GPON Technology Growing Popularity and Emerging Trends in the Market | ADTRAN, AT&T, Broadcom Inc., Calix, Ericsson, FiberHome, NEC Corporation, Tellabs, ZTE Corporation, Zyxel, Your Networking Ally, Nokia, Verizon

The GPON Technology Market growth is attributed to the massive surge in the deployment of IoT devices that generate the need for secure and reliable communication. To overcome the network connectivity issues faced by the residential and business customers, GPON plays an important role. 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.

Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2954

Another factor fueling the GPON technology market growth is the emergence of 5G networks that are expected to deliver more capacity per device and support new types of solutions due to the mass introduction of Machine-to-Machine (M2M) communications. The advent of bandwidth-intensive entertainment and communication services will also accelerate the adoption of the next-generation GPON technologies over the forecast timeline.

Key Players in the Market are as follows:

1. ADTRAN
2. Allied Telesis
3. Alphion Corporation
4. AT&T
5. Broadcom Inc.
6. Calix
7. Cisco
8. DASAN Zhone Solutions
9. Ericsson
10. FiberHome
11. Hitachi
12. Huawei Technologies
13. Iskratel
14. NEC Corporation
15. Nokia
16. NXP Semiconductors
17. Tellabs
18. Verizon
19. ZTE Corporation
20. Zyxel, Your Networking Ally

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.

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. As these devices can serve thousands of customers, they are being used for serving modern voice, video, and data applications in high-performance enterprise LAN.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2954

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 FTTH segment is estimated to hold a major portion of the market share in 2024 as it promises higher speed as compared to a typical cable modem or Digital Subscriber Line (DSL) connection. FTTH also allows bundling different services, such as cable TV, broadband with Gigabit speed, telephony, CCTV, IPTV, smart home applications, and safety & security services, through a simple FTTH broadband connection.

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. With the ongoing expansion of 4G networks and investments aimed at the commercialization of 5G, subscribers are increasingly using broadband data services for their smartphones. This will trigger the adoption of GPONs to meet the high-bandwidth demands, increased scalability, and low latency in data transmission.

Asia Pacific GPON technology market is estimated to experience the fastest growth with a CAGR of around 7% over the forecast timeline. The GPON technology market growth in the region is driven by an increased penetration of services such as Video on Demand (VoD) and IP television (IPTV) transmission along with high-speed internet access networks. To meet the escalating network demands, the operators are installing Passive Optical Networks (PON) and Gigabit PON (GPON) solutions.

Another factor driving the market growth is the significant investments in IoT to drive the smart cities initiatives. Due to the growing popularity of IoT networks in building smart transportation and smart buildings, the demand for fiber optic cables to handle the data transmission over the networks will increase significantly.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/gigabit-passive-optical-network-equipment-market

Some of the major players of the market are Adtran, Alphion, AT&T, Broadcom, Calix, Cisco, DASAN Zhone, Ericsson, FiberHome, Hitachi, Huawei, Iskratel, NEC, Nokia, NXP, Semiconductors, Tellabs, Unizyx, Verizon, ZTE, and Zyxel.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.