According to the report published by Allied marketing research , the worldwide GPON equipment market was estimated at $10.08 billion in 2016 and is predicted to hit $55.55 billion by 2023, registering a CAGR of 27.8% from 2017 to 2023. The report provides an in-depth analysis of the highest investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and fluctuating market trends.
Increased growth in IP traffic, rise in FTTH deployments, and SURGE in demand for higher bandwidth drive the expansion of the worldwide GPON equipment market. On the opposite hand, high cost of deployment impedes the expansion to some extent. However, growth in digitalization and automation across industry verticals and rapid adoption of FTTH services are expected to make lucrative opportunities for the key players within the industry.
The outbreak of the pandemic led to extend in demand for optimized and better bandwidth connectivity, since most organizations across the planet gave access to work-from-home to their employees. This factor, in turn, top quality fiber within the specification of service providers, thereby boosting the worldwide GPON equipment market.
This drift is probably going to continue post pandemic also , because the demand for greater bandwidth from countries including India, Japan, China, et al. would always persist.
The global market is analyzed across equipment type, end-use industry, and region. supported equipment type, the optical line terminal segment held the main share in 2016, and is predicted to retain its dominance during the forecast period. The optical network segment, on the opposite hand, would register the fastest CAGR from 2017 to 2023.
Based on end-use industry, the IT & telecom industry accounted for the main share in 2016, and is predicted to steer the trail throughout the forecast period. At an equivalent time, the hospitals segment would exhibit the fastest CAGR by 2023.
Based on geography, the market Asia-Pacific contributed to the main share in 2016, and is projected to rule the roost during the forecast period. Simultaneously, LAMEA would garner the fastest CAGR from 2017 to 2023. the opposite provinces studied within the report include North America and Europe.