The fiber to the home market is predicted to be worth US$ 23.42 billion in 2023 and rise to US$ 95.88 billion by 2033. The global industry was expanding at a CAGR of 15.1% from 2023 to 2033.
The connected device market is expanding daily, and the technology sector is aiming to create new goods that benefit individual consumers for their convenience. This is likely to create great demand for fiber to the home services.
This network topology offers previously unheard-of power and bandwidth capabilities by extending fiber directly from a central point to individual buildings. Prospective market prospects are thus created for both current enterprises and fresh rivals.
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Profitable Market Opportunity
Key element driving up the need for high-speed Internet in single-family homes is the increased acceptance of technologically sophisticated solutions. This includes cloud computing, e-governance, e-learning, and e-health. This gives service providers a chance to introduce their unique offerings in the market.
Key Takeaways
- By 2033, the fiber to the home market in the United Kingdom is likely to expand, with a CAGR of 15.4%.
- In 2022, the United States expanded effectively in the fiber to the home sector, with a share of 16.5%.
- The fiber to the home market was significantly expanding, with a size of US$ 20.64 billion in 2022.
- By 2033, the fiber to the home industry in China is likely to expand, with a CAGR of 17.5%.
- In 2022, Australia is projected to expand in the fiber to the home business, with an expected share of 4.6%.
- The market is expected to grow at a US$ 35.71 billion valuation by 2026 with the emergence of IoT.
- By 2033, India is projected to expand significantly in the fiber to the home sector, with a share of 18.6%.
- Japan’s fiber to the home market share expanded significantly, with a 10% share in 2023.
- In 2022, 101 Mbps to 1 Gbps dominated the market with a share of 14.7%. It is anticipated to control the market by 2033 in terms of download speed.
- Based on the application, VoIP dominated the market with a share of 20.4%.
Effective Approaches by Key Players
Companies should reinvest in diverse areas to speed up demand aggregation. Moreover, enable quick expansion supported by banks with a regional focus and supplemental public funding. The primary suppliers of fiber-to-the-home services are focusing on expanding their current internet service offerings with brand-new cutting-edge capabilities.
Recent Developments
- Orange and Telefonica S.A. struck a commercial wholesale agreement in February 2018 to finish its present deployment. Orange now has an alternative to joint investments with other parties thanks to this arrangement.
- In January 2019, America Movil announced that it had reached an agreement to buy 100% of Telefonica Guatemala. Additionally, 99.3% of Telefonica Moviles El Salvador, S.A. de C.V. (“Telefónica El Salvador”).
Key segments
By Download Speed:
- Less than 50 Mbps
- 50 Mbps to 100 Mbps
- 100 Mbps to 1 Gbps
- More than 1 Gbps
By Application:
- Internet TV
- VoIP
- Interactive Gaming
- VPN on Broadband
- Virtual Private LAN Service
- Remote Education
- Smart Home Application
By End User:
- Single Family Homes
- Multiple Dwelling Units
- Small Office Home Office
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- The Middle East & Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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