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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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Consumer Watchdog Saves Policyholders More Than $53 million with 21st Century, USAA, and Liberty Insurance Rate Hike Challenges

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LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Consumer Watchdog recently reached settlement in three challenges to double-digit rate hikes requested by 21st Century Insurance Company for its auto policies, United Services Automobile Association (“USAA”) for its homeowners, renters and condo policies, and Liberty Insurance Corporation for its homeowners policies. Consumer Watchdog’s advocacy resulted in a total savings of more than $53 million for California policyholders. The three companies’ newly-approved rates will take effect for all new and renewal policies between November 18, 2024 and February 12, 2025, and will impact over 671,000 policyholders combined. 

According to Consumer Watchdog’s analysis of the rate filings, the companies were overstating projected losses, causing their proposed rates to be excessive by millions of dollars. “Given the current state of the California insurance market, with insurer-created shortages and massive rate increases, it’s important that applications are closely scrutinized,” said Consumer Watchdog Staff Attorney Benjamin Powell. “Consumers’ seat at the table to challenge excessive rates is critical, especially when insurance companies are requesting multiple major rate hikes in the same year.”

In each case, Consumer Watchdog successfully advocated for lower overall rate increases under Prop 103 and prior approval rate regulations, which require insurers to justify all rate changes prior to implementation. 

Company/Line of Insurance

% Overall Rate Increase Requested

% Overall Rate Increase Approved

$ Savings 

Date Approved

Effective Date

21st Century/Auto

18.4 %

15.9 %

11.56 mill

10/2/24

11/18/24

USAA/Homeowners, Renters, Condo Owners

20.2 %

16.8 %

10.37 mill

10/4/24

2/12/25

Liberty Insurance Corp. /Homeowners

29.1 %

16.5 %

31.08 mill

10/2/24

12/10/24

 

In the 21st Century proceeding, the company initially sought a rate increase of 18.4% to its automobile insurance policies. This request followed a prior $29 million dollar rate increase effective January 2024. Consumer Watchdog challenged the rate hike as excessive under Prop 103 and the Department’s ratemaking regulations, specifically challenging 21st Century’s projected losses as being inflated for giving too much weight to recent losses. Additionally, Consumer Watchdog alleged that 21st Century’s method for projecting Bodily Injury and Uninsured Motorist claims would have resulted in excessive rates. Finally, Consumer Watchdog argued that 21st Century was trying to charge consumers for institutional advertising (ads designed to improve the company’s image rather than aimed at selling specific insurance products), in violation of state rules. (Read Petition)  

Consumer Watchdog requested that 21st Century provide further information to substantiate its application, and successfully advocated for a lower rate increase of 15.9%, representing a savings to California policyholders of more than $11.5 million. (Read Stipulation

In the USAA proceeding, the company sought an overall rate increase of 20.2% for its homeowners, condo and renters policies combined, which would have cost California policyholders an overall $53 million. Consumer Watchdog challenged the rate hike as excessive, calling out United Services’ projected losses as being overinflated. Consumer Watchdog also alleged that USAA was in violation of the rules by failing to provide required information to the Department to substantiate its loss projections. Finally, Consumer Watchdog argued that USAA, like 21st Century, had failed to properly exclude expenses for institutional advertising. (Read Petition)  

Consumer Watchdog requested that USAA provide further information in order to substantiate its claims about losses and other information in its application. Consumer Watchdog ultimately achieved a lower rate increase of 16.8%, saving California policyholders a total of more than $10 million. (Read Stipulation)

In the Liberty proceeding, the company sought an overall rate increase of 29.1% for its homeowners insurance policies, at a total cost to California policyholders of over $67 million. Consumer Watchdog argued that the requested rate increase was excessive. As with the 21st Century and USAA filings, Consumer Watchdog argued that Liberty’s trend selections overstated the projected losses, leading to an inflated rate indication. Additionally, Consumer Watchdog challenged Liberty’s claim that only 1% of its advertising expenses were “institutional” in nature. (Read Petition)

Consumer Watchdog sought additional information from Liberty that would support its trend selections and institutional advertising percentage. Through this information exchange Consumer Watchdog convinced the Department that Liberty’s institutional advertising percentage should be 100%, not 1%. 

