Global Fiber Management Systems Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Fiber Management Systems Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A fiber management system is a software-based system management and maintenance tool that is critical to the efficiency and reliability of fiber optic networks. Fiber management systems document all fiber infrastructure and network assets, including areas, structures, cables, buildings, equipment, routes, connections, and more. The recorded data is used to design, document, and maintain fiber optic networks. Fiber management systems play a vital role in organizing and securing extensive fiber optic cable networks, enabling seamless data transmission, and facilitating efficient maintenance and troubleshooting.

Market Overview:

The latest research study on the global Fiber Management Systems market finds that the global Fiber Management Systems market reached a value of USD 428.36 million in 2023. It’s expected that the market will achieve USD 600.68 million by 2029, exhibiting a CAGR of 5.8% during the forecast period.

Benefits of fiber management systems

To improve the efficiency of the optical line design, optical facility maintenance, and management work, most organizations rely on software-based platforms, databases, and spreadsheets to hold data about optical network components, connections, and tests. A geographic information system (GIS) is a system for creating, managing, analyzing, and mapping all types of data. Fiber Management System is a flexible and integrative GIS-based geospatial asset management solution that provides a single source of accurate, up-to-date information and a comprehensive set of tools for diverse users across the enterprise. Fiber management systems are suitable for operators of all sizes and budgets and are used by customers around the world to design, build, manage, and maintain fiber optic networks. Examples include telecommunications companies, mines, utilities, transportation sectors, and network operators in data centers. This flexible work environment reduces budget and schedule risk while increasing overall productivity. The optical fiber management system has the functions of preventive maintenance of optical cable degradation, information collection when lines are interrupted, hollow core confirmation when new equipment is installed, recovery support after line damage, and network construction investigation assistance. Reports from fiber management systems can reveal network statistics such as cable segment lengths, loss budgets, network capacity, optical loss, and splice and termination sites, enabling faster and easier planning, scheduling, cable construction, and documentation. Therefore, a fiber management system is essential for efficient network management. They help reduce downtime, optimize network performance, and simplify the management of complex fiber optic networks. The fiber management systems market is experiencing a growing demand as businesses and organizations increasingly realize the benefits of these systems.

Growth in Internet traffic leading to increased construction of fiber optic networks

Global Internet usage continues to grow exponentially. According to a study by TeleGeography, global internet bandwidth was grow by 28% during 2022, at a compound annual growth rate (CAGR) of 29% between 2018 and 2022. According to Statistics, the number of unique mobile Internet users reached 5 billion in 2022, which indicates that more than 60% of the world's Internet population uses mobile devices to surf the Internet. Managing congestion requires enhanced network infrastructure to support high data speeds. The increasing use of smartphones to access the Internet is driving the demand for high-bandwidth applications. The surge in data traffic from various sources such as the Internet, e-commerce, computer networks, and multimedia has resulted in the need for a higher bandwidth transmission medium capable of handling large volumes of information. The speed and capacity of fiber optic cables are virtually unlimited, making fiber optics the best cable for high-speed Internet transmission. As the adoption of video streaming, 5G networks, IoT devices, cloud computing, and big data analytics lead to a surge in data traffic, fiber optic cables are used to meet the high volume of backhaul traffic for these bandwidth-intensive applications, ensuring reliable connections and reducing signal loss and improve network performance. Governments, telecommunications companies, and enterprises are investing heavily in deploying fiber optic infrastructure to meet the growing demand for high-speed Internet, voice services, and communication services. Fiber management systems play a vital role in organizing and securing extensive fiber optic cable networks, enabling seamless data transmission, and facilitating efficient maintenance and troubleshooting. Overall, the combined impact of new Internet devices, increased broadband penetration in developing markets, increased broadband access, and bandwidth-intensive applications will continue to drive strong growth in Internet traffic. Driven by major factors such as the increase in demand for information consumption, the advancement of optical communication transmission technology, and optical fiber and cable technology, the construction of optical fiber networks continues to increase, driving the development of the optical fiber management system industry.

Region Overview:

In 2022, the share of the Fiber Management Systems market in United States stood at 39.32%.

Company Overview:

The major players operating in the Fiber Management Systems market include Bentley, 3-GIS, IQGeo, Schneider Electric, VertiGIS, etc. Among which, Bentley ranked top in terms of sales and revenue in 2023.

Bentley Systems is the Infrastructure Engineering Software Company. Bentley is a partner dedicated to advancing the world’s infrastructure. Bentley’s commitment extends beyond delivering the most comprehensive and integrated software paired with exceptional service, training, and 24/7 technical support. For over 39 years, Bentley has served the engineers and other professionals responsible for designing, constructing, and operating sustainable infrastructure, essential to the quality of life for everyone, everywhere.

Segmentation Overview:

By type, Cloud Based segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Fiber Design and Planning segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fiber Management Systems market covered in Chapter 3:

VETRO FiberMap
GE Digital
Schneider Electric
JO Software (cableScout)
IQGeo
Ksavi Network Operations
VertiGIS
Hexagon
GDi GROUP
Synchronoss Technologies
3-GIS
FiberBase
Bentley
VIAVI Solutions
GEOGRAPH
Lepton Software

In Chapter 4 and Chapter 14.2, on the basis of types, the Fiber Management Systems market from 2019 to 2030 is primarily split into:

Web Based
Cloud Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fiber Management Systems market from 2019 to 2030 covers:

Fiber Design and Planning
Fiber Construction
Fiber Management

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)