Global Fiber-to-the-Home/Building (FTTH/B) Market to Reach $31.3 Billion by 2026

SAN FRANCISCO, Aug. 6, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Fiber-to-the-Home/Building (FTTH/B) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 16; Released: May 2021
Executive Pool: 4438
Companies: 53 - Players covered include AT&T, Inc.; Bharat Sanchar Nigam Limited; BT Group Plc; China Mobile Ltd.; China Telecom Corporation; China Unicom Limited; Deutsche Telekom AG; Etisalat (UAE); Fastweb S.p.A.; Liquid Telecommunications Holdings Limited; Maroc Telecom S.A.; MTN Group Ltd; Nippon Telegraph and Telephone Corp. (NTT Group); Saudi Telecom Company; Telefonica S.A.; Verizon Communications Inc.; Vocus Group Limited; Vodafone Group PLC and Others.
Coverage: All major geographies and key segments
Segments: Download Speed (50 Mbps to 100 Mbps, 100 Mbps to 1 Gbps, Other Download Speeds); Application (VoIP, Internet TV, Virtual Private LAN Service, Smart Homes, Online Education, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Fiber-to-the-Home/Building (FTTH/B) Market to Reach $31.3 Billion by 2026
Fiber optic networks hold a crucial role in supporting emerging technologies including mobile computing, the cloud, high-quality video and IoT owing to their ability to deliver highest-speed data transfer rates. Fiber-to-the-home/building (FTTH/B) is one of the primary formats of these networks where a fiber cable reaches to a shared property while the other cabling offers Internet connection to single offices, homes or other spaces. FTTH/B applications rely on passive and active networks for distributing signals over shared fiber optic cable to single offices or homes. The fiber optic technology is finding increasing adoption across households, businesses and industries owing to its several benefits over traditional connectivity solutions. The technology is particularly suitable for organizations using the cloud for storing data and apps. Based on its enhanced bandwidth and speed, FTTH/B networks are used in companies for transmission of heavy files and streaming HD content. The technology is a suitable option to support tasks such as video or web conferencing and teleconferencing for employee training, sales and marketing. The FTTH/B connection allows companies to push investments in video conferencing as an effective business platform without compromising over bandwidth and speed.

Amid the COVID-19 crisis, the global market for Fiber-to-the-Home/Building (FTTH/B) estimated at US$15.3 Billion in the year 2020, is projected to reach a revised size of US$31.3 Billion by 2026, growing at a CAGR of 12.4% over the analysis period. 50 Mbps to 100 Mbps, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$16 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 100 Mbps to 1 Gbps segment is readjusted to a revised 13.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.1 Billion in 2021, While China is Forecast to Reach $8.4 Billion by 2026
The Fiber-to-the-Home/Building (FTTH/B) market in the U.S. is estimated at US$5.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2026 trailing a CAGR of 14.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 11.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Growth in the market has and continues to witness robust gains from the migration to WFH models. Massive exodus from traditional offices to a work-at-home environment is today a reality in almost every country worldwide. The IT landscape today remains irreversibility changed with companies migrating to new operating models; reassessing IT security architectures; resetting security systems to plug-in digital holes; and adopting innovative remote working technologies. Highlighting the acceleration in digital transformation is the fact companies have digitally transformed within weeks to ensure business continuity as lockdowns and restrictions confine billions of people to their homes. Over 60% of companies in North America, Europe and Asia expect to witness a higher velocity of change in digital transformation during the years 2020 through 2023. Digital transformation is now visible in all industrial sectors. In the United States, in the pre-pandemic period only 5% to 7% of the country's workforce was working from home (WFH) although over 58% held jobs compatible with remote work. However, over 35% to 40% will work from home multiple-days-a-week by the end of 2021. The pandemic is creating a global 'Work-At-Home' culture which will very likely last beyond the crisis. With no meaningful exit strategy available until a vaccine arrives, social distancing and remote working and operations will be the new normal going forwards. 88% of IT companies worldwide have migrated their employees to WFH during the pandemic. 92% of teams in Asia-Pacific have implemented WFH since the outbreak highlighting the need to flatten the curve in countries with less than adequate healthcare resources. 45% of employees cite COVID-19 as the trigger for rapid adoption of remote working strategies. 72% of companies plan to shift a portion of their staff permanently to a WFH model.

By Application, VoIP Segment to Reach $8.3 Billion by 2026
Global market for VoIP by Application segment is estimated at US$4.2 Billion in 2020, and is projected to reach US$8.3 Billion by 2026 reflecting a compounded annual growth rate of 11.9% over the analysis period. China constitutes the largest regional market for VoIP segment, accounting for 32.9% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 13.5% over the analysis period, to reach US$3.3 Billion by the close of the analysis period. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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