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    Home > Chemicals Industry > International Chemical > From 2019 to 2024, the annual compound growth of global optical fiber cable will be 12.26%

    From 2019 to 2024, the annual compound growth of global optical fiber cable will be 12.26%

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    According to the latest report released by the International Market Research Institute Reportlinker.
    com, the compound annual growth rate of global optical fiber cable will reach 12.
    26% from 2019 to 2024, and the explosive growth of information communication caused by the Internet, e-commerce, computer network, multimedia, voice, data and video and the rise of 5G are stimulating the increase
    in demand for optical fiber cable.

    In addition, technological advances in telecommunications have increased the deployment
    of broadband network architectures.
    Broadband network architectures such as fiber-to-the-home (FTTH) and fiber-to-the-building (FTTB) require large-scale deployment of fiber optic networks, driving the demand
    for fiber optic cables.
    However, high cost and complex installation are the major restraints
    for the fiber optic cable market.

    With the advent of 5G, the Internet of Things and big data will rely heavily on the collection and transmission
    of real-time data.
    Because fiber has unlimited bandwidth potential, fiber optic cables were chosen to support these bandwidth levels
    .

    The rollout of 5G will bring enhanced capacity and lower latency
    to the network.
    Fiber optic cable is the preferred choice for 5G because of its scalability, security, and ability to
    handle large volumes of backhaul traffic.
    This, in turn, will create huge market opportunities for the fiber optic cable market
    in the IT and telecommunications sectors.

    From the perspective of market region, Asia Pacific will grow
    at the highest CAGR during the forecast period.
    The Asia-Pacific region is dominated by the world's two major economies, namely India and China
    .
    These regions are driving revenue growth
    due to technological advancements and large-scale adoption of the technology by IT, telecommunications, and administration.

    The growing popularity of fiber optics in the medical field is driving growth in countries such as China, Japan, and India, which is driving the overall demand
    significantly.

    The increasing use of smartphones and internet facilities in the region is contributing to the adoption of fiber optic cables
    in telecom applications.
    According to the GSMA, 5G connectivity (excluding IoT) in Asia Pacific is expected to reach $670 million by 2025, accounting for about
    60% of global 5G connectivity.
    This, coupled with governments such as China and Japan, is also investing heavily in security infrastructure at the national level, which is expected to pave the way
    for new opportunities.

    According to the latest report released by the International Market Research Institute Reportlinker.
    com, the compound annual growth rate of global optical fiber cable will reach 12.
    26% from 2019 to 2024, and the explosive growth of information communication caused by the Internet, e-commerce, computer network, multimedia, voice, data and video and the rise of 5G are stimulating the increase
    in demand for optical fiber cable.

    Fiber optic cable

    In addition, technological advances in telecommunications have increased the deployment
    of broadband network architectures.
    Broadband network architectures such as fiber-to-the-home (FTTH) and fiber-to-the-building (FTTB) require large-scale deployment of fiber optic networks, driving the demand
    for fiber optic cables.
    However, high cost and complex installation are the major restraints
    for the fiber optic cable market.

    With the advent of 5G, the Internet of Things and big data will rely heavily on the collection and transmission
    of real-time data.
    Because fiber has unlimited bandwidth potential, fiber optic cables were chosen to support these bandwidth levels
    .

    The rollout of 5G will bring enhanced capacity and lower latency
    to the network.
    Fiber optic cable is the preferred choice for 5G because of its scalability, security, and ability to
    handle large volumes of backhaul traffic.
    This, in turn, will create huge market opportunities for the fiber optic cable market
    in the IT and telecommunications sectors.

    From the perspective of market region, Asia Pacific will grow
    at the highest CAGR during the forecast period.
    The Asia-Pacific region is dominated by the world's two major economies, namely India and China
    .
    These regions are driving revenue growth
    due to technological advancements and large-scale adoption of the technology by IT, telecommunications, and administration.

    The growing popularity of fiber optics in the medical field is driving growth in countries such as China, Japan, and India, which is driving the overall demand
    significantly.

    The increasing use of smartphones and internet facilities in the region is contributing to the adoption of fiber optic cables
    in telecom applications.
    According to the GSMA, 5G connectivity (excluding IoT) in Asia Pacific is expected to reach $670 million by 2025, accounting for about
    60% of global 5G connectivity.
    This, coupled with governments such as China and Japan, is also investing heavily in security infrastructure at the national level, which is expected to pave the way
    for new opportunities.

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