- People working in fiber optic network projects and equipment manufacturing divisions are concerned about the future of fiber optic market. The stability in fiber optic market has been in doubt especially after crisis in global oil price that brought financial crisis to many countries in the middle east Asia. Tr s. and also the stagnant economy in Europe. Governments have limited funds to support telecom projects.
A recent research report by ResearchAndMarkets shows promising growth that will bring relief to the professionals in the fiber optic industry. The report says the fiber optics market will grow at a CAGR of 9.49% during the period 2016-2020.
According to the report, the growing demand for increased network bandwidth is the primary growth driver for this market. With the proliferation of mobile computing devices, such as smartphones, tablets, and wearables with new capabilities, and the emergence of disruptive technologies that shift the bandwidth usage, the need for fiber optics is envisaged to increase rapidly during the forecast period.
Further, the report states that one of the major challenges faced by vendors in the market is the high initial investment required to deploy optical networks.
Key questions answered in this report:
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Some of the vendors covered in the report includes;
Yangtze Optical Fibre & Cable
Those interested in the report may visit the site: Research And Markets