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AI Fuels Transformation in Dark Fiber Market, Projected to Grow by USD 9.4 Billion from 2024 to 2028 Due to Rising Global Internet Traffic

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global dark fiber market size is estimated to grow by USD 9.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.19%  during the forecast period. Rise in global internet traffic is driving market growth, with a trend towards increasing global connectivity projects. However, high initial investments and leasing cost of dark fiber  poses a challenge. Key market players include AiNET, AT and T Inc., CityFibre Holdings Ltd., Consolidated Communications Holdings Inc, Crown Castle Inc., DataWeb BV, Eurofiber Nederland B.V., EXA Infrastructure., Fatbeam LLC, FiberLight LLC, Frontier Communications Parent Inc., Horizon, Lumen Technologies Inc., Microscan Infocommtech Pvt Ltd., Neos Network Ltd, Nippon Telegraph and Telephone Corp., Quebecor World Inc, Sterlite Power Transmission Ltd., Verizon, Windstream Intellectual Property Services LLC, and Zayo Group LLC.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Dark Fiber Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.19%

Market growth 2024-2028

USD 9428.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.37

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 41%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

AiNET, AT and T Inc., CityFibre Holdings Ltd., Consolidated Communications Holdings Inc, Crown Castle Inc., DataWeb BV, Eurofiber Nederland B.V., EXA Infrastructure., Fatbeam LLC, FiberLight LLC, Frontier Communications Parent Inc., Horizon, Lumen Technologies Inc., Microscan Infocommtech Pvt Ltd., Neos Network Ltd, Nippon Telegraph and Telephone Corp., Quebecor World Inc, Sterlite Power Transmission Ltd., Verizon, Windstream Intellectual Property Services LLC, and Zayo Group LLC

Market Driver

The global dark fiber market is experiencing significant growth due to the increasing emphasis on global connectivity projects. These initiatives focus on establishing high-capacity, long-haul dark fiber networks to connect different regions and continents, enhancing international communication and data transfer capabilities. Transoceanic submarine cable systems, such as the MAREA cable connecting the US and Europe, are prime examples of these projects. With eight fiber pairs capable of transmitting data at 200 terabits per second, these cables enable fast and dependable communication between continents, making them a vital component of the global telecommunications infrastructure. The ongoing investment in such initiatives underscores the importance of dark fiber in supporting the digital economy by ensuring reliable, low-latency, and high-bandwidth connections between major data hubs worldwide. This trend is driven by the expansion of cloud services, data-intensive applications, and the global nature of modern businesses, and will continue to fuel the growth of the global dark fiber market. 

The Dark Fiber market is experiencing significant growth due to the increasing demand for high-speed connectivity and low-latency in urban areas. With the rollout of 5G networks, the need for more bandwidth and reliable communication infrastructure is becoming crucial. Network operators are investing in Dark Fiber Networks, which are unlit fiber optic cables, to meet this demand. This trend is particularly relevant for telecommunications applications in industries such as Augmented Reality, Virtual Reality, Autonomous Vehicles, and OTT Platforms. GTT Communications, Landmark Dividend, Unite Private Networks, Crown Castle, NexGen Networks, Sorrento Networks, FirstLight, Windstream, and others are key players in this market. Dark Fiber is cost-effective for businesses requiring large bandwidth, making it an attractive option for industries like Oil and Gas, Military and Defense, and Medical. With enhanced security features and fiber optic communications, Dark Fiber Networks offer reliable and efficient network management for Internet Bandwidth and Connectivity, making it a valuable asset in the Telecom Industry. 

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Market Challenges

The global dark fiber market faces significant challenges due to the high upfront investments and leasing costs required to activate the dark fiber. Establishing a dark fiber connection involves integrating necessary equipment, such as amplifiers, filters, receivers, and transmitters, which adds to the overall expense. These costs are typically passed on to customers. Leasing dark fiber prices vary depending on the location and bandwidth requirements, with examples like Palo Alto Utilities charging USD213USD425 per month per mile for one fiber strand, while others impose a licensing fee of USD5,000 and an annual maintenance fee of USD2,000. Upgrading and expanding the network capacity necessitates replacing and upgrading existing equipment, leading to additional costs. Identifying faults in long-haul optical fiber networks can be time-consuming and costly, further hindering market growth during the forecast period.The Dark Fiber market is experiencing significant growth due to increasing bandwidth needs for digital transformation, intelligent machine networking, and the rise of technologies like 5G, Edge Computing, AI, AR, and VR. Optical Technology Devices pose integration challenges for customized networks, requiring scalable solutions for handling sensitive data. Long-haul and metro networks dominate, with single mode fiber and glass fiber leading the way. However, logistical complexities and personnel training are key hurdles. The BFSI sector, healthcare, railway industry, and military and aerospace rely on fiber optics for disaster recovery and high-speed internet. IT-enabled services, gaming, video streaming, monitoring systems, and cloud-based networking also drive demand. The market is diverse, catering to various industries, with fiber optic networks becoming essential for data-intensive applications and industries like BFSI, healthcare, and military and aerospace.

