In 2004, about 90 percent of multi-tenant company-owned buildings were not connected to fiber for connectivity. In April, Vertical Systems Group revealed that in 2016 that number had dropped to 50.4 percent. The results underscore the fact that businesses understand the importance of fiber as a basic commercial amenity and strive to obtain it in their own facilities.
“Fiber footprints have been highly valued assets in nearly every merger transaction in the industry during the past two years. The density of fiber lit buildings on-net and geographic reach are significant competitive differentiators,” said Rosemary Cochran, principal at Vertical Systems Group. “For 2017, network providers report that fiber footprint expansion is the top factor that will drive Carrier Ethernet growth and support rising demand for other gigabit-speed services.”
In addition to data transport and online commerce, companies need high capacity and reliable connectivity to share files with potential partners. Depending on the type of work they do, transactions may depend on split second data delivery, which only fiber can provide.
As an increasing number of communities consider investing in fiber-optic networks, economic development is often cited is their first consideration. Without fast, affordable, reliable connectivity readily available, companies looking to relocate will move on and take jobs with them.