Over the past decade, home internet adoption in the US has grown steadily and accelerated during the pandemic, when approximately 8M households signed up for home internet service. Parks Associates estimates over 105 million US households will have high-speed internet delivered to their home by 2023. Overall internet adoption – including mobile broadband-only households – will reach 119M.
Read MoreThe prospects of inflation and a global recession are a common variable that will influence how network service providers (NSPs) in different regions assess their strategic customer premises equipment options (CPE) for 2023. That said, local market conditions will determine the pace at which new technologies are deployed and new services adopted for connected home applications, according to Mercedes Pastor, Senior Vice President of VANTIVA's Global Customer Unit, in an interview with journalists during CES 2023.
"There have always been significant regional differences in how consumers receive connected home applications. In 2023, however, we will likely see more stratification across geographies as NSPs assess the specific impact that major economic and geopolitical events have on their markets," she says.
With telecommunication service providers and cable television multiple system operators (MSO) continuing their fiber build-outs, the market for fiber optic test equipment (FOTE) is expected to grow from $781.3 million in 2018 to $1.31 billion in 2025. The lack of fiber expertise among access network technicians and the sheer volume of fiber deployments required in a short time will enable innovative FOTE manufacturers to differentiate themselves in the market.
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