The surge in the growth of data and the need for broadband data services is fueling an increase in the Dark Fiber Network Operators industry revenue. According to a study by IBISWorld, by the end of this year, revenues will grow at an average annual rate of 3.7 percent to reach $986.2 million.
“As the amount of data and broadband use has grown, demand for networks that support communication has increased as well, thus supporting industry revenue growth,” said Nikoleta Panteva, analyst at IBISWorld. Despite a slowdown during the recession, Panteva reports that, “The combination of increased broadband connections and rebounding corporate profit has supported strong revenue growth during the past five years.”
In addition to capacity, users are looking for high quality, low latency routes. The financial market vertical, where every millisecond counts, depends on ultra-low latency connectivity to conduct lightning-fast trading. Cross River Fiber, a New Jersey-based, boutique dark fiber optic and telecommunications solutions provider, is meeting the growing demand by designing, constructing and managing carrier independent dark fiber routes throughout the State of New Jersey.
Cross River Fiber has completed a new fiber route which represents the most diverse and shortest linear fiber distance, which is 23.25 kilometers, between two key carrier hotels servicing the financial services markets. The fiber network they are constructing will provide the financial services, government, education and healthcare sectors throughout the State of New Jersey the highest quality network solutions available in the market.”
An improving economy and continued increase in demand for data services will continue to drive revenue growth. This will compel operators to seek a competitive edge that allows them to offer a broader, faster dark fiber network. Cross River Fiber continues to grow its ultra-low latency fiber routes to handle the enormous industry growth.