Autonomous vehicles, security, workplace safety, energy facility remote monitoring and machine automation, are five examples of edge computing in action.
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.
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.
The market for edge data center services and equipment will grow at a compound annual rate of 17% over the next five years, propelling the total size of the market above $18 billion by 2026, according to a report from Ireland-based analytics firm ResearchAndMarkets.com.
Overall compensation for ICT professionals was down this past year, in no small part because the most-experienced workers are leaving the workforce. Three factors that depressed compensation in 2021: 1) inflation was considered transitory until late 2021 and did not show up in last year’s paychecks; 2) overtime and bonus pay reduced sharply from 2020; and 3) more-experienced and higher-paid workers left the workforce, driving down the mean compensation among the workforce as a whole. On the bright side, women represented 9% of participants, which is the highest percentage in the survey’s four years and up from 4% a year ago.
FFor the third year, Fluke Networks has teamed up with Cabling Installation and Maintenance to survey network and structured cabling professionals about salaries and jobs. This survey gathered data on the areas that impact salary, like education and experience. We also asked about types of jobs, bonuses, job changes, and how COVID-19 impacted the workforce. In addition, this survey includes information on salary by job titles like network technician salary, network engineer salary, cabling general management salary, and network designer or architect salary. There are some significant and surprising departures from findings of prior years.
Perimeter Security with IP Camera Surveillance Takes Advantage of Optical LAN’s Superior Reach, Bandwidth, Security and Costs
Optical LAN technology proves advantageous for building/operating perimeter security when dealing with large areas and extended distances.
According to Frost & Sullivan’s Future of Connected Living report, the device-to-person ratio will exceed 20 to 1 by 2030, as the world enters the era of hyperconnectivity and catapults organizations’ digital transformation. The number of connected devices globally is projected to increase from 30.4 billion in 2020 to 200 billion in 2030 at a compound annual growth rate (CAGR) of 20.7%. The research forecasts the convergence of connected cities, homes, and workplaces will result in ubiquitous connectivity and the emergence of new product applications, business models, technologies, platforms, and services.
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Companies in the fiber optic connectors market are relying on the rapidly growing 5G networking infrastructure to keep businesses running during and post the COVID-19 era. This explains why analysts at TMR predict that the fiber optic connectors market is projected to clock a favorable CAGR of 7.5% during the assessment period.