According to a new market report published by Credence Research Inc., “Global Fiber Optic Cables Market (By Cable Type (Single Mode and Multi-mode), By Optical Fiber Type (Glass Optical Fiber and Plastic Optical Fiber), By Application (Banking, Financial Services, and Insurance (BFSI), Military & Aerospace, Oil & Gas, Medical, Telecom and Others))- Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global fiber optic cables market is expected to demonstrate a CAGR of 7.2% during the forecast period to reach US$ 7.95 Bn by 2026.
The Fiber Optic Cables Market Research Report Forecast 2018-2026 is an important source of insightful data for market strategists. It presents the Fiber Optic Cables industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Fiber Optic Cables Market study gives complete data which improves the understanding. [Continue reading…]
The most prominent factor driving the fiber optic cables market growth is rapidly growing internet traffic worldwide. With increasing proliferation of mobile devices, number of internet users is on rapid rise since the past few years. As of March 2017, there were nearly 3.74 Bn internet users across the globe, resulting into higher requirement of internet bandwidth. The demand for unceasing bandwidth is yielding significant growth in the global fiber optic cables market. Fiber optic cable provides a constant, stable and fast internet connection that allows high speed data transfer with minimal interference. In recent past, it has become noticeable that fiber optic cables are rapidly replacing copper cables and other metal wires due to their wide range of advantages over electrical transmission. Some of the main advantages of fiber optic cables are as below:
Browse the full Fiber Optic Cables market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/fiber-optic-cables-market
The qualitative study of drivers and limitations of Fiber Optic Cables Market
Key players in the global Fiber Optic Cables Market Include Corning, Inc., Finisar Corporation, Prysmian Group, AFL Telecommunications LLC, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., LEONI, Furukawa Electric Co., Ltd., Finolex Cables Ltd., General Cable Technologies Corporation, Yangtze Optical Fiber and Cable Joint Stock Ltd. Co. and Sterlite Technologies Ltd.
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as the single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available.
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