The Global Fiber Management Systems Market size is expected to reach $6.3 billion by 2028, rising at a market growth of 10.1% CAGR during the forecast period.
The administration of optical fiber connections from the exterior of the fiber rack to the fiber routers is done by a system known as a fiber management system (FMS). The FMS approach is used to manage a fiber network. It keeps track of all system characteristics and actions, including schematic layout, asset placements, mechanical/fusion splice points, and more. The generation and dissemination of cable capacity reports, the estimation of total cable lengths, the recording of fiber cable locations, splicing records, the confirmation of the existence of black fiber cables, and the investigation of fiber breakage are some of its uses.
Nowadays, a typical Fiber Network Management System (FNMS) can compile all that data into a location-aware relational database with a user-friendly front-end map, simplifying several operations that formerly required several mouse clicks. Finding the path, a fiber takes across a network is now easy and instructive. The software known as the FNMS serves as the command center for the network's resources, particularly the fiber. The FNMS is the most crucial system a network operator will invest in since fiber is the most critical asset a fiber network operator possesses.
Cable routing pathways make up the initial part of fiber cable management. The poor routing of fibers by technicians is one of the main reasons for bend radius violations. Hence this aspect is connected to the minimum bending radius of fiber cable. Routing paths need to be well-defined and simple to follow. These routes must be planned so the technician can only correctly route the wires. A fiber network that is difficult to administer results from leaving cable routing to the technician's creativity.
The pandemic has caused a rise in interest in work-from-home jobs and online learning programs. This significant increase has sped up the implementation of 5G and internet connectivity infrastructure. Telecom companies globally will start investing significantly in developing 5G communication infrastructure in 2022 to fulfill the rising demand for high bandwidth and reliability. Fiber optics are the cornerstone of the 5G communication infrastructure. The increasing use of 5G infrastructure will open up new, rapidly expanding business opportunities for fiber optics manufacturers after the pandemic. This will also surge the demand for fiber management services market growth.
Streaming media is another significant source of Internet traffic. Users may access video and audio content on demand from websites, generally on low-bitrate streams that won't likely slow down a home Internet connection. The entire bandwidth demand, however, might cause problems for businesses in large organizations where dozens or even hundreds of users may utilize these services concurrently. One may control this traffic by blocking access to certain services or reducing their capacity at the firewall. The growing number of smartphone users and the factors mentioned above are expected to increase internet traffic globally, which will increase the need for uninterrupted high-speed internet connection, which can be attained by fiber management systems, thereby boosting the market growth.
Inventory management and tracking are made simple by IoT, which also facilitates inventory management. Integrating IoT software and hardware in storage facilities such as warehouses makes this viable. Employees may concentrate on cognitively demanding jobs because IoT handles inventory management. With the help of blockchain apps that use smart contracts to speed up the process, many businesses are transitioning to a decentralized way of tracking management. The increased IoT usage will surge the demand for high-speed data, which in turn will drive the demand for the fiber management systems market's growth.
As problems with a wired network can't be easily fixed by software, maintaining one might be challenging. The IT crew must first identify which cables, routers, or other equipment are causing the problems before they can start fixing problems with a wired network. The truth is that wired networks require wires, and as a business adds more devices, they also need more connections. Without adequate cable management, companies can find themselves in an office overrun by cords, which, if improperly installed, could even pose a safety risk. A wired connection's difficulty may restrict its utilization and thereby hinder the growth of the fiber management systems market.
Based on type, the fiber management systems market is segmented into fiber cassette, fiber optic boxes and others. The fiber optic boxes segment held the highest revenue share in the fiber management systems market in 2021. This is due to an increase in data traffic and bandwidth demand. The growth in popularity of smart and connected gadgets, the rollout of fiber optic networks by telecom service providers, and the rise in internet users all contribute to the segment's growth. Fiber optic boxes are management items with a box shape used to distribute and safeguard optical fiber cables.
On the basis of application, the fiber management systems market is divided into telecommunications, public sector, power utilities, healthcare, industrial automation and others. The power utilities segment procured a significant revenue share in the fiber management systems market in 2021. This is because several power utility firms have put fiber-optic communication networks in place to monitor their power grid systems. One of the most popular cable technologies power companies utilize is an optical ground wire (OPT-GW). The utility firm will improve efficiency by networking operation centers, power-generating plants, and substations via a fiber optic infrastructure. These characteristics will boost the segment's growth in the forecasted period.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 3.2 Billion |
| Market size forecast in 2028 | USD 6.3 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 10.1% from 2022 to 2028 |
| Number of Pages | 182 |
| Number of Table | 294 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Application, Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the fiber management systems market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated the highest revenue share in the fiber management systems market in 2021. This is due to the increased investment by regional governments in deploying and developing smart infrastructure solutions in both the private and public sectors. Also, there is a sharp increase in investment by major companies and governmental organizations to support the telecommunications industries. The increasing investments and smart infrastructure development are expected to surge the market expansion in the projected period.
Free Valuable Insights: Global Fiber Management Systems Market size to reach USD 6.3 Billion by 2028
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; 3M Company and Eaton Corporation PLC are the forerunners in the Fiber Management Systems Market. Companies such as Molex, LLC (Koch Industries, Inc.), Corning Incorporated and HUBER+SUHNER AG are some of the key innovators in Fiber Management Systems Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Eaton Corporation PLC, Corning Incorporated, Belden, Inc., HUBER+SUHNER AG, Molex, LLC (Koch Industries, Inc.), Phoenix Contact GmbH & Co. KG, RackOm System, Santron Electronics, and Panduit Corporation.
By Application
By Type
By Geography
The global Fiber Management Systems Market size is expected to reach $6.3 billion by 2028.
Growing internet traffic are driving the market in coming years, however, The difficulty with wired communication networks restraints the growth of the market.
3M Company, Eaton Corporation PLC, Corning Incorporated, Belden, Inc., HUBER+SUHNER AG, Molex, LLC (Koch Industries, Inc.), Phoenix Contact GmbH & Co. KG, RackOm System, Santron Electronics, and Panduit Corporation.
The Telecommunications market acquired the maximum revenue in the Global Fiber Management Systems Market by Application in 2021, thereby, achieving a market value of $2.2 billion by 2028.
The Asia Pacific market dominated the Global Fiber Management Systems Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.3 billion by 2028.
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