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Fiber Optics Market by Application and Region - Global Forecast to 2024 | TechnavioThe new fiber optics market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201109005774/en/ Technavio has announced its latest market research report titled Global Fiber Optics Market 2020-2024 (Graphic: Business Wire) Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the fiber optics market. Download free report sample "One of the primary growth drivers for this market is the Increase in the Number of FTTH Homes and Subscribers," says a senior analyst for the Industrials industry at Technavio. The increase in the number of FTTH homes and subscribers is the key factor driving market growth. A higher number of customers are opting for fiber optic connections to leverage broadband services. This reduces the requirements for customer premises equipment (CPE) and distribution point unit (DPU). Moreover, the increasing demand for faster Internet has encouraged various companies to activate the transition to FTTH, which enables high-speed internet access with faster voice and video services. Therefore, the increasing need for faster Internet will boost the demand for fiber optics over the next few years. Thus, the increase in the number of FTTH homes and subscribers will drive the fiber optics market growth durin the forecast period. As the markets recover Technavio expects the fiber optics market size to grow by USD 2.44 billion during the period 2020-2024. Fiber Optics Market Segment Highlights for 2020
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201109005774/en/ |