Worldwide Dark Fiber Networks Industry to 2028 - Key Drivers and Restraints
DUBLIN, Jan. 4, 2021 /PRNewswire/ -- The "Dark Fiber Networks Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering.
Dark fiber networks market is set to reach $13.51 billion by 2028, growing with a double digit CAGR throughout the forecast period from 2020 to 2028. Primarily governed by North America, dark fiber networks market is highly driven by increasing usage of the existing unlit fibers of established optical networks. The market has been witnessing high growth since 2014, due to continued increase in internet traffic worldwide and popularizing concept of using dark fiber. With rapidly increasing internet users as well as traffic across the world, more number of internet providers are now looking for viable ways to suffice the ever-rising demand for network bandwidth.
Merger & acquisitions to remain the key strategy
The overall dark fiber networks market is quite fragmented in nature due to presence of numerous network service providers worldwide. The market consists large number of regional companies serving limited countries, as type of offerings may vary by country. In contrast to telecom service providers, regional/local companies provide majority of the internet service, thereby limiting the scope of global players. One of the most common strategies adopted by the global players is mergers and acquisition of other small-scale network providers or their fiber optic networks. This enables the companies to expand their fiber network, thereby reaching to more number of subscribers.
Popular instances include acquisition of Level 3 Communications, Inc. by CenturyLink, Inc., acquisition of FiberTower Corporation by AT&T, Inc. and acquisition of XO Communications, Inc.'s dark fiber optic network by Verizon Communications, Inc. Since size of the network plays crucial role, mergers and acquisitions are expected to remain a key strategy for the market players. Some of the major players profiled in the report include AT&T, Inc., Verizon Communications, Inc., Zayo Group, Level 3 Communications, Inc. (CenturyLink, Inc.), Comcast Corporation, Interoute Communications Ltd., FairPoint Communications, Inc., Colt Group SA, NTT Communications and Windstream Services, LLC.
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