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Segment Overview 

This dark fiber market report extensively covers market segmentation by

Service 1.1 Long-haul services1.2 Short-haul services1.3 Colocation facilities servicesType 2.1 Multi-mode2.2 Single-modeGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Long-haul services-  The Dark Fiber market refers to the sale and lease of unused optical fiber cables and associated infrastructure. Companies can purchase or lease these cables to establish their own private communication networks, bypassing traditional service providers. Dark Fiber offers greater control, security, and cost savings, making it an attractive option for businesses with high bandwidth requirements. Its use is growing rapidly due to the increasing demand for faster and more secure data transfer solutions.

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Research Analysis

The Dark Fiber Market is experiencing significant growth due to the increasing demand for high-speed connectivity and low-latency communication in urban areas. Dark Fiber, also known as unlit fiber, is a crucial component of network infrastructure for 5G Networks and advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR). With the advent of 5G services and the growth in bandwidth demand, the need for Dark Fiber Networks is becoming increasingly essential. Fiber Optic Cables are the backbone of these networks, providing enhanced security, cost-effectiveness, and internet bandwidth for Network Operators. The Telecom Industry is investing heavily in Fiber Networks to meet the growing need for internet connectivity and HD video quality. The market for Dark Fiber is expected to grow exponentially as digital transformation continues to reshape industries, from autonomous vehicles to network management. Optical Technology Devices are also playing a crucial role in managing and optimizing the use of Dark Fiber. The future of communication relies on the ability to provide reliable, high-speed connectivity, and Dark Fiber is at the heart of this evolution.

Market Research Overview

The Dark Fiber Market is experiencing significant growth due to the increasing demand for high-speed connectivity and low-latency networks, particularly in urban areas. Dark Fiber, which refers to unlit fiber optic cables, offers cost-effectiveness to network operators and businesses seeking customized and scalable solutions. This unlit fiber is essential for 5G Networks, enabling the deployment of 5G services and supporting the bandwidth demand for applications such as Augmented Reality (AR), Virtual Reality (VR), and Ultra-High Quality Video. The telecommunications industry is undergoing digital transformation, with an emphasis on cloud-based applications, OTT platforms, and IT and telecommunications convergence. The Dark Fiber Market caters to various sectors, including Oil and Gas, Military and Defense, Medical, and Railways, among others. Network operators are investing in fiber networks to provide enhanced security and fiber optic communications for communication, network management, and internet bandwidth and connectivity. The market includes various types of fiber optic cables, such as Single-Mode and Multi-Mode, suitable for Metro and Long-Haul applications. The Dark Fiber Market also caters to the needs of various industries, including Telecom, Smart Cities, Logistics, and the Internet Service Penetration. Optical Technology Devices are essential for handling data and ensuring the scalability and customization of networks. The market is expected to grow further with the increasing adoption of 5G services, Edge Computing, Artificial Intelligence (AI), and the Internet of Things (IoT).

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceLong-haul ServicesShort-haul ServicesColocation Facilities ServicesTypeMulti-modeSingle-modeGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cineverse Appoints Rey Puentenegra as Vice President, Corporate Controller

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LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), an innovative streaming entertainment and technology company, today announced that it has hired Rey Puentenegra as Vice President, Corporate Controller. Leveraging over 20 years of combined experience across the Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions across Cineverse’s entire business. He will manage day-to-day operations of the accounting department while taking ownership of corporate accounting, regulatory and financial reporting, audit preparation, and the continual development of internal control policies and procedures. Puentenegra’s appointment is effective immediately, and he will report directly to Mark Lindsey, Chief Financial Officer of Cineverse.

