Global Dark Fiber Market, By Type (Single mode fiber, multimode fiber(step-index multimode fiber and graded-index multimode fiber)), By Network Type (Metro and long haul), By Material (Glass and Plastic), By End-User (Internet Service Providers (ISPs) and Telecommunication Industry, BFSI Industry, IT Enabled Services, Military and Aerospace Industry, Oil and Gas Industry, Healthcare Industry, Railway Industry, and others (Manufacturing and Factory Automation)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global dark fiber market was valued US$ 5.0 Bn by the end of 2020 and expected to reach at a value of US$ 10.1 Bn by 2028 with a significant CAGR of 9.2%.
Dark fiber, also commonly known as black fiber or unit fiber, can be basically comprehended as fresh optical fiber that has been set down. The dark fiber majorly serves its application in the Telecom and Network Communications industry, globally, and there are millions of yards of idle dark fiber cords all across the US. Whilst it is, in present, not in use, it is noted to be "dark" as none of the faint pulses can be transmissible via it.
However, in the regular fiber cords, light pulses are able to exchange information, but it is necessary that these cords are rather taken advantage of. In the modern times, most of the businesses and other organizations, big or small, are heavily dependent over the high speed internet connectivity which is expected to be the primary driver of the growth in the demand of dark fiber networks, thereby expected to propel the global dark fiber market over the forecast period.
The dark fiber networks are presumed to be extremely worthwhile for businesses and companies needing great volumes of data streams in their functioning. These advantages contain lower network latency, adaptivity, improved reliability and security. Microsoft Corporation, Google, Inc., and Facebook, Inc. are chief illustrations predisposed towards having their own fiber network. For example, Google has been proactively procuring dark fiber from the year 2005 with an objective of setting up a fast speed network amongst its data centers. Other than that, Facebook administers its most of the data transmitted through formerly idle ‘dark fiber networks’. Such factors are further projected to continue to rise demand of dark fiber networks along with invariably growing volumes of data worldwide. Thus, the global dark fiber market is projected to grow significantly in the following years.
In addition to that, the reducing costs of dark fiber networks leasing is another factor that is positively fueling the growth of the global dark fiber market. The flourishing density of fiber networks is majorly responsible for the reduced entire costs of installations and equipment. Owing to which, the global dark fiber market is projected to witness significant growth over the forecast period.
MMC Study identifies some of the key participating players in the dark fiber market globally are AT&T Intellectual Property, Colt Technology Services Group Limited, Comcast Corporation, Consolidated Communications, GTT Communications, Inc., CenturyLink, Inc., NTT Communications Corporation, Verizon Communications, Inc., Windstream Communications, and Zayo Group, LLC are among others.
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