Blockchain Press Releases
Dark Fiber Market worth $11.9 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 22, 2023 /PRNewswire/ — The Dark Fiber Market is projected to grow from USD 6.6 billion in 2023 to reach USD 11.9 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the dark fiber market is driven by rising demand for 5G network, increasing demand for internet bandwidth, growing demand for reliable and secure network are the major factors driving growth of the dark fiber market.
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Browse in-depth TOC on “Dark Fiber Market”
157 – Tables
54 – Figures
243 – Pages
Dark Fiber Market Report Scope:
|
Report Coverage  |
Details |
|
Market Revenue in 2023 |
$6.6 billion |
|
Estimated Value by 2028 |
$11.9 billion |
|
Growth Rate |
Poised to grow at a CAGR of 12.5% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Single-mode Fiber, Multimode Fiber, Network Type, Material, End User and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Lack of proper monitoring systems |
|
Key Market Opportunities |
Augmented global demand for data centers |
|
Key Market Drivers |
Rising demand for 5G network |
By type, the single mode fiber are projected to hold the largest share of the dark fiber market during the forecast period.
The single mode fiber segment held the larger market share in 2022 and is expected to exhibit a higher growth during the forecast period. Single mode fiber is best suited for longer transmission distances, such as multi-channel television broadcast systems and long-distance telephony. Also, single mode fiber has lower fiber attenuation and transmits more information per unit of time than multimode fiber.
By network type, long haul segment is projected to exhibit highest CAGR for the dark fiber market during the forecast period.
The long-haul segment held the largest share of the dark fiber industry in 2022 and is estimated to grow at the highest CAGR during the forecast period. Long haul dark fiber is increasingly being used in video transmission, cloud computing, and 5G/4G/LTE mobile applications. These networks constitute the backbone of global networks wherein cost-effective upgrades and expansion to 100G and beyond are essential. The long-haul networks are widely applied in undersea cabling across long oceanic distances and at notional demarcation lines, thus attracting the participation of several dark fiber ecosystem players in terms of investments. For instance, in February 2023, Bharti Airtel (India) selected Ribbon Communications to deploy long-haul DWDM network. The deployment is based on a disaggregated approach, as part of Airtel’s modernization strategy to offer cost-effective 5G mobile backhaul and enterprise business connectivity through Northwestern India.
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North America is expected to hold the largest share in the market by 2028.
The North American region is expected to hold the largest share of the dark fiber market during the forecast period. North America is the largest contributor to the dark fiber market due to the presence of dark fiber service providers in the US, including AT&T, Verizon Communications, Inc., CenturyLink, Inc., Consolidated Communications, and Exa Infrastructure (GTT communications Inc.) An increase in the use of data centers across various business verticals and the early adoption of the latest technologies are expected to contribute to market growth. Various US-based companies, such as Amazon Web Services (AWS), Google, and Microsoft, are increasing their investments in data center construction. The growth will be driven by the US, wherein data centers manage the high volume of data generated, which fuels the market growth. Data centers use dark fiber optic cables to save on costs, improve latency, and provide redundancy. In North America, companies are focusing on expanding the fiber network proving high speeds. Several carriers, municipalities, and planned communities across the US are deploying smaller fiber networks. Cities such as Bristol, Virginia; Burlington, Vermont; Lafayette, Louisiana; Johnson City, Tennessee; Orono, Maine; Minneapolis, Minnesota; and the six counties around Chattanooga, Tennessee are served by the Electric Power Board.
Key Market Players
Major vendors in the dark fiber companies include AT&T (US), Verizon Communications, Inc. (US), CenturyLink (Lumen Technologies) (US) Colt Technology Services Group Limited (UK), Comcast Corporation (US), Consolidated Communications (US), Exa Infrastructure (GTT Communications, Inc.) (US), CenturyLink, Inc. (US), NTT Communications Corporation (Japan), Verizon Communications, Inc. (US), Windstream Communications (US), and Zayo Group, LLC (US), are some of the key players in the dark fiber market.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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