Category: Market Research

Smart Buildings Market size to grow by USD 46,123.2 million from 2022 to 2027; the growing need for building automation to enhance business outcomes drives market growth

The smart buildings market size is estimated to increase by USD 46,123.2 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 9.73% during the forecast period. The growing need for building automation to enhance business outcomes is a major factor driving the smart buildings market growth. 

Fiber Optics Market by Fiber Type, Cable Type, Deployment, Application, and Region – Global Forecast to 2027

The fiber optics market is projected to grow from USD 4.9 billion in 2022 and is projected to reach USD 8.2 billion by 2027; it is expected to grow at a CAGR of 10.9% from 2022 to 2027.
The growth of this market is driven by factors such as growing internet penetration and data traffic, rising number of data center facilities worldwide, and mounting demand for high bandwidth.

Worldwide fiber-optic cable shortage looms over 5G, data center infrastructure rollouts

The fiber crunch is here, according to new research from market intelligence analyst Cru Group. A worldwide shortage of fiber-optic cable has driven up product pricing and lengthened lead times on supply, casting a shadow over ambitious industry plans for advanced telecommunications infrastructure rollouts. Governments around the world have set ambitious targets for the rollout of superfast broadband and 5G infrastructure, both of which of course require vast quantities of fiber-optic cable to be laid underground. At the same time, Amazon, Google, Microsoft and Facebook owner Meta are in the process of expanding their data center footprints around the world to meet soaring demand, including globe-spanning deployments of subsea fiber-optic cabling. Prices for fiber have now reached their highest level since July 2019. North America has been less severely impacted than Europe, China and India — but that may not be for long.