For more than two decades, Puentenegra has been responsible for financial and accounting management, SEC reporting and technical accounting, IPO and SPAC consulting, and process systems implementation and optimization across public and private companies, Big 4 accounting firms, and the Public Company Accounting Oversight Board (PCAOB). Prior to joining Cineverse, Puentenegra served as Controller at YOUNGLA, a fitness and lifestyle apparel e-commerce company, where he oversaw the finance and accounting team as well as managed an outside accounting firm and the company’s primary banking relationship. He was responsible for developing and implementing the initial finance operations structure in addition to the company’s Enterprise Resource Planning. Throughout his career, Puentenegra has served in finance and accounting roles for KPMG, PricewaterhouseCoopers (PwC), Reading International, Global Eagle Entertainment, Corporate Finance Group, XOS, and Spatial Genomics. As Inspections Specialist at PCAOB, he inspected the audits of the Big 4 and mid-tier firms in both the U.S. and foreign jurisdictions.

In connection with his joining the Company, Puentenegra received stock appreciation rights (the “SARs”) for 85,000 shares of Cineverse’s Class A Common Stock (the “Common Stock”), having a ten-year term and an exercise price equal to $2.74, and vesting 1/3 on November 4 of each of 2025, 2026 and 2027. The grant of SARs is an inducement grant pursuant to NASDAQ listing Rule 5635(c)(4).

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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Cboe Global Markets Reports Trading Volume for October 2024

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CHICAGO, Nov. 5, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported October monthly trading volume statistics across its global business lines.

The data sheet “Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report” contains an overview of certain October trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Average Daily Trading Volume (ADV) by Month

Year-To-Date

Oct

2024

Oct

2023

%

Chg

Sep
 2024

%

Chg

Oct

2024

Oct

2023

Chg

Multiply-listed options (contracts, k)

10,793

11,230

-3.9 %

10,459

3.2 %

10,610

10,885

-2.5 %

Index options (contracts, k)

3,976

4,534

-12.3 %

4,130

-3.7 %

4,097

3,765

8.8 %

Futures (contracts, k)

187

292

-36.0 %

232

-19.6 %

243

227

6.7 %

U.S. Equities – On-Exchange (matched shares, mn)

1,289

1,376

-6.4 %

1,234

4.4 %

1,360

1,396

-2.6 %

U.S. Equities – Off-Exchange (matched shares, mn)1

77

81

-5.6 %

85

-9.1 %

78

81

-2.8 %

Canadian Equities (matched shares, k)

158,622

137,305

15.5 %

148,628

6.7 %

145,790

134,538

8.4 %

European Equities (€, mn)

10,534

9,277

13.6 %

10,121

4.1 %

9,681

9,498

1.9 %

Cboe Clear Europe Cleared Trades2 (k)

117,528

100,398

17.1 %

102,208

15.0 %

1,017,755

990,488

2.8 %

Cboe Clear Europe Net Settlements2 (k)

1,042

873

19.4 %

943

10.5 %

9,278

8,406

10.4 %

Australian Equities (AUD, mn)

777

719

8.0 %

891

-12.8 %

788

699

12.7 %

Japanese Equities (JPY, bn)

288

196

47.0 %

312

-7.5 %

315

174

80.5 %

Global FX ($, mn)

44,373

47,933

-7.4 %

48,096

-7.7 %

46,805

44,363

5.5 %

1 U.S. Equities – Off-Exchange ATS Block metrics restated to incorporate a tier of sell-side activity from July 2023 and forward, previously excluded from reporting.
2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. Asa of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades.

October 2024 Trading Volume Highlights

Cboe Europe

Cboe Europe Periodic Auctions reported a record average daily notional value (ADNV) of €2.5 billion, beating the previous record of €2.4 billion in September 2024.Cboe Clear Europe processed 117.5 million client trades in October, its highest monthly volumes in 2024. Additionally, it cleared its first trades on Deutsche Börse, introducing competitive clearing to the German market.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

 

Cboe Media Contacts

   Cboe Analyst Contact

Angela Tu 

Tim Cave

Kenneth Hill, CFA 

+1-646-856-8734 

+44 (0) 7593-506-719

+1-312-786-7559 

atu@cboe.com

tcave@cboe.com

khill@cboe.com

 

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor’s®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor’s or Cboe and neither Standard & Poor’s nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. 

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SOURCE Cboe Global Markets, Inc.

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Patrick Industries to Participate in Upcoming Baird Conference

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ELKHART, Ind., Nov. 5, 2024 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in Baird’s 2024 Global Industrial Conference on November 12, 2024.

Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The conference will be held at the Ritz-Carlton in Chicago.

Please contact Baird for attendance information and additional details. 

About Patrick Industries, Inc. 
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com

Forward-Looking Statements  
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. 

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SOURCE Patrick Industries, Inc.

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