Fiber Optics Market Size To Reach USD 11.18 Billion In 2030 | Rising Demand For High-Speed Internet Connectivity In Various Sectors Globally Is Driving Fiber Optics Market Revenue Growth, Says Reports and Data
Technological advancements in global telecom industry is resulting in increased deployment of broadband network and this is expected to drive fiber optics market revenue growth.
- Technological advancements in global telecom industry is resulting in increased deployment of broadband network and this is expected to drive fiber optics market revenue growth.
- Optical fibers work on this principle as it has applications in areas, such as optical finger printing devices and telecommunications.
- Rising demand for several other services, such as Video-on-Demand (VoD), cloud-based services, and audio-video services are driving demand for fiber optics in the telecommunication industry.
- Additionally, expansion of IT & telecom sector is expected to create lucrative revenue growth opportunities for players operating in the fiber optics market in the region.