The emergence of 5G networks will also accelerate the GPON market growth as they can transmit the data significantly faster and they are designed to support modern IoT use cases. As these networks are expected to provide a better coverage and support high-bandwidth intensive applications, the demand for FTTH networks will grow to support the 5G infrastructure.
In world being blitzed with emerging applications that include Internet of Things, 5G network and 4K video streaming, GPON market is expected to find immense growth opportunities over 2018-2024. For instance, earlier in 2018, SK Broadband of South Korea announced that it will be launching high-speed internet service that will be capable of delivering 2.5 gigabit per second. The service will allow users to download high volumes of content using multiple devices while the service will be 3 times faster than most of the South Korean internet services that are already quite fast.
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The technology at the basis of making this possible is Gigabit Passive Optical Network or GPON and while SK Broadband’s current coverage is 40%, the company plans to invest 1 trillion won and expand up to 80%. Korean rival KT is also planning to roll out similar services and the South Korean government is also planning to roll out 5G wireless internet in 2019. With such developments not being bound to South Korea alone, it is predictable that the GPON market will witness significant growth in the ensuing years.
ONTs are projected to exhibit a growth rate of over 9% during the forecast timeline due to the rise in demand for high-speed broadband services. ONTs are indispensable components, which are used at the end user’s premise to connect to the PON network and interface on the other side. The high penetration of data-driven applications will lead to an increase in the demand for ONTs that possess great reliability to meet the network requirements.
Managed services are expected to grow at a CAGR of over 11% from 2018 to 2024 due to the growing need among enterprises to optimize network performance and improve operational efficiency. The managed service providers offer remote monitoring and support for the management of the fiber optic network, enhancing productivity and improving service availability. As GPON networks provide a wide range of benefits to residential and commercial customers, the demand for managed services will increase over the forecast timeline.
North America is estimated to hold the largest market share of over 20% by 2024 due to the rise in the adoption of FTTH network solutions to provide high-speed internet services. Huge investments in the roll-out of 5G networks will also augment the demand for GPON technology in the region. GPON networks will provide the support for the 5G network infrastructure to address the latency constraints and capacity needs for future-ready networks.
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With the demand for futuristic technological development on the rise, GPON market is expected to register significant profits as it becomes the enabler of disruptive forces like 5G network.
Some Points From Table Of Content: –
Chapter 5. GPON Market, By Component
5.1. Key trends, by component
5.2.1. Product market estimates and forecast, 2013-2024
126.96.36.199. OLT market estimates and forecast, 2013-2024
188.8.131.52. ONT market estimates and forecast, 2013-2024
184.108.40.206. Others market estimates and forecast, 2013-2024
5.3.1. Service market estimates and forecast, 2013-2024
5.3.2. Professional service
220.127.116.11. Professional service market estimates and forecast, 2013-2024
5.3.3. Managed service
18.104.22.168. Managed service market estimates and forecast, 2013-2024
Chapter 6. GPON Market, By Technology
6.1. Key trends, by technology
6.2. 2.5 GPON
6.2.1. 2.5 GPON market estimates and forecast, 2013-2024
6.3.1. XG-PON market estimates and forecast, 2013-2024
6.4.1. XGS-PON market estimates and forecast, 2018-2024
6.5.1. NGPON2 market estimates and forecast, 2018-2024
Chapter 7. GPON Market, By Application
7.1. Key trends, by application
7.2.1. FTTH GPON Market estimates and forecast, 2013-2024
7.3. Other FTTX
7.3.1. Other FTTX market estimates and forecast, 2013-2024
7.4. Mobile backhaul
7.4.1. Mobile backhaul market estimates and forecast, 2013-2024
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