GPON Market is Set to Garner Staggering Revenues by 2022-2028
The GPON market is anticipated to witness robust growth by 2028 owing to increasing product demand in equipment manufacturing. In addition, recent advancements in the fiber optic technology are likely to further spur market growth through the forecast period.
Recently, market players have been using profitable strategies to gain a competitive edge in the business, which has positively impacted market dynamics. For instance, in June 2021, telecommunications giant Nokia announced that CG NET would use its GPON system as part of a large Fiber-to-the-Home (FTTH) deployment in the Kathmandu Valley.
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Notably, Nokia's solution would enable CG NET to provide the fastest broadband speeds in the market as well as a competitive marketplace offering for IPTV, gaming, and remote work and education. Furthermore, it would offer efficient upgradeability to next-generation technologies and Software-Defined Access networks through the same access platform. Nokia consumer broadband modems were intended to be used in the project to ensure premium digital services within the user's premises.
The GPON market has been segmented based on component, technology, application, end-use, and region. Based on component, the GPON industry has been divided into product and service. Under service, the market has been bifurcated into professional service and managed service. The professional service segment is anticipated to witness robust growth by 2028, registering a CAGR of over 10% through the assessment timeframe. Mounting adoption of ultra-high access optic fiber technology would increase OLT and ONT installations, which is poised to impel segmental growth in the coming years.
On the basis of technology, the GPON market has been categorized into XG-PON, 2.5 GPON, XGS-PON, and NG-PON2. The XGS-PON segment is projected to observe robust growth at a CAGR of approximately 15% over the analysis timeline. Reduced cost and high-performance capability compared to implementation of the XG-PON technology is likely to propel segmental adoption over the following years.
In terms of end-use, the GPON market has been categorized into residential and business. Under business, the industry has been segregated into IT & telecom, healthcare, BFSI, and government. In 2021, BFSI held a market share of around 21.54% and is likely to see considerable growth through 2028. BFSI help banks serve their customers efficiently with real-time engagement for various types of financial services, which is slated to foster segmental outlook. The government segment is foreseen to observe substantial growth at a CAGR of more than 19.5% through the review timespan driven by rapidly growing efforts made by the government towards accelerating digital transformation.
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From the regional point of view, the Latin America GPON industry accounted for above 13.61% of the overall industry revenue in 2021 and is expected to amass notable gains over 2022-2028. Steady growth in fixed broadband penetration and smart city developments in LATAM is projected to witness sturdy growth through the review timeline. Meanwhile, the Middle East & Africa GPON market is anticipated to grow sizably at a CAGR of about 18.5% over the forecast period due to the consistently growing penetration of FTTH solutions for triple play services in the region.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Region-wise COVID-19 impact analysis
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Executive Summary
2.1 GPON market 360º synopsis, 2018 – 2028
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Technology trends
2.6 Application trends
2.7 End use trends
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