The escalating demand for high internet speed for use across a plethora of applications may invite immense growth prospects for the fiber to the home market across the forecast period of 2019-2029. Optical fiber cables offer a plethora of benefits when compared to conventional cables. High bandwidth and superior quality video streaming are some of the advantages that optical fiber cables provide. This factor may prove to be an expansive growth generator for the fiber to the home market.
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Work-From-Home Raising Good Growth Prospects
The widespread demand for rapid internet speed due to the heightening popularity of the work-from-home culture due to the novel coronavirus pandemic may bring expansive growth opportunities for the fiber to the home market. Furthermore, the culture of WFH is spreading across tier-2 and tier-3 cities. This aspect may bring great growth prospects for the fiber to the home market.
Large-Scale Investments Impacting Growth Rate Positively
The escalating interest of investors across the fiber to the home market may help in gaining extra stars of growth. For instance, Saudi Arabia’s Public Investment Fund (PIF) is planning to invest as much as $1 bn in Reliance Jio’s fibre assets. Many more similar developments are taking place across the fibre to the home market, eventually laying a red carpet of growth.
Asia Pacific to harness maximum growth
Asia Pacific to Bag Title of Largest Regional Growth Contributor
Asia Pacific may emerge as a champion growth contributor for the fiber to the home market during the assessment period of 2019-2029. Various government initiatives across densely populated countries such as China and India may help in increasing the growth rate. The Indian Electronics Ministry is aiming to offer nearly 5 lakh fiber to the home connections through the BharatNet project. The expansion of broadband across remote and rural areas through government support is also inviting tremendous growth prospects.
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