Tag: Market Research

Smart Cities Market Future Growth | Trends | Analysis – 2023

The smart cities market is expected to grow from USD 308 Billion in 2018 to USD 717 Billion by 2023, at a CAGR of 18.4%. The Smart Cities Market has witnessed substantial growth, owing to need for public safety and communications infrastructure, increasing number of government initiatives and PPP models for smart cities, growing adoption of connected and smart technologies in smart cities initiatives,optimizing the use of energy during peak hours, and citizen empowerment and engagement.

CompTIA survey reveals IT cybersecurity and workforce concerns

“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.

3 factors that will drive worldwide 5G connections

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.

400G to claim big optical port shipments through 2024: Dell’Oro

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% 

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.

Optical Fiber and Plastic Conduit Market to Reach $11.77 Bn, Globally, by 2026 at 20.6% CAGR

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.