Artificial Intelligence
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 |
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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 Fiber to the X network is currently replacing outdated copper-based networks because they offer numerous benefits in terms of capacity and speed.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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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.
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Artificial Intelligence
Cisco Doubles Down on Network Assurance with AWS

News Summary:
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.
With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey.
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
Availability
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Intelligence
Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research

The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.
Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players.
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Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
CAGR
19.9 %
No. of Pages in Report
450
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Drivers
Growing demand for AI-based solutions
The rising need for intelligent business processes
Opportunities
Advancements in big data analytics.
The availability of high-performance computing systems.
Restraints
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
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The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue. The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Artificial Intelligence
New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers

WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.
Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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