The global revenue from sales in the fiber to the home (FTTH) market is expected to reach approximately US$ 23.42 billion in 2023. This market is anticipated to grow steadily at a CAGR of 15.1%. By the year 2033, it is predicted that the FTTH market will attain a total value of around US$ 95.88 billion.
The use of IoT devices is steadily increasing, alongside advancements in voice internet services like Skype, Google Voice, and Facebook Messenger. This trend is expected to drive market growth in the coming years.
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Various industries are increasingly reliant on enhancing their supply chains, which is projected to lead to a market valuation of US$ 35.71 billion by 2026. This includes sectors such as e-commerce, e-governance, banking, and financial services.
The growing demand for entertainment options such as 3D high-definition television, gaming, and remote education is fueling the adoption of fiber-to-home services. As internet needs become ubiquitous worldwide, the market is experiencing substantial expansion, with a growth rate of 1.13x between 2022 and 2023.
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.
Recent Developments:
To complete its current deployment, Orange and Telefonica S.A. signed a commercial wholesale agreement in February 2018. This deal gives Orange an alternative to co-investing with other parties.
America Movil stated in January 2019 that it has agreed to purchase 99.3% of Telefonica Moviles El Salvador, S.A. de C.V. and 100% of Telefonica Moviles Guatemala, S.A. (“Telefónica Guatemala”). The acquired businesses offer voice, internet, and pay TV services for mobile and fixed customers in El Salvador and Guatemala, respectively.
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