Fiber Optic Network Equipment Market : Outlook, Trend, Growth And Share Estimation Analysis 2018 - 2026
According to a new market report published by Transparency Market Research, the global fiber optic connectivity market is expected to reach a value of US$ 4,194.6 Mn by 2026, owing to the increasing usage of optical components in energy efficient networks. The market is projected to expand at a CAGR of 10.5% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to experience healthy growth followed by Middle East & Africa during the forecast period. Smart cities segment holds the dominant share in the global fiber optic connectivity market, due to increasing developments and investments in smart city projects across the globe. Low total cost of ownership and high return on investment driving the global fiber optic connectivity market Optical components help in saving the total cost of ownership by a huge margin, as the cost of installation of fiber optic equipment and components is low. In a fiber optic network, the closet and switches can be m...