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The global fiber optics market is anticipated to grow at a CAGR of around 5.0% during the forecast period. The fiber optics industry is driven by the growing demand for high bandwidth communication fueled with rising demand for high speed and data internet services.
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The global fiber optics market is mainly driven by extensive applications in the IT & Telecommunication industry across the globe. Several compelling reasons results to the widespread adoption of fiber optic cabling for telecommunications application such as much lower levels of signal attenuation, fiber optic cables are much lighter than the coaxial cables that might otherwise be used, fiber optic cabling provides a much higher bandwidth allowing more data to be delivered and fiber optics do not suffer from stray interference pickup that occurs with coaxial cabling. To Request a Sample of our Report on Global Fiber Optics Market : https://www.omrglobal.com/request-sample/fiber-optics-market Fiber optics areextensively used for the deployment of advanced digital technology such as 5G, big data and Internet of Things(IoT) owing to its high bandwidth and speed. The introduction of 5G technology has improved the capacity and lower latency straight to networks. The fiber optics has supported the implementation of 5G networks due to its security, scalability, and ability to handle a large amount of backhaul traffic that is being generated. Thus, anticipated to create a large market opportunity for the fiber optics market in the IT and telecom sectors. (Get 15% Discount on Buying this Report) Browse for Full Report Description at : https://www.omrglobal.com/industry- reports/fiber-optics-market Further, several programs to promote digitalization has been reported across the countries. For instance, in July 2015, the Digital India campaign was launched by the Indian government. The objective of the campaign is to digitally empower the country and its people, introduce a better quality of life, and improve infrastructure. Fiber optics are mainly used in telecommunication services includes telephones, the internet, and television. For instance, companies such as Google, LLC and Verizon System, Inc. use fiber optics in their Google Fiber and Verizon FIOS services, offering high internet speeds to users. Moreover, advancement in technology in the telecom industry has increased the deployment of broadband network architectures. The various prominent broadband networking architectures such as Fiber to the Home (FTTH) and Fiber to the Building (FTTB) which necessitate the large scale deployment of fiber optics networks, propel the demand for fiber optic cables. Global Fiber Optics Market- Segmentation By Cable Type Single-Mode Multi-Mode Plastics By Application
BFSI Medical and Healthcare Military and Aerospace IT & Telecom Oil and Gas Others Global Fiber Optics Market – Segment by Region North America The US Canada Europe Germany UK France Spain Italy Rest of Europe Asia-Pacific China Japan India Rest of Asia-Pacific Rest of the World Latin America Middle East Africa Reasons to Buying From us – 1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/fiber-optics-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404 Company Name: Orion Market Research