The dark fiber market is projected to grow from USD 6.6 billion in 2023 and is projected to reach USD 11.9 billion by 2028; it is expected to grow at a CAGR of 12.5% from 2023 to 2028. The growth of the dark fiber market is driven by rising demand for 5G network, increasing demand for internet bandwidth, growing demand for reliable and secure network are the major factors driving growth of the dark fiber market.
Key strategies adopted by the players in the dark fiber market ecosystem to enhance their product portfolios, augment their market share and expand their market presence mainly include new product launches and partnerships and acquisitions.
For instance, in November 2022, CenturyLink (Lumen Technologies) through its premier fiber internet service, Quantum Fiber, is now offering one of the fastest internet speeds in the U.S. Upload and download speeds up to 8 gigabits per second are now available to select residents and small businesses in cities near Denver, Minneapolis and Seattle, with more cities to come. Lumen is using XGS-PON technology, a passive optical network to provide the symmetric multi-gig capabilities.
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AT&T is well-established and a market leader in its segment. The company offers dark fiber technologies to cater to businesses, individuals, and government agencies. It has a significantly diversified portfolio, which reduces risk and dependence on any one segment. The company has a giant network of wired and wireless access capabilities, the world’s most advanced internet protocol backbones. This provides it an edge over its competitors in terms of seamless service delivery. AT&T uses Quality of Services Technology that enables enterprises, government agencies, and public safety customers to identify data traffic that needs prioritized treatment, which gives it a competitive edge over its competitors. The company’s business is spread over all regions, which helps it in providing services globally. A widespread customer base reduces AT&T’s dependence on a particular region, thus reducing its business risks. It has a diversified geographic presence and revenue base across the Americas, Europe, Asia, and Africa. AT&T has enabled its wireline customers to adapt to next-generation services offered by the company, including advanced IP-based offerings such as Ethernet, virtual private network, very high-speed internet access, and managed internet services. This helps it to maintain its revenue even during the age of wireless connections. AT&T is leveraging its wired customers to enable high revenues and growth from data, videos, and high-end business services. The increase in the establishment of smart cities is expected to help the company to increase its revenue and establish itself further in the field. The company has undertaken acquisitions, agreements, collaborations in different verticals, which avoids over-dependence on any particular business segment.
Verizon Communications, Inc. is a well-established brand in the dark fiber market. The company has expanded its reach globally and is a market leader, which is expected to enable it a larger market share in the near future. It holds a strong position in the market, offering the latest technology and varying internet speeds to its customers. In 2020, Verizon completed a high-speed, long-haul data session by sending 800 Gbps across long-distance fibers in preparation for a significant increase in data from enterprise and consumer 5G applications. This significant technological advancement in the fiber network is expected to lay the groundwork for managing the blazing-fast gigabit speeds, super low single-digit millisecond latency, and significant scalability that is expected due to Verizon’s 5G ultra-wide band (uwb) network. Acquisitions helped the company gain a larger market share. This has been the leading business strategy adopted by Verizon Communications, Inc. in recent years to strengthen its reach to different regions. The company has strong research & development capabilities, which help it to enhance its products. For instance, in 2020, Verizon Communications acquired BlueJeans, a cloud-based video conferencing service. Adding BlueJeans to Verizon’s Advanced Communications portfolio is extremely crucial for keeping businesses, from small organizations to some of the world’s largest multinational brands, operating at the highest levels.
Dark Fiber Market by Single-mode Fiber, Multimode Fiber (Step-index, Graded-Index), Network Type (Metro, Long Haul), Material (Glass, Plastic), End User (Telecommunication, BFSI, Aerospace, Oil & Gas, Healthcare) & Region - Global Forecast to 2028
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