Global Optical Fibre Markets to 2023: Evolution of 5G Network, Increasing Popularity of Cloud Computing, Rising Numbers of Video on Demand (VoD) Users

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Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.

The global optical fibre market is forecasted to grow at a healthy rate during the forecast period (2019-2023).

The market is supported by various growth drivers such as increase in global internet traffic, spike in the number of smartphone users globally, hike in adoption of Fibre to the Home (FTTH), initiatives by governments of various countries to boost OFC deployment, strategic initiatives such as product launches and collaborations undertaken by key players to strengthen their respective optical fibre businesses and cater to surging demand for high bandwidth from customers simultaneously. High cost of OFC deployment and installation barriers of optical fibres are some of the challenges faced by the market.

Evolution of 5G networks, increasing popularity of cloud computing, rising number of video on demand (VoD) users and growth in Internet of Things (IoT) installed base are some of the trends in the market that have been captured in this report.

Yangtze Optical Fibre & Cable Joint Stock Limited Company (YOFC), Corning Incorporated, Prysmian Group, and Fujikura Group are some of the major players operating in the global optical fibre market whose company profiling has been done in this report. In this section of the report, the business overview, financial overview and business strategies adopted by the respective companies have been provided.

This report includes the analysis of the global optical fibre market in terms of value, segments and demand volume. The report also includes country/regional analysis of the market for India, China, North America, and Europe.

Under the competitive landscape, players operating within the global optical fibre market have been compared on the basis of revenue and market capitalization. This is followed by the analysis of the global optical fibre market players in terms of share.

Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall optical fibre market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

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Related Topics: Optoelectronics , Telecommunications Equipment

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Globe Newswire: 14:01 GMT Friday 12th July 2019

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