Global sale revenue of fiber to the home market stood at around US$ 17,951.6 Mn in 2021, and is slated to increase at a CAGR of 14.7% to reach a valuation of US$ 53,898.7 Mn by 2029.
The Fiber to the Home Market is slated to increase at a CAGR of 14.7% to reach a valuation of US$ 20,641.8 Mn in 2022 and US$ 53,898.7 Mn by 2029. An increase in the installation of smart systems at home, and a rise in the usage of mobile apps are the two crucial parameters that are boosting the demand for high-speed Internet. On the back of these factors, the demand for fibre to the home (FTTH) is projected to increase during the forecast period of 2022-2029.
Growing adoption of technology advancement solutions such as cloud computing, e-Governance, e-Learning, e-Health, and smart grids, are other major factors due to which the demand for high-speed fiber to the home is expected to increase during the forecast period.
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Key Takeaways of Fiber to the Home Market Study
Supportive Government Initiatives for Better Internet Infrastructure to Propel FTTH Market Growth
Increasing government initiatives to promote industrialization and digitalization in developing countries offers a regional expansion opportunity for providers in the fiber to the home market. Rapid increase in data traffic in developing economies such as India, Mexico, and Brazil is another factor that is creating profitable opportunities for service providers in the FTTH market.
More Valuable Insights on Fiber to the Home Market
In its latest report, Future Market Insights offers an unbiased analysis of the global fiber to the home market, providing historical data for the period of 2014-2021 and forecast statistics for the period of 2022-2029.
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Fiber To The Home Market Outlook by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 11, 2022