Press release
Fiber to the Home (FTTH) Market 2021 Research on User Demand, Size, Applications, Key Players: China Telecom Cooperation, China Mobile Ltd., Verizon Communications Inc
Fiber to the Home (FTTH) Market
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In line with this, the global fiber to the home market generated a revenue share of more than US$ 12 Bn in 2018, and is anticipated to expand at an impressive CAGR of nearly 15% during the forecast period of 2019 to 2029.
“Service providers in the global FTTH market can gain significant profits by focusing on partnerships with service providers from developing nations in the Asia Pacific excluding Japan region such as China and India. This enables all parties to establish strong supply chains and distribution channels, and improve their growth prospects.”
Reliability and security will play a key role in FTTH for distributing healthcare services. With rising geriatric population, governments are looking for cost-effective ways to use telecom and IT technology such as IoT to monitor and provide assistance to the chronically sick and elderly people. These advancements will influence private companies working with health authorities to create e-health applications to improve efficiency without reducing the quality of patient care.
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Key Takeaways of Fiber to the Home Market Study
The global fiber to the home (FTTH) market accounted for revenue worth US$ 12 Bn in 2018.
Collectively, the deployment of FTTH in Internet protocol and VoIP will generate revenue of US$ 20 Bn by 2029.
In terms of speed, demand for 50 Mbps to 100 Mbps will remain prominent, while 101Mbps to 1 Gbps will gain a steady momentum through 2029.
Adoption in multiple dwelling units will continue to play an instrumental role in the market growth, while usage of FTTH in single family homes will surge over the forecast period.
North America and Europe will continue to hold a significant share of the global market value.
Supportive Government Initiatives for Better Internet Infrastructure to Propel FTTH Market Growth
Increasing government initiatives to promote industrialization and digitalization in developing countries offers a regional expansion opportunity for providers in the fiber to the home market. Rapid increase in data traffic in developing economies such as India, Mexico, and Brazil is another factor that is creating profitable opportunities for service providers in the FTTH market.
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Competitive Landscape
China Telecom Cooperation, China Mobile Ltd., Verizon Communications Inc., and AT&T Inc.
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