GPON Market for Smart Cities: Building Sustainable and Connected Communities
The Gigabit Passive Optical Network (GPON) Market is anticipated to expand at a steady rate. With a Compound Annual Growth Rate (CAGR) of 5.8%, it is anticipated that the market would grow in size from USD 6.3 billion in 2020 to USD 8.3 billion by 2025. The fundamental reason for the GPON technology's widespread use in a variety of applications, including triple-play services, fiber-to-the-building (FTTB), and fiber-to-the-home (FTTH) services, is that it offers increased bandwidth in comparison to other legacy technologies. The rising demand for high-speed internet services and the expanding use of fiber-optic networks are predicted to fuel market expansion. The market is expanding as a result of rising demand for triple- and quadruple-play services over the GPON network, rising demand for high-speed internet services, improvements in GPON technology, and the testing and rollout of the 5G network. The need for GPON networks is rising as a result of the desire for quicker ...