment will show the fastest growth rate of over 10% in the GPON technology market. With significant investments aimed at commercializing 5G network technology, the demand for efficient mobile backhaul solutions in the telecom sector is projected to increase sharply.
The IT & Telecom segment dominated the global GPON technology market in 2017 and is expected to hold a share of over 50% in 2024. As the telecommunication networks are constantly developing and expanding in order to meet the ever-growing user demands, the demand for GPON technology in the sector is likely to increase swiftly.
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North America GPON market is projected to hold a majority market share of over 20% by 2024. The market growth is attributed to factors such as the huge deployment of the FTTH networks to deliver high-speed internet services including video conferencing and VoD. The region also has the huge concentration of major networks and service providers that are investing heavily in the installation of next-generation GPON architectures.
Some of the major players of the market are ADTRAN, Inc., Allied Telesis, Alphion Corporation, AT&T Inc., Broadcom Inc., Calix Corporation, Cisco, Inc., DASAN Zhone Solutions, Ericsson, FiberHome, Hitachi, Ltd., Huawei Technologies Co., Ltd., Iskratel, NEC Corporation, Nokia Corporation, NXP Semiconductors N.V., Tellabs, Inc., Verizon Wireless, ZTE Corporation, Zyxel Communications Corp.
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