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Fiber Optic Market is predicted to reach USD 13.7 billion at a CAGR of 7.1% by 2030- Report by Market Research Future (MRFR)

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Tokyo, Japan, April 29, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Fiber Optics Market Research Report Information By Fiber Type, Cable Type, Industry Vertical, and By Region – Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 13.7 billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 7.1% during the assessment timeframe.

Fiber Optic Market Key Players 

Eminent industry players profiled in the fiber optic market report include-

  • Alcatel-Lucent SA (France)
  • Arris Group Inc. (U.S.)
  • TE Connectivity Ltd. (Switzerland)
  • Hitachi Ltd. (Japan)
  • Corning Cable Systems LLC (U.S.)
  • The 3M Company (U.S.)
  • Optical Cable Corporation (U.S.)
  • Amphenol Aerospace (U.S.)
  • Sumitomo Electric Industries, Ltd. (Japan)
  • Hirose Electric Co., Ltd. (Japan). 

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Fiber Optic Market Report Scope:

Report Metric Details
Revenue Forecast in 2030 USD 13.7 billion
Growth Rate CAGR of 7.1% from 2022 to 2030
Base Year 2021
Study Period 2022-2030
Key Market Opportunities Surging deployment of 5G
Key Market Drivers Emergence of IoT and Cloud Computing to Drive Market Growing internet penetration and data traffic Mounting demand for high bandwidth

Browse In-depth Market Research Report (100 Pages) on Fiber Optic Market:

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Fiber Optic Market Drivers 

Increasing Use of FTTH to Boost Market Growth 

The need for FTTH significantly increases the connection speeds available to computer users compared to technologies now used in most regions. Up to 100 megabits/second connection rates are advertised by FTTH (Mbps). These speeds are 20–100 times quicker than those of conventional cable modems or DSL connections. FTTH implementation on a large scale would be costly because it requires the installation of novel cable sets across” last links” from the existing optical fiber connections to individual consumers. Fiber to the X network is currently replacing outdated copper-based networks because they offer numerous benefits in terms of capacity and speed. 

Fiber Optic Market Opportunities 

Increasing Data Volume & Internet Usage to offer Robust Opportunities 

Over the world, the percentage of people using the internet has been rising tremendously. Due to the increase in internet usage, social media services, VoIP, online entertainment, & mobile payments all have become more popular. The amount of traffic associated with online gaming, data services, & the internet has considerably expanded as a result of the increasing usage of tablets, smartphones, laptops, and other wireless devices. Wireless traffic utilizes a fiber optic wireline network to reach its destination. So, the development of mobile communications can be largely attributed to landline networks such as front haul & backhaul.

Restraints and Challenges 

High Investment Cost to act as Market Restraint 

The high investment cost, new infrastructure needs, and increasing adoption of the wireless broadband may act as market restraints over the forecast period. 

Fiber Optic Market Segmentation 

The global fiber optic market is bifurcated based on type, application, and industries. 

By type, lucent connector will lead the market over the forecast period. 

By application, telecommunication will domineer the market over the forecast period. 

By industries, IT and telecommunication will spearhead the market over the forecast period. 

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Fiber Optic Market COVID-19 

The COVID-19 pandemic spread quickly throughout the entire world and has made everyone’s life miserable. Despite the government’s strict controls, which included lockdowns, maintaining social distances, transit bans, work from home, and others, the epidemic affects approximately one-third of people physically and the majority of the world’s population financially. Business sectors are severely impacted, primarily because of supply chain interruptions, a lack of personnel, and a shortage of raw materials. The pandemic has an impact on the fibre optic connector business as well. When fibre optics are utilized in the medical field and that technology is used to treat Covid-19 patients, the market for fibre optic connectors is experiencing a rapid surge in demand. In addition, there is a surge in the use of high-speed internet services because of lockdowns & work from home offices. As a result, the pandemic condition increases market demand.

Regional Analysis 

North America to Head Fiber Optic Market 

North America will have the biggest market share globally during the projected period due to the region’s abundance of data centres, businesses that need high-speed data solutions, and the use of connectors in the defence sector. As of 2020, the North America region held a 35.5% share of the worldwide Fiber Optic Connector market. That is because important players including Corning, AFL Telecom,Prysmian Group, Fitel, & LS Cable and System are present. Due to the quick adoption of fibre optic technology encouraged by a push from businesses like Google and Verizon, the U.S. accounted for a sizable market base for fibre optic cables.

The development of LTE and 5G networks will be a key factor in the adoption of fibre optic cables, not just in the United States but also internationally. This growing number of businesses is supported by consumers’ escalating need for high-speed internet at home & on mobile devices. As a result, fiber-optic cable is increasingly in demand from cable operators and wireless carriers. The growth of fiber-optic cable networks, which use a variety of connection types like LC, SC, ST, and FC, has increased the speed and size of the data networks used by wireless carriers and cable providers, enabling higher-speed data transmission & bigger volume data transfers. This breakthrough is expected to lead to further industry revenue growth.

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APAC to Have Admirable Growth in Fiber Optic Market 

Due to the increasing use of fibre optics in smart city initiatives, Asia-Pacific is predicted to experience the highest CAGR increase. This region needs smart initiatives and includes emerging nations like China, Japan, and India. The Asia-Pacific region, which dominated the fibre optic connectors market in 2020, is anticipated to experience considerable expansion over the course of the forecast period due to the presence of several prominent businesses, academic institutions, governmental agencies, and banks. Also, there is a greater need for fibre optic connectors for the growing need for connectivity among businesses, governmental agencies, and educational institutions. The APAC regional market is being strengthened by the manufacturing sector’s high rate of penetration and the sector’s expansion in IT and telecommunications.

During the course of the forecast period, the Asia Pacific area is anticipated to emerge as a major region (with regards to market size and growth). The expanding use of fibre optic technology across a wide range of business sectors, particularly the telecommunications industry, is responsible for the regional market expansion. Governments of technologically advanced nations, like the UK, Germany, Japan, the United States, China, and others, are working to upgrade the network security infrastructure (both on individual & country levels). The growing bandwidth needs of network operators, broadband services, & broadband connection providers are met by fibre optics as a medium.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
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New York, NY 10013
United States of America
+1 628 258 0071 (US)
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Email: [email protected]
Website: https://www.marketresearchfuture.com
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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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