“Consumers are inundated with ads from insurance groups, with nearly 10% of all television advertising expenses coming from insurers,”[1] said Consumer Watchdog staff attorney Ryan Mellino. “Prop 103 protects consumers from paying for general advertising. If insurers are going to expend billions of dollars in collected premiums on ads, that expenditure must be properly reflected in their rate filings.” 

Consumer Watchdog ultimately agreed that a 16.5% rate increase, reflecting just over half of the 29.1% increase Liberty initially sought, was reasonable, saving policyholders over $31 million. (Read Stipulation)

California’s voter-approved insurance reform law, Proposition 103, requires that insurers open their books and prove they need to raise rates in a process subject to full transparency, in which consumer representatives have the right to review and challenge improper rates and practices. According to the Consumer Federation of America, Prop 103 has saved California motorists over $154 billion since 1989. Consumer Watchdog has saved California consumers over $6 billion over the last 22 years by challenging excessive and unfair auto, home, business, and medical malpractice rates.

For more information about Proposition 103 visit: https://consumerwatchdog.org/prop-103/

[1] Doug Bailey, Insurance industry ads continue to be among top watched, InsuranceNewsNet, Aug. 22, 2022, https://insurancenewsnet.com/innarticle/insurance-industry-ads-continue-to-be-among-top-watched.

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SOURCE Consumer Watchdog

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Therap Services Enhances Healthcare Efficiency with Secure Document Signing Module for Streamlined Digital Signatures

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TORRINGTON, Conn., Nov. 5, 2024 /PRNewswire/ — Therap Services, the national leader in providing HIPAA-compliant electronic documentation solutions to organizations and caregivers in the LTSS, HCBS, and broader human services settings is excited to introduce the Secure Document Signing Module (SDS) for streamlined digital signatures. This innovative module is set to transform how agencies manage document signing, offering enhanced security and operational efficiency.

The Secure Document Signing (SDS) Module from Therap Services provides a streamlined approach for users to upload PDF documents, assign appropriate Therap users to apply their signatures or initials, and then make these documents available for signing. Once published, these documents appear in the designated signers’ “To Do” tabs, simplifying the process of adding signatures. The module also offers the capability to download signed documents and re-upload them to Therap platform to confirm their authenticity, ensuring they have not been altered after signing.

The SDS module is versatile, supporting various document types such as Agency, Individual, Case Notes, and Individual Plan, making it a comprehensive solution for the healthcare sector’s diverse documentation needs. It allows agency-wide administrators and those in specific administrative roles to create SDS documents for organizational use, while providers with specific caseload roles can generate documents for individual cases. This integration with existing Case Note and Individual Plan workflows introduces a “Secure Document Signing” section for users with designated roles, streamlining the documentation process further.

The process of using the SDS feature is user-friendly; agencies or individuals simply upload the needed PDF to the Therap system. The interface is intuitive, facilitating the easy marking of areas on the document where signatures or initials are required. Once the document is ready and published, signees can apply their signatures as outlined. The system also provides functionalities to search, sign, update, and discontinue SDS documents, enhancing the efficiency of document management.

With the introduction of the SDS module, Therap continues to lead in the enhancement of digital solutions within healthcare. This module not only simplifies the document signing process but also enhances security and usability, fostering a more effective digital workflow for healthcare professionals.

For more information, visit https://www.therapservices.net/products/comprehensive-esolution-for-person-centered-services/

About Therap

Therap’s comprehensive and HIPAA-compliant software is used in human services settings for documentation, communication, reporting, EVV and billing.

Learn more at www.therapservices.net.

