Fiber Optic Market Segmentation, Competitive Landscape, Market Poised for Rapid Growth And Forecast To 2027 | Impact of COVID-19
Fiber Optic Connector Market Research Report - Forecast to 2023 Market Highlights Market Research Future (MRFR) believes that the global fiber optic market has the potential to attain a growth rate of 10% during the forecast period (2017-2023). It can touch a valuation of USD 6 billion by 2023, adds MRFR. Market Boosters and Key Barriers With the amplified demand for the internet of things (IoT) and surge in the number of connected devices, the importance of data transmission has risen among users. As a result, the fiber optic market is presented with a number of growth opportunities, given the rising popularity of IoT and connected devices. Moreover, technological advancements taking place in the telecom sector had led to a surge in the deployment of broadband network architectures. Fiber to the Building (FTTB) and Fiber to the Home (FTTH) are some of the most significant broadband networking architectures, which calls for large-scale deployment of fiber optic networks. This factor