Global Fiber Optic Cable Market (2019-2024) to Witness a CAGR of 12.26%

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freemexy

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Global Fiber Optic Cable Market (2019-2024) to Witness a CAGR of 12.26%


The fiber optic cable market is expected to grow at CAGR of 12.26%
during the forecast period (2019-2024).

With the increasing demand for IoT and more number of connected devices,
data transmission has become vital for the users, hence the fiber optic
cable market is seeing a huge opportunity during the forecast period.Outdoor optical fiber cableKey Highlights

Further, technological advancements in the telecom sector have increased
the deployment of broadband network architectures. Fiber to the Home
(FTTH), Fiber to the Building (FTTB) is a few prominent broadband
networking architectures that necessitate the large-scale deployment of
fiber optic networks, driving demand for fiber optic cables.
The major benefit of fiber optic cable is the increased security option
which cannot be tapped than the traditional copper cable is another
major factor driving fiber optic cables market.
However, high costs and complex installation act as major restraining
factors for fiber optic cables market.

Fiber optics is a major building block in the telecommunication
infrastructure. With the explosion of information traffic due to the
Internet, electronic commerce, computer networks, multimedia, voice,
data, and video, the need for a transmission medium with the bandwidth
capabilities for handling such vast amounts of information is paramount.
Fiber optics, with its comparatively infinite bandwidth, has proven to
be the solution.
Additionally, with the emergence of 5G, IoT and Big Data will rely
heavily on real-time data collection and transfer. And because of fiber
optics unlimited bandwidth potential, fiberoptics cable is chosen to
support these bandwidth levels.
Further, to achieve expected performance levels for 5G networks, more
small cells (or nodes) and mobile edge computing will be needed to
eliminate network bottlenecks. These small-cell deployments often
utilize the millimeter wave spectrum, relying heavily on fiber cabled
connections for the backhaul portion of the network.
The launch of 5G will bring enhanced capacity and lower latency straight
to networks. Fiber optics cable is the preferred option for 5G because
of its scalability, security, and ability to handle the vast amount of
backhaul traffic being generated. This in return will create a huge
market opportunity for the fiber optic cable market in IT and Telecom.

Posted 22 Jul 2019

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