The global fiber optic connectors industry report is poised to reach USD 5.9 billion by 2025. Major include rising demand for increasing bandwidth, rising demand for data volume and transmission speed in data centers within the telecommunication industry.
“International Trends in Technology and Workforce,” a new report from CompTIA identifies cybersecurity readiness and the struggle to find enough workers with the right skills to meet their workforce as top concerns for 2020. More than 1,500 business and technology professionals from 14 countries shared information on their business priorities for 2020, as well as perceptions of emerging technologies, cybersecurity, workforce skills, professional development strategies and the future of work.
To understand the issues most significantly affecting ICT professionals, CI&M conducted a survey in fall 2019 that collected input from professionals across the ICT industry. This article summarizes our findings.
In its first worldwide 5G forecast, International Data Corporation (IDC) projects the number of 5G connections to grow from roughly 10.0 million in 2019 to 1.01 billion in 2023. This represents a compound annual growth rate (CAGR) of 217.2% over the 2019-2023 forecast period and is driven by data creation and consumption, more things being connected, and speed and real-time access.
The growing popularity of 400-Gbps transmission rates will lead DWDM coherent port shipments to reach 1.3 million by 2024, according to Dell’Oro Group. The market research firm states in its latest report that the total optical transport market, which Dell’Oro defines as including multiservice multiplexers and WDM systems, will be worth nearly $18 billion by that year.
The global MPO Fiber Optic Connector market will grow by US$ 5 Billion by 2024 at a CAGR of 9.8% in the given forecast period driven by the rapidly increasing demand for a high bandwidth, among end users. The increasing adoption of mobile devices such as smartphones and tablets, and the growing adoption of 4G LTE network platforms provide numerous opportunities for growth.
Widespread implementation of 5G, rise in adoption of fiber to the home (FTTH) connectivity, advent of the internet of things (IoT), and demand for highly secure and safe wiring systems drive the growth of the global optical fiber and plastic conduit market. However, high installation cost of optical fiber and conduits and rise of the wireless communication systems hinder the market growth. On the other hand, rise in investments in optical fiber cable (OFC) network infrastructure and emerging trends toward cable-in-conduits systems create new opportunities in the market.
VCSEL Market 2020 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2025 | ABNewswire
The Global VCSEL Market was valued at USD 1.65 Billion in 2018; it is expected to reach USD 4.86 Billion by the end of the forecast period at a CAGR of 17.1%. The factors responsible for the growth of the VCSEL market include the growing adoption of VCSEL in automotive electronics applications, increasing usage of VCSEL in data communications.
ResearchAndMarkets’ new report, “Global Multimode Optical Fiber Market Analysis 2014-19 and Forecast 2020-24’, predicts that the multimode optical fiber market will grow at a CAGR of around 16% on account of high reliability and high capacity.
Ethernet Cable Market to Garner $21.36 Bn, Globally, by 2026 at 13.5% CAGR, Says Allied Market Research
High speed and low latency of the cable, high reliability and low-security threats, and features like easy installation and connectivity have boosted the growth of the global ethernet cable market. However, high installation cost and limited physical availability of devices hamper the market. On the contrary, rise in demand for power over Ethernet in industries is expected to create lucrative opportunities in the near future.