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25 Billion Connected Devices by 2020 to Create Demand for the Global Fiber-optic Connector Market, Says TechnavioThe global fiber-optic connector market is expected to grow at a CAGR of close to 10% during the period 2016-2020, according to Technavio's latest report. In this report, Technavio covers the market outlook and growth prospects of the global fiber-optic connector market for 2016-2020. It also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market, as well as other prominent vendors. In addition, it contains a detailed discussion of the major drivers influencing the market's growth, outlines the major challenges faced by vendors and the market as a whole, and examines key trends that are emerging in the market. "The global telecom sector is growing immensely in emerging countries. Data traffic and the use of mobile broadband will increase in African countries such as South Africa, Botswana, Ghana, and Nigeria due to factors such as a beneficial environment for investment and customer services, during the forecast period. Latin American mobile network operators are also increasing their investments in network infrastructure due to burgeoning customer demand for mobile data," says Asif Gani, a lead embedded systems research expert from Technavio. Technavio's hardware and semiconductor research analysts segment the global fiber-optic connector market into the following regions:
APAC: increase in internet penetration in emerging APAC countries such as China and Japan to boost growth The fiber-optic connector market in APAC is estimated to grow at a CAGR of more than 12% during the forecast period. An increase in internet penetration in emerging APAC countries such as China and Japan, along with the need for high-speed internet connections, is driving the demand for cables and connectors in the region. The growing need for greater bandwidth is increasing the requirement for fiber-optic interconnectivity to support rising data traffic. China has rapidly growing consumer electronics and automotive markets, with communication terminal products driving the production of connectors. Japan has more than 70% penetration of fiber-optic links. It is home to two of the major fiber-optic connector companies, Furukawa and Sumitomo, which contribute a large part of the market. "From the application perspective, the automotive electronics parts, computer and peripherals, telecommunication and data communications, industries, and military and aviation markets will drive the growth of the segment during the forecast period," says Asif. Ask for a sample of this report: http://goo.gl/qYK5Jn North America: increased adoption of fiber-optic connectors in data centers, enterprises, and security sectors The fiber-optic connector market in North America is estimated to grow at a CAGR of close to 12% during the forecast period. North America is expected to increase its adoption of fiber-optic connectors in data centers, enterprises, and security sectors. IT departments use fiber-optic connectors to improve their network infrastructure and increase operational efficiency. These connectors are highly reliable and offer high bandwidth with improved security. The outlook for network equipment spending in North America remains robust and is mostly driven by the move to cloud architectures and the never-ending quest to make IT infrastructure more secure. Companies such as Google and Microsoft (News - Alert) are driving the fiber-optic market in the region. CenturyLink is planning to expand Fiber to the premises (FTTP) into Denver and Portland. Cox (News - Alert) Communications has announced its plans to bring one-gigabit speed to residential customers in all its markets by the end of 2016. Europe: continued structural growth in fiber rollout The fiber-optic connector market in Europe is estimated to grow at a CAGR of close to 13% during the forecast period. Fiber to the home (FTTH) is the use of optical fiber to transfer communication signals from the operator's switching equipment to a home or an enterprise, thereby replacing existing copper infrastructure such as telephone wires and coaxial cables. Europe is making progress in FTTH penetration. By September 2015, there were more than 35.9 million FTTH/B subscribers in Europe. In 2015, there was continued structural growth in fiber rollout throughout Europe, which is expected to grow during the forecast period with increasing penetration rate. The top vendors in the global fiber-optic connector market highlighted in the report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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