Global Fiber Optics Market: Industry Analysis and Forecast (2019-2027) (Business Opportunities - Home Business)

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Global Fiber Optics Market: Industry Analysis and Forecast (2019-2027)

Global Fiber Optics Market was valued at US$ 3.56 Bn in 2019 and is expected to reach US$ 7.98 Bn by 2027, at a CAGR of 10.62% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Fiber Optics Market

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Global Fiber Optics Market Dynamics:

The growing importance of cloud computing, data transfer & storage, and IoT is driving the use of the Internet, which is driving the global fiber optics market, as it acts as the backbone for data transmission. The request for the Internet is also driven by several other factors like an increase in the number of connected devices in homes, an increase in the request for Over-The-Top (OTT) video content, and increasing Internet access. All these factors have led to a growth in Internet users, which in turn has led to the higher usage of optical fiber cable to transfer information over the Internet, thus driving the global fiber optics market.
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Last Update : Jul 17, 2021 9:17 AM
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