GPON technology or Gigabit Passive Optical Network technology has come a long way since its commencement. The technology started in the late 1990s when the National Security Agency and the US Department of Defense began finding ways to transmit humongous amounts of data securely and promptly. The goal was to make a system impervious to hacking, interference, and other security threats.
The technology was first deployed for secure military communication to fulfill the requirement of reliability. With the progression of research, this technology evolved as the most promising solution for secure data transmission. The gigabit passive optical network or GPON transmits data through light pulses by using thin strands of glass. In this blog, we will delve deep into the various aspects associated with the GPON market.
Applications of GPON Technology
Voice services
A recent survey conducted by Research Nester found that the average annual cost of dropped calls ranges from USD 1 million to USD 4 million within healthcare alone.
Not only in healthcare, the issue of call drops has become a constraint in the growth of various businesses. To eradicate this issue, market players are opting for GPON services for the smooth functioning of businesses. GPON offers an upstream bandwidth of almost 1.25 Gbps and a downstream bandwidth of up to 2.5 Gbps.
Video Services
Video marketing allows businesses to connect with their consumers more engagingly. The procedure allows brands to showcase their products or services. Some of the data conducted by Research Nester states that:
- 88.2% of marketers say that video is an important part of their marketing
- 52.4% of companies create videos to educate their audience
- 75.2% of people watch short video content
Hence, the demand for video-on-demand services is on the rise in various sectors. GPON technology is also widely adopted to fulfill this purpose, as it provides video services such as IPTV, provides high-speed internet, and renders high-quality video services to end users.
Commercial broadband
The domain of Information and Technology is rising exponentially. For instance, in the year 2019, there were more than 557,100 software and IT companies in the United States. These companies are installing commercial broadband services for the business for stronger and more stable internet connections.
GPON technology is widely used to provide high-speed internet and other services to commercial users such as IT firms, hospitals, schools, etc. It is a cost-efficient solution for businesses needing high-speed internet speed and other services.
Residential broadband
In the year 2023, a report published by Benton the Institute for Broadband & Society states that almost 92% of households get internet service at home. A plethora of people are opting for GPON technology to render high-speed internet and other services to residential users.
GPON Market Analysis
The GPON market garnered USD 5.4 billion in the year 2023 and is anticipated to reach USD 12 billion by 2036. Some of the factors that are augmenting the growth of the market are:
- Surge in demand for GPON networks for quadruple play and triple play services
- The advancements of GPON technology in the deployment of 5G networks
- Rising demand for supreme-quality fiber
- Increase in government funding and initiatives
- Rise in urbanization and smart city projects
- Increase in demand for bandwidth-intensive applications
- Adoption of GPON mobile backhauling
- Rising preference for optic fiber technology
However, factors such as exorbitant installation prices and lack of understanding regarding GPON technology are acting as growth-hindering factors in the domain.
Some of the prominent market players in the domain are Huawei, Cisco, ZTE, Nokia, Calix, FiberHome, DASAN Zhone, Allied Telesis, ADTRAN, Iskratel, Alphion, Iskaratel, Unizyx, etc.
Additionally, it has been anticipated that the GPON market in the US will garner USD 4 billion by 2033. The growth of the market can be attributed to the surge in telecommunications and the growth of software firms. Other than this, the Asia-Pacific region is also offering lucrative growth opportunities for the market. For instance, China’s GPON technology market is anticipated to reach USD 839 million by the end of 2033. The growth of the market can be attributed to the rising demand for 5G services in the region.
Conclusion
The above discussion illustrates that the GPON market is offering worthwhile opportunities for growth. However, for budding as well as well-established businesses that are planning to encash profit from the market, exhaustive research is required. A comprehensive market research report consists of imperative parameters such as growth-driving factors, market constraints, regional analysis, etc. These details help make crucial business decisions and excel in the competition. A detailed discussion regarding these parameters is also crucial for businesses to carve out a niche for themselves. An excellent market research company is capable of resolving doubts and finding appropriate solutions for the business.
Source: https://www.researchnester.com/reports/gpon-market/5345
