Market Overview

The fiber optic cable market is expected to witness growth, registering a CAGR of 12.26% during the forecast period of 2019-2024. With the increasing demand for IoT and more number of connected devices, data transmission has become vital for the users. Hence, the fiber optic cable market is witnessing a huge opportunity of growth during the forecast period.

• Further, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH) and Fiber to the Building (FTTB) are the few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks. This factor is driving the demand for fiber optic cables.
• The major benefit of fiber optic cable is the increased security option that cannot be tapped with the traditional copper cable. This is another major factor driving the fiber optic cables market. 
• However, high costs and complex installation act as the major restraining factors for fiber optic cables market.

Scope of the Report

Fiber optics is one of the methods of transmitting information that works by sending pulses of light through an optical fiber. The light transmitted forms an electromagnetic carrier wave modulated to carry information. Optical fiber cable (OFC), especially for telecommunication companies, has become a preferred transmission medium catering to aggressive bandwidth demands. Furthermore, the increasing cloud-based applications, audio-video services, and Video-on-Demand (VoD) services stimulate the demand of fiber optic cable.

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Key Market Trends

IT and Telecom Sector Offers Potential Growth

• Fiber optics is a major building block in the telecommunication infrastructure. With the explosion of information traffic owing to the internet, electronic commerce, computer networks, multimedia, voice, data, and video, the need for a transmission medium with the bandwidth capabilities for handling such vast amounts of information is paramount. Fiber optics, with its comparatively infinite bandwidth, has proven to be the solution.
• Additionally, 5G, IoT, and Big Data rely heavily on real-time data collection and transfer. As fiber optics has unlimited bandwidth potential, fiberoptics cable is chosen to support these bandwidth levels.
• Further, to achieve the expected performance levels for 5G networks, more small cells (or nodes) and mobile edge computing will be needed to eliminate network bottlenecks. These small-cell deployments often utilize the millimeter wave spectrum by relying heavily on fiber cabled connections for the backhaul portion of the network.
• The launch of 5G will bring enhanced capacity and lower latency straight to networks. Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This, in return, is expected to create a huge market opportunity for the fiber optic cable market in IT and Telecom.

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