Related Links

http://www.therapservices.net

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SOURCE Therap Services

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Mutually Human Expands Expertise Through Strategic Merger with SpinDance, a Leading Software Innovator

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Mutually Human, a leading digital engineering firm specializing in artificial intelligence, data, and software development, is excited to announce its merger with SpinDance, a full-stack IoT solutions provider and software development company known for its deep expertise in embedded systems, cloud platforms, and user interface design.

GRAND RAPIDS, Mich., Nov. 5, 2024 /PRNewswire-PRWeb/ — Mutually Human, a leading digital engineering firm specializing in artificial intelligence, data, and software development, is excited to announce its merger with SpinDance, a full-stack IoT solutions provider and software development company known for its deep expertise in embedded systems, cloud platforms, and user interfaces. The combined entity will operate under the Mutually Human brand, enhancing its service offerings and providing even greater value to clients.

Together, we’ll continue to help organizations innovate by addressing both their current and emerging needs, especially in the rapidly growing areas of IoT and embedded software.

SpinDance, which recently celebrated 24 years in business, brings deep capabilities in embedded and IoT software to the merger, expanding Mutually Human’s reach into these areas. With a shared focus on client relationships, personalized service, and deep technical capabilities, the combined company is positioned to offer comprehensive digital solutions, empowering clients to navigate today’s complex technology landscape.

“We are thrilled to join forces with SpinDance, a company whose values, culture, and expertise align so well with our own,” said Jason Kuipers, President of Mutually Human. “This merger not only strengthens our core capabilities but also enables us to deliver more holistic, future-proof solutions for our clients. Together, we’ll continue to help organizations innovate by addressing both their current and emerging needs, especially in the rapidly growing areas of IoT and embedded software.”

Both Mutually Human and SpinDance are deeply rooted in the technology community, each having built strong reputations for innovation, technical expertise, and client service. This merger solidifies their commitment to maintaining these values while expanding their ability to offer cutting-edge digital transformation solutions.

“We are proud to join Mutually Human in this new chapter,” said Kim Burmeister, CEO of SpinDance. “For over two decades, SpinDance has been helping businesses solve critical challenges through software development. By merging with Mutually Human, we can leverage our shared strengths to better serve our clients and continue driving innovation through meaningful digital solutions.”

This merger marks a milestone for both companies, bringing together two trusted names in software development and digital transformation to provide a wider range of services to clients both regionally and beyond.

Century Technology Group, Mutually Human’s parent company, offered key support and strategic direction during the merger. Dedicated to promoting growth and innovation, Century Technology Group plays an essential role in shaping Mutually Human’s strategic decisions and long-term success.

About Mutually Human

Mutually Human is a full-service digital engineering firm that addresses complex business challenges with a focus on People, Process, and Technology. By harnessing the power of Artificial Intelligence, Data, and Software, they help companies optimize operational efficiency, drive data-informed decisions, and elevate the customer experience. Mutually Human collaborates closely with clients to create and implement technology that’s intuitive, outcome-driven, and empowers organizations to achieve more with less. For more information about Mutually Human, visit www.mutuallyhuman.com.

About SpinDance

SpinDance designs and develops fully integrated, custom software systems that bring products to life with elegant, compelling user experiences. Their passion for crafting the highest quality solution, combined with their big-picture, human-centered systems approach, results in innovative products that just work. Their in-house team can help you take a product from ideation through planning and development to growth and scale – using embedded, cloud, web/mobile, and machine learning technology. Their highly skilled team is motivated, nimble, easy to work with, and above all, dedicated to your success. For more information about SpinDance, visit www.spindance.com.

About Century Technology Group

Century Technology Group is a family office based in Grand Rapids, MI. The firm partners with proven operating leaders to provide growth capital, administrative resources, and managerial consulting to promising technology-led businesses with strong core products, services, or capabilities. Their portfolio companies also include MindSpring, a global leader in digital content production, and Talent Strategy, a professional search and recruiting firm. For more information, please visit www.centurytechgroup.com.

Media Contact
Joel Ippel, Mutually Human, 1 6164754225, joel.ippel@mutuallyhuman.com, www.mutuallyhuman.com

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SOURCE Mutually Human

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