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The global dark fiber market is projected to reach USD 8.7 billion by 2026 from an estimated USD 5.2 billion in 2021, at a CAGR of 11% from 2021 to 2026.
Rising demand for 5G networks and increasing demand for internet bandwidth is among the factors driving the growth of the dark fiber market.
Single mode fiber segment held the major share of dark fiber market
Based on type, the single mode fiber segment is estimated to hold a larger share of the dark fiber market compared to the multimode fiber segment in 2021, and this segment will continue to hold a dominant market position during the forecast period. Single mode fibers are best suited for longer transmission distances, such as multi-channel television broadcast systems and long-distance telephony.
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to reach USD 210.07 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 23.6% from 2021 to 2028. The growing preference for combining unified communication and IoT is expected to open new growth opportunities for the market. The ability of cloud-based unified communication solutions, along with IoT devices and solutions, to enable real-time connectivity and contribute to process automation is particularly expected to encourage enterprises to shift from conventional communication to UCaaS solutions. UCaaS (Unified Communication as a Service) can also help in convenient employee collaboration as employers can flexibly hire resources from a more comprehensive geographical range and onboard them through personalized self-guided walkthroughs and training material.
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