Global Fiber Optics Market 2019-2023 | Increasing Global Internet Traffic Promotes Growth | Technavio


LONDON–(BUSINESS WIRE)–Technavio’s
global fiber optics market research report forecasts the market to grow
at a CAGR of around 10% during the forecast period.

The development of next-generation telecommunication standards will be
one of the major trends in the global
fiber optics market
during 2019-2023. Next-generation
telecommunication standards such as 4G and 5G technologies can be
accessed through wireless technologies such as Bluetooth Low Energy
(BLE), Wi-Fi, ZigBee, and Z-wave. These networks provide wireless
connections that are equivalent to broadband connections, thereby
increasing the number of users who can access the Internet from anywhere.

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According to Technavio’s analysts, one of the key drivers for the global
fiber optics market is the increase in global Internet traffic:

Global fiber optics market: Increase in global
Internet traffic

The demand for digital content has been increasing substantially due to
the growth in Internet penetration across the globe. The demand for
high-bandwidth applications is being driven by the increasing usage of
smartphones to access the Internet. This has resulted in the development
of ultra-fast broadband services.

According to a senior research analyst at Technavio, “The increasing
number of smartphone users has led to an increase in the global Internet
traffic. Thus, an enhanced network infrastructure that can support high
data speeds is required to manage the congestion. To cater to these
requirements, the fiber optic cables are provided until the end of the
street, which is later integrated with DPU and CPE devices that are
placed at the distribution point units.”

Global fiber optics market: Segmentation
analysis

This global fiber optics market analysis report provides market
segmentation by application (telecom, datacom, and others) and by region
(the Americas, APAC, and EMEA). This report provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

Of the two major applications, the telecom segment held the largest
fiber optics market share in 2018, contributing to over 73% of the
market. This application segment will dominate the global market
throughout the forecast period.

The APAC region held the largest share of the market in 2018, accounting
for more than 57% share. It was followed by the Americas and EMEA
respectively. The APAC region is expected to dominate the market
throughout the period 2019-2023.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

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