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Fiber Optic Testing Equipment (FOTE) Market: Asia Pacific Projected to Remain Most Attractive Regional Market, Says TMRALBANY, New York, May 15, 2017 /PRNewswire/ -- The global market for fiber optic testing equipment features the presence of a large number of companies, operating amid intense competition, observes Transparency Market Research in a recent report. Leading names in the global market, including Anritsu Corporation, Keysight Technologies, JDS Uniphase Corporation, EXFO Inc, and Tektronix Inc resort to market penetration strategy by developing products as per the changing technological needs of the highly dynamic telecommunications industry. Companies are also focusing on geographical expansion to exploit the vast growth opportunities in regions such as Asia Pacific. An instance is the Fluke Corporation. The company has recently acquired small players such as Hawk IR International and eMaint Enterprises. Transparency Market Research estimates that in terms of revenue, the global fiber optic testing equipment (FOTE) market was valued at US$571.87 mn in 2016, and will reach US$936.66 mn by 2025, expanding at a CAGR of 5.7% from 2017 to 2025. Browse Research Report @ http://www.transparencymarketresearch.com/fiber-optic-testing-equipment-market.html Asia Pacific Accounts for Massive Chunk of Revenue In terms of application, the segment of installation and maintenance dominated the global market, accounting for a massive 68.4% of the market in terms of revenue in 2016. This segment is projected to retain its leading position across different regions over the report's forecast period as well. Over the forecast period, the segment of measurement solutions is projected to witness significant growth owing to the large scale application of fiber optic testing equipment in the telecommunication industry. From a geographical perspective, the Asia Pacific market, with a 54.5% of the overall revenue in 2016, holds a prominent position in the global market for fiber optic testing equipment. The region is also expected to emerge as the most attractive regional market for fiber optic testing equipment in terms of future growth potential. The thriving telecommunication industry of the region is one of the key drivers of the market and is expected to continue to drive the market over the next few years as well. Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23891 Advancements in Network Infrastructure Remains Key Growth Driver Rapid advancements in network infrastructure across developed and developing economies is one of the key factors to have boosted the global uptake of fiber optic testing equipment in the past few years. The telecommunications industry in Asia Pacific, for instance, is focusing on the implementation of 5G network before the winter Olypics in 2018 slated to be held in Tokyo, Japan. Attempts aimed at the implementation of advanced telecommunication technologies such as 5G will fuel the demand for fiber optics, which, in turn, is expected to have a significant positive impact on the demand for fiber optic testing equipment in the next few years. The market faces challenges such as the dearth of professionals specializing in the overall functioning of fiber optic testing equipment and their application in new technologies such as LTE (Long-term Evolution) and LTE M2M (machine-to-machine) owing to their high level of complexity. Employing the proper skilled and trained personnel to work around these technologies could be a costly affair, which is an additional cost of operating the already costly product varieties such as remote fiber test system fiber optic testing equipment. Thus, the high cost of operation and dearth of skilled workforce are expected to hamper the growth prospects of the global fiber optic testing equipment market to a certain extent over the forecast period. Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/fiber-optic-testing-equipment-market.htm This analysis of the global fiber optic testing equipment market is based on a recent report published by Transparency Market Research, titled "Fiber Optic Testing Equipment (FOTE) Market (Product Type - Optical Time Domain Reflectometer, Optical Light Source, Optical Power Meter, Optical Loss Test Set, Optical Spectrum Analyzers, and Remote Fiber Test System; Application - Research and Development, Installation and Maintenance, Measurement Solutions, Safety and Monitoring Solutions; Construction - Portable/Handheld and Bench Top/Rack Mounted) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025." For the study, the market has been segmented as follows: Global Fiber Optic Testing Equipment (FOTE) Market: By Geography
Global Fiber Optic Testing Equipment (FOTE) Market: By Product Type
Global Fiber Optic Testing Equipment (FOTE) Market: By Application
Global Fiber Optic Testing Equipment (FOTE) Market: By Construction
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http://www.transparencymarketresearch.com/fiber-optic-connectors-market.html
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Website: http://www.transparencymarketresearch.com SOURCE Transparency Market Research 
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