Fiber reached more than 1.4 million U.S. commercial buildings and data centers by the end of 2022, according to Vertical Systems Group’s ENS @Fiber research service. However, that number represents only about 28% of total U.S. commercial sites, according to the market research firm.
Compiling all the data we got from every survey respondent, the average worker’s compensation increased by 4% from last year to this year. The average annual compensation for each job type is: designer: $112,169; engineer: $111,647; general manager: $123,216; lead technician: $81,934; project manager: $105,231; technician: $81,934; other, $91,911.
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.
The global fiber optics market size is expected to reach USD 14.93 billion by 2030, and exhibit a CAGR of 6.9% from 2023 to 2030, according to Grand View Research Inc. The growth is attributed to the rising government funding in developing secure infrastructures.
The latest IDC FutureScape analysis highlights impactful trends for the future of digital infrastructure, including compute and data management horsepower; network connectivity; operational support; and management; plus the analyst’s industry predictions.
Single Pair Ethernet technology is becoming more widely adopted, particularly in industrial applications, and is also becoming more affordable. There are also a number of new standards that are being developed for Single Pair Ethernet, which will help to improve its performance and make it more compatible with other Ethernet-based technologies.
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.