Global GPON Market to Penetrate the 16 Billion USD Business Realm by 2024
Asia Pacific GPON market is estimated to experience the fastest growth with a CAGR of around 7% over the forecast timeline
Selbyville, United States – June 27, 2019 /MarketersMedia/ —
The GPON market growth is attributed to the massive surge in the deployment of IoT devices that generate the need for secure and reliable communication. To overcome the network connectivity issues faced by the residential and business customers, GPON plays an important role. The massive penetration of the connected devices and sensors compels enterprises to make sure that their networks continue to perform flawlessly as they transition into the IoT era. The GPON is being increasingly deployed as it has the potential to support multiple connections with varying bandwidth needs.
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Professional services are estimated to dominate the GPON market due to the increasing deployment, and integration of the solutions among enterprises, cloud service, and telecom service providers. These services help in reducing the overall cost of operations of organizations and increase their revenue by eliminating the maintenance expense of physical IT infrastructure and hiring contract employees. These advantages will drive market growth over the forecast period.
Mobile backhaul application segment will show the fastest growth rate of over 10% in the GPON market. With significant investments aimed at commercializing 5G network technology, the demand for efficient mobile backhaul solutions in the telecom sector is projected to increase sharply. The FTTH segment is estimated to hold a major portion of the market share in 2024 as it promises higher speed as compared to a typical cable modem or Digital Subscriber Line (DSL) connection. FTTH also allows bundling different services, such as cable TV, broadband with Gigabit speed, telephony, CCTV, IPTV, smart home applications, and safety & security services, through a simple FTTH broadband connection.
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The residential end-use segment held a majority of the GPON market share with over 60% in 2017 due to the rising demand for triple play services among residential users. A triple play service allows the bundling of services under a single access subscription over a single broadband connection. XGS-PON is projected to emerge as a favorable alternative to offer bundled services involving high-speed and low latency to support voice services.
Asia Pacific GPON market is estimated to experience the fastest growth with a CAGR of around 7% over the forecast timeline. The GPON market growth in the region is driven by an increased penetration of services such as Video on Demand (VoD) and IP television (IPTV) transmission along with high-speed internet access networks. To meet the escalating network demands, the operators are installing Passive Optical Networks (PON) and Gigabit PON (GPON) solutions. Another factor driving the market growth is the significant investments in IoT to drive the smart cities initiatives. Due to the growing popularity of IoT networks in building smart transportation and smart buildings, the demand for fiber optic cables to handle the data transmission over the networks will increase significantly.
Some of the major players of the market are Adtran, Alphion, AT&T, Broadcom, Calix, Cisco, DASAN Zhone, Ericsson, FiberHome, Hitachi, Huawei, Iskratel, NEC, Nokia, NXP, Semiconductors, Tellabs, Unizyx, Verizon, ZTE, and Zyxel.
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Table of Contents (ToC) of the GPON Market:
Chapter 4. Competitive Landscape, 2017
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. AT&T
4.2.2. Calix
4.2.3. Huawei
4.2.4. Nokia
4.2.5. Verizon
4.3. Competitive analysis of other prominent vendors
4.3.1. ADTRAN
4.3.2. Broadcom
4.3.3. FiberHome
4.3.4. NEC
4.3.5. ZTE
Chapter 5. GPON Market, By Component
5.1. Key trends, by component
5.2. Product
5.2.1. Product market estimates and forecast, 2013-2024
5.2.2. OLT
5.2.2.1. OLT market estimates and forecast, 2013-2024
5.2.3. ONT
5.2.3.1. ONT market estimates and forecast, 2013-2024
5.2.4. Others
5.2.4.1. Others market estimates and forecast, 2013-2024
5.3. Service
5.3.1. Service market estimates and forecast, 2013-2024
5.3.2. Professional service
5.3.2.1. Professional service market estimates and forecast, 2013-2024
5.3.3. Managed service
5.3.3.1. Managed service market estimates and forecast, 2013-2024
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