APAC GPON technology market to accrue considerable returns by 2024, global industry to be driven by the robust demand from the IT and telecom sector
Publisher : Fractovia | Published Date : 2018-12-12Request Sample
The global GPON technology market has been growing exponentially over the last few years owing to heavy investments in the cable network infrastructure. Currently, among the all available network infrastructures, GPON is endowed with the longest life and highest speed. Its future-proof access and lowest cost infrastructure network have majorly propelled its deployment. As of now, numerous corporate companies, hospitality centers, and commercial establishments are adopting GPON technology on a large scale owing to its benefits such as reliability, compatibility, recyclability, and safety. The ongoing technology advancements in GPON infrastructure will further enhance the GPON technology industry outlook over the years ahead.
Europe GPON Market Revenue, By Application, 2017 & 2024 (USD Million)
Pertaining to the upgradation capability and flexibility of GPON network, most of the end-users have been looking forward to endorsing GPON as the future of network technology. In India, Hinduja Group’s ONE Broadband deployed GPON technology at its business centers to provide high-speed service to the customers. It also used Nokia’s broadband network gateway to enhance the access to the video, voice, and data services. With the help of GPON technology, ONE Broadband had been able to fulfil customers’ requirement of ultra-broadband speed regardless of network congestion. The surging popularity of OTT, 4K video transport, and ultra-high-speed broadband has thus accelerated the GPON technology market share considerably.
In order to tap the benefits of GPON technology, leading cable TV and broadband service providers have been upgrading their network infrastructure by adopting most advanced GPON facility. For instance, in India, GTPL Hathway Limited which is topmost cable TV and broadband service provider has upgraded its broadband service to GPON FTTX technology in 2018. After upgrading the existing network infrastructure, it started providing high-speed Internet connections of 40 Mbps and 100 Mbps plans with affordable monthly charges.
In the Asia Pacific, the growing penetration of IT and telecommunication companies along with the increasing investments in the network infrastructure developments have been propelling GPON technology market size. The growing adoption of next-generation technologies and initiatives taken by the governments of various countries to develop smart cities have also been impacting the product demand. In addition, numerous provincial governments have been signing long-term deals with telecommunication companies to deploy GPON technologies which would further strengthen APAC GPON technology market share. For instance, in the month of May 2018, the Telangana government signed a deal with mobile phone manufacturing company located in Hyderabad, Celkon Impex Limited to deploy GPON manufacturing facility for South Korean company DASAN Network Solutions. This Indo-Korean collaboration is expected to provide optic fiber connectivity to numerous households.
The advent of GPON is not only transforming IT infrastructure but also reducing the challenges ahead of the mining industry. The extremes of temperature, labor force retention, location, and infrastructure costs are the few of the challenges faced by the mining industry players. The deployment of GPON on the mining sites has overcome the challenges of a harsh environment, social and geographical isolation owing to its high bandwidth and power saving service through which mining companies deliver high-speed data to their remote workforces. The onsite team also can change the technology just by upgrading existing services with the help of GPON network that reduces the investment required for the replacement of thousands of kilometers of new cabling.
It is profound to mention that increasing deployment of GPON technology will transform the future technology needs and digital facilities. The TV, phone, and Internet service providers are investing heavily in the gigabit passive optical network infrastructure to deliver better user experience, which will further have a notable impact on the industry trends over the years ahead. Driven by rapid industrialization and digitization across the globe, GPON technology market will surpass a revenue collection of USD 16 billion by the end of 2024.
