Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

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)

Published

on

<!– Name:DistributionId Value:8828242 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1259337 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:c9cd4215-1c7d-4f6b-adcd-efc29ea201ad –>

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). 

Get Free Sample PDF Brochure:

https://www.marketresearchfuture.com/sample_request/1169

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:

https://www.marketresearchfuture.com/reports/fiber-optic-market-1169

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. 

Buy Full Research Report:

https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1169

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.

Check for Discount:

https://www.marketresearchfuture.com/check-discount/1169

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.

Related Reports:

Wi-Fi Chipset Market Research Report: By Type, Fabrication Technology, Die Size, Application- Forecast till 2027

Artificial Intelligence (AI) Chipset Market Research Report: By Component, By Technology, Application, By Vertical – Forecast till 2027

5G Chipset Market Research, By Type, Operational Frequency, Product- Vertical – Global Forecast till 2027

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)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Follow Us: LinkedIn | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Universal Robots and MiR open new robotics hub in Denmark

Published

on

universal-robots-and-mir-open-new-robotics-hub-in-denmark

Global robotics leaders Universal Robots (UR) and Mobile Industrial Robots (MiR), both Teradyne Robotics companies, will share headquarters to increase synergies and accelerate innovation within advanced robotics. 
ODENSE, Denmark, May 14, 2024 /PRNewswire/ — Universal Robots, the Danish collaborative robot (cobot) company, and MiR, the Danish manufacturer of AMRs (autonomous mobile robots), today celebrated the Grand Opening of their new 20,000 sqm headquarters in Odense, Denmark.

Partners from UR and MiR’s global ecosystems attended the event, including NVIDIA and Siemens, with whom Teradyne Robotics and its companies have recently announced several collaborations.
“The launch of this new headquarters marks a significant milestone for Teradyne Robotics as we bring together two leading companies in robotics innovation,” says Ujjwal Kumar, Group President of Teradyne Robotics. “We will now have the optimal environment to evolve our technological capabilities, which are already in high demand.”
On the new robotics hub, Jean-Pierre Hathout, President of MiR, said:”Our new headquarters is designed to foster innovation, providing the perfect setting for our teams to develop leading-edge solutions that will revolutionize automation. MiR is committed to being a one-stop-shop for material handling, continuously advancing our technology to meet the evolving needs of our large, global customers. Our recently launched AI-powered MiR1200 Pallet Jack exemplifies this dedication. I’m thrilled to witness the transformative impact of our endeavors and to showcase MiR’s and UR’s offerings to our customers and partners at this state-of-the-art facility.”
Kim Povlsen, President of Universal Robots, added:”Since our foundation, UR has become a platform of choice for thousands of customers and hundreds of ecosystem partners. This beautiful building reflects our strong design philosophy and provides the perfect location for us to continue our mission to deliver automation for anyone, anywhere.”
Transformative power of advanced automationThe opening included a panel discussion featuring Deepu Talla, Vice President of Robotics and Edge Computing of NVIDIA, Rainer Brehm, CEO of Siemens Factory Automation, and Ujjwal Kumar, Group President of Teradyne Robotics. The panelists discussed the use of physical AI across industries, underscoring the transformative power of advanced automation for businesses and workplaces.
Photos from the Grand Opening and a recording of the panel discussion can be viewed on UR and MiR social media channels and will soon be available here.
New HQ factsPictures
About URAbout MiRAbout Teradyne Robotics
Logo – https://mma.prnewswire.com/media/2333087/4701507/Universal_Robots_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/universal-robots-and-mir-open-new-robotics-hub-in-denmark-302144008.html

Continue Reading

Artificial Intelligence

Mullen Coughlin LLC Adds DFIR Professional, Chris Ballod, to Incident Response Team

Published

on

mullen-coughlin-llc-adds-dfir-professional,-chris-ballod,-to-incident-response-team

DEVON, Pa., May 14, 2024 /PRNewswire/ — Mullen Coughlin LLC, a leading international data privacy and security law firm, proudly announces the addition of Chris Ballod  to the Incident Response team as Senior Partner.

With a legal and professional career spanning over two decades where he held prominent positions within the cyber insurance ecosystem, including most recently as Associate Managing Director for a well-known cybersecurity risk management and digital forensic incident response (DFIR) firm, Chris possesses a deep understanding of the complicated and nuanced data privacy legal landscape and real-life experience in leading forensic investigations into hundreds of various types of data privacy incidents.
“It is my great honor to join the team that made the incident response community what it is today. The attorneys and staff at Mullen Coughlin are some of the best and most experienced in the field, and I am excited for us to face the future of this industry together,” says Chris about joining the Firm. 
Chris’s addition reinforces Mullen Coughlin’s commitment to delivering effective and efficient legal services tailored to each organization’s unique needs – prior, during, and after a data privacy and security incident. With a proven record of success for organizations around the globe, Chris’s knowledge and experience further strengthens Mullen Coughlin’s ability to provide unmatched cybersecurity and data privacy legal counsel to organizations of all sizes and across all industry sectors.
“The addition of our friend, and now colleague, is another chapter in the Firm’s dedication to one theme – One Firm, One Focus: Cyber,” says Mullen Coughlin CEO John F. Mullen . “I’ve worked with Chris for many years, both at previous law firms and as a business partner, and know that he will make an immediate impact here and for our clients and cyber insurance partners.”
Mullen Coughlin Managing Member, Jennifer A. Coughlin , adds, “Chris is recognized by all in the market as having unmatched legal and forensic investigatory experience, and we are excited for him to utilize this experience to further solidify the Firm’s established reputation as the go-to law firm for data privacy and incident response legal counsel, consistently delivering on the needs of the cyber insurance industry.”
Mullen Coughlin has managed over 25,000 data privacy and security incidents on behalf of organizations of all sizes, across all industry sectors and from all geographic locations. Mullen Coughlin has over 120 experienced attorneys solely dedicated to providing bespoke counsel relating to pre-incident Advisory Compliance  services and solutions; data privacy and security incident response ; regulatory investigation ; and security and privacy litigation  defense. For more information, please visit www.mullen.law .

