With 12.5% CAGR, Dark Fiber Market Growth to Surpass USD 11.9 billion

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.

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IoT devices are becoming increasingly prevalent, connecting various devices and sensors for data collection and communication. Dark fiber can support the massive data transmission requirements of IoT by providing reliable and high-bandwidth connectivity. As the number of IoT devices continues to grow, dark fiber networks can enable seamless data transfer and support the expanding IoT ecosystem. AI and ML applications often involve handling massive datasets and require high-performance computing. Dark fiber can support the fast and reliable transfer of data between AI/ML systems, data storage facilities, and processing units. Dark fiber infrastructure enables the seamless transmission of large volumes of data, which is essential for training and deploying AI models.

The market for ISPs and telecommunications industry is expected to grow at the highest CAGR during the forecast period. The internet services providers (ISPs) and telecommunications industry segment is projected to lead the dark fiber market during the forecast period. The segment growth is due to the ongoing adoption of cloud storage and rising technological developments taking place in the field of machine learning, artificial intelligence, and deep learning. This, in turn, has led to increase in data traffic across networks, thereby leading to significant demand for high data transmission coupled with efficient data communication. The development of internet service providers and telecom towers globally is also driving the growth of the dark fiber market. Moreover, leading cloud service providers such as Google, Amazon, and Microsoft are implementing dark fiber to serve their traffic.

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In terms of geographic coverage, the dark fiber market has been segmented into 4 regions, namely, North America, Europe, Asia Pacific and Rest of the World (RoW). The market in Asia-Pacific is expected to grow at the highest CAGR between 2023 and 2028. China, Japan, and India are among a few major contributors to the dark fiber market in Asia Pacific. There is rising demand for dark fiber services from the ISPs and telecommunication industry. The BFSI industry and IT-enabled services in the region are also contributing to the growth of the dark fiber market.

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