Global Fiber Optic Components Market - End-user-based Segmentation and Market Analysis by Technavio Business Wire LONDON -- July 11, 2017 According to the latest market study released by Technavio, the global fiber optic components market is projected to grow at a CAGR of more than 10% over the forecast period. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170711006290/en/ Technavio has published a new report on the global fiber optic components market from 2017-2021. (Gr ... Technavio has published a new report on the global fiber optic components market from 2017-2021. (Graphic: Business Wire) This research report titled ‘Global Fiber Optic Components Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. The major reason for the growth of the global fiber optic components market is the increasing deployment of fiber optic cables within and across countries. Many firms are choosing to move from copper cabling to fiber optic cabling because of its diverse benefits such as lower attenuation, high return on investment (ROI), and support for high bandwidth applications. Thus, the demand for fiber optic components will increase as they allow the efficient deployment and functioning of fiber optic cables. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Based on the end-users, the report categorizes the global fiber optic components market into the following segments: * Data communication * Telecommunication * Enterprise Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Data communication “The data communication segment of the fiber optic components market occupies a majority 43% of the overall shares and will continue to grow swiftly over the forecast period. Data communication is the process of transferring information from a sender to a receiver through a medium,” says Raghu Raj Singh, a lead analyst at Technavio for lighting research. The segment includes sales of fiber optic components to major firms that are focusing on deploying fiber optic networks for data transmission and interconnection purposes at data centers. Increasing investments in data center construction and the need for secure data transmission are the major reasons for the growth of the segment. Telecommunication Telecommunications is a term used for the exchange of information through electronic means and can refer to all types of voice, data, and video transmission. In 2016, the global fiber optic components market by telecommunication was valued at USD 6.16 billion. The segment includes the sales of fiber optic components to firms, such as networking equipment and telecommunication equipment manufacturers, ISP, wireless operators, that purchase these components for the deployment of fiber optics. The major reasons for the growth of the segment include the increase in Internet traffic that leads to large bandwidth requirements for streaming media, video conferencing, Malware, and growth of Wi-Fi. The growth of FTTx will also impact the fiber optic components market due to its wide array of applications in the telecommunication sector. Enterprise “The enterprise segment comprises of companies that employ stand-alone enterprise servers for their Internet requirements. The scope of this segment excludes telecom firms and data center providers who have adopted fiber optic connections to support the high bandwidth demand,” says Raghu. The growth of big data and data analytics by enterprises who create enormous amounts of data daily is an important factor impacting the growth of the market segment. Firms use big data to identify repeating patterns take decisions based on that. The increasing need for high Internet speed by enterprises to provide high-speed connections to their employees for running daily business operations is another important driver. The top vendors highlighted by Technavio’s research analysts in this report are: * Amphenol * Corning * Finisar * Fujikura * FURUKAWA ELECTRIC * Sumitomo Electric Industries Browse Related Reports: * Global Fiber Optics Market 2017-2021 * Global Beacon Lights Market 2017-2021 * LED Lighting Market in Brazil 2017-2021 About Technavio Technavio is a leading global technology research and advisory company. 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View source version on businesswire.com: http://www.businesswire.com/news/home/20170711006290/en/ ./ContentItem/Format Global fiber optic components market is projected to grow at a CAGR of over 10% until 2021. Multimedia Available:http://www.businesswire.com/news/home/20170711006290/en/ Contact: Technavio Research Jesse Maida Media & Marketing Executive US: +1 630 333 9501 UK: +44 208 123 1770 www.technavio.com
Global Fiber Optic Components Market - End-user-based Segmentation and Market Analysis by Technavio
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