APAC Dark fiber market estimated to grow at highest CAGR throughout the forecast period

The dark fiber market in APAC is projected to grow at the highest CAGR from 2021 to 2026. The growth of the market in this region can be attributed to the increasing internet penetration, ongoing technological advancements such as the advent of 4G and 5G, and rising demand for smartphones and connected devices that have led to an increase in data traffic in telecommunication.

AT&T Intellectual Property (US), Colt Technology Services Group Limited (UK), Comcast Corporation (US), Consolidated Communications (US), GTT Communications, Inc. (US), CenturyLink, Inc. (US), NTT Communications Corporation (Japan), Verizon Communications, Inc. (US), Windstream Communications (US), and Zayo Group, LLC (US),  are some of the key players in the dark fiber market.

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According to MarketsandMarkets, the dark fiber market is projected to grow from USD 5.2 billion in 2021 to USD 8.7 billion by 2026, at a CAGR of 11.0% from 2021 to 2026. Rising demand for 5G networks and increasing demand for internet bandwidth is among the factors driving the growth of dark fiber market.

Based on type, the single mode fiber segment is estimated to hold a larger share of the dark fiber market compared to the multimode fiber segment in 2021, and this segment will continue to hold a dominant market position during the forecast period. Single mode fibers are best suited for longer transmission distances, such as multi-channel television broadcast systems and long-distance telephony. Currently, the majority of dark fibers leased out are underground fiber networks.

Based on end user, the internet service providers (ISPs) and telecommunications industry is projected to lead the dark fiber market during the forecast period. The growth of this segment can be attributed to the ongoing adoption of cloud storage and increasing technological developments in the field of machine learning, artificial intelligence, and deep learning. This, in turn, increases data traffic across networks, leading to significant demand for high data transmission along with efficient data communication.

Based on region, North America is estimated to account for the largest share of the overall dark fiber market in 2020. The market growth in North America can be attributed to the presence of leading dark fiber ecosystem players, such as AT&T Intellectual Property, GTT Communications, Inc., and Consolidated Communications, in the region. These players have been capturing a major share in the overall dark fiber market, thereby contributing significantly to the market growth in North America.