Fiber optic Components Market Projected to reach 27.60 Billion USD by 2023
The fiber optic components market is expected to grow from USD 17.15 Billion in 2018 to USD 27.60 Billion by 2023, at a CAGR of 10%. The factors that are driving the growth of this market are the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63775446 Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age. To satisfy the demands of higher bandwidth and more applications in a variety of cloud computing environments, active optical cables (AOCs) have been developed. Fiber optic components market for 100G expected to lead the fiber optic components market between 2018 and 2023 The fiber optic components ...