Companies have been investing heavily in providing reliable fiber internet services to the home for about two decades. While growth was slow at first, we have seen rapid developments and increasing investments in recent years, with many more players entering the space. There are many reasons why these businesses are seeing enough opportunity to risk investing in this sector, and we will discuss them in this article.
Online Content
We now consume more content online than we used to in the past. There is now a website for almost anything, and you can find the information you need with a few clicks or buttons. Such availability and convenience have caused more people to head online when they need to know or find something, leading to higher demand for internet services.
It is not only educational and informational content that people are looking for because we now get most of our entertainment online. Starting with platforms like YouTube, Netflix, and later numerous other streaming and entertainment platforms, a sizable chunk of online traffic comes from people watching or otherwise consuming online content.
All these people require a stable, fast, and reliable internet connection, and fiber can provide this in ways and areas that old internet connections would not. These attributes are especially vital in homes where numerous people want to watch content on-demand simultaneously.
Remote Work and Communication
Compared to the five years prior, the last three years have seen a massive uptick in the number of people working at home, despite some companies wanting them to return to the office. Working remotely requires a stable internet connection, and fiber is the best option.
Reliability and bandwidth are significant considerations here, especially for those who make many video and audio calls or use VoIP systems in general.
The benefits of fiber internet also extend to allowing remote teams to collaborate in real-time and in ways they could not in the past. Businesses have taken advantage of this by hiring from a much larger talent pool and leveraging how time zones work.
Faster Internet Speed
As the demand for internet connectivity has increased, business has also increased their bandwidth and speeds while reducing costs. With all the advantages people get using a stable and reliable fiber internet connection, it makes sense for them to pay the affordable cost for a much better experience.
The demand for faster speeds and the convenience and advantage they offer are growing in proportion to the market. While we would need additional research to establish causation, there is at least an interesting correlation that could point to one causing the other.
Secure Homes
Everyone wants to feel safe at home, and for their homes to remain safe while they are away. While not strictly required for a home security system, fiber internet allows homeowners to secure their homes and ensure they can see what is happening in and around them at all times. All this without interrupting the experiences of those on the same network.
The internet has undoubtedly changed our lives in numerous ways, and fiber internet is the latest way it continues to do so. It allows us to access a world beyond ours in near real-time, protect those we love, watch content from all over the world, and enjoy the conveniences of working from home.
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