View original content:https://www.prnewswire.co.uk/news-releases/mullen-coughlin-llc-adds-dfir-professional-chris-ballod-to-incident-response-team-302144257.html

Continue Reading

Artificial Intelligence

QorusDocs’ New AI-Powered Solution, QPilot, Transforms RFP and Proposal Development

Published

on

qorusdocs’-new-ai-powered-solution,-qpilot,-transforms-rfp-and-proposal-development

Specialized, private and secure AI features return immediate ROI to professional services firms
BELLEVUE, Wash., May 14, 2024 /PRNewswire/ — QorusDocs, an AI-powered proposal management software provider, today announced QorusDocs’ QPilot, a new secure and private AI service that exponentially simplifies the task of crafting pitches, proposals and RFP responses for professional services firms.

Core Features Ensure Security, Privacy and Immediate ROI
QorusDocs’ QPilot AI service, built on the Microsoft Azure OpenAI Service, offers unparalleled security and privacy for firm’s private content libraries, past RFPs, proposals and internal content.
QPilot gives users access to pre-built and customizable prompts that make it indispensable for professional services teams, who frequently work with biographies, credentials and project records in volume, and need to craft compelling written and visual presentations.
By allowing secure, targeted access to a firm’s sensitive documents and content, QPilot produces advantages for proposal creators not found in other generative AI software. This allows business development teams to focus on high-value client engagement, instead of mundane tasks.
QorusDocs AI Assistant, QPilot, brings the following benefits to users:
Accelerates research, personalization, and creation of tailored content Streamlines workflows directed towards high-value, winnable bids Integrates seamlessly with Microsoft 365 apps for ease of use “We developed QorusDocs’ QPilot as part of our continued focus on expanding our AI footprint to help service-based businesses revolutionize their proposal process,” said Ray Meiring, CEO and co-founder of QorusDocs. “During our testing phase, we verified common use cases for professional services teams and gathered feedback to ensure the first version of QorusDocs’ AI Assistant, QPilot, returns immediate time to value to our customers.”
The Verdict is in: Customers Love QorusDocs’ QPilot 
“QorusDocs’ AI platform has brought significant efficiency gains to TRC’s proposal process”, explained Dr. Stephen R. Galati, Vice President, Strategic Proposals, TRC Companies, Inc. “Before QorusDocs’ QPilot, we would spend time searching for information and refining it into proposals. Now, with QorusDocs’ QPilot, we’ve experienced notable productivity gains, specifically planning, resource, writing, collaboration and time efficiencies, allowing our team to focus on the technical content rather than stylistic elements. QorusDocs’ seamless integration with Microsoft 365 apps provides fast access to information and gives us a strong level of confidence in data security.” 
Customer and Analyst Acclaim 
Known for its compelling platform, QorusDocs has received top honors by SoftwareReviews in its research analysis. In April 2024, QorusDocs was ranked #1 in product performance and Champion in Emotional Sentiment in the Proposal Management category.
In line with its existing platform, QorusDocs’ QPilot has already earned high praise from customers and analysts who have used the preview version, with 100% of users reporting productivity increases. 
“Generative AI is creating exponential opportunities across the professional services industry, shared Robert Garmaise, Vice President of Artificial Intelligence Research at Info-Tech Research Group. QorusDocs is both a leader and chief catalyst in this transformation, as they streamline critical sales deliverables such as pitches, proposals and RFP responses. QorusDocs is a no-brainer for any professional services partner looking to maximize their reach while minimizing non-billable time.”
QorusDocs’ AI Assistant, QPilot will be available on June 5, 2024.
To see how QorusDocs’ QPilot can transform your proposal processes, visit QorusDocs AI Assistant | QPilot.
ABOUT QORUSDOCS QorusDocs, based in Bellevue, Wash., is a leader in AI-powered proposal management and RFP response software that automates the creation of personalized pitches, presentations, proposals, and RFP responses. QorusDocs empowers business development, sales, marketing, and proposal teams to collaborate seamlessly, optimizing billable hours and increasing client wins. The company supports enterprise revenue teams from companies like WSP, CDW, DLA Piper, Baker McKenzie, Insight and more. 
Logo – https://mma.prnewswire.com/media/1683975/Logo_Full_QD_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/qorusdocs-new-ai-powered-solution-qpilot-transforms-rfp-and-proposal-development-302144247.html

Continue Reading

Trending