|[July 11, 2017]
Global Fiber Optic Components Market - End-user-based Segmentation and Market Analysis by Technavio
According to the latest market study released by Technavio,
fiber optic components market is projected to grow at a
CAGR of more than 10% over the forecast period.
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Technavio has published a new report on the global fiber optic components market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global
Fiber Optic Components Market 2017-2021' provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.
The major reason for the growth of the global fiber optic
components market is the increasing deployment of fiber optic cables
within and across countries. Many firms are choosing to move from
copper cabling to fiber optic cabling because of its diverse
benefits such as lower attenuation, high return on investment (ROI),
and support for high bandwidth applications. Thus, the demand for
fiber optic components will increase as they allow the efficient
deployment and functioning of fiber optic cables.
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Based on the end-users, the report categorizes the global fiber optic
components market into the following segments:
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"The data communication segment of the fiber optic components
market occupies a majority 43% of the overall shares and will continue
to grow swiftly over the forecast period. Data communication is the
process of transferring information from a sender to a receiver through
a medium," says Raghu Raj Singh (News - Alert), a lead analyst at Technavio for lighting
The segment includes sales of fiber optic components to major firms that
are focusing on deploying fiber optic networks for data transmission and
interconnection purposes at data centers. Increasing investments in data
center construction and the need for secure data transmission are the
major reasons for the growth of the segment.
Telecommunications is a term used for the exchange of information
through electronic means and can refer to all types of voice, data, and
video transmission. In 2016, the global fiber optic components market by
telecommunication was valued at USD 6.16 billion. The segment includes
the sales of fiber optic components to firms, such as networking
equipment and telecommunication equipment manufacturers, ISP, wireless
operators, that purchase these components for the deployment of fiber
The major reasons for the growth of the segment include the increase in
Internet traffic that leads to large bandwidth requirements for
streaming media, video conferencing, Malware, and growth of Wi-Fi. The
growth of FTTx will also impact the fiber optic components market due to
its wide array of applications in the telecommunication sector.
"The enterprise segment comprises of companies that employ
stand-alone enterprise servers for their Internet requirements. The
scope of this segment excludes telecom firms and data center providers
who have adopted fiber optic connections to support the high bandwidth
demand," says Raghu.
The growth of big data and data analytics by enterprises who create
enormous amounts of data daily is an important factor impacting the
growth of the market segment. Firms use big data to identify repeating
patterns take decisions based on that. The increasing need for high
Internet speed by enterprises to provide high-speed connections to their
employees for running daily business operations is another important
The top vendors highlighted by Technavio's research analysts in this
Corning (News - Alert)
Sumitomo Electric Industries
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170711006290/en/
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