New York, US, June 21, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Fiber Optics Market information by Mode Type, Application, End-User and Region – Forecast till 2026”, market size is expected to grow from USD 8,130.0 million in 2019 to USD 14,194.0 million by 2026, at a compound annual growth rate of 8.4%.
With developments in end-use applications across numerous business sectors and the migration from traditional server-based operations to cloud-based platforms, the demand for high bandwidth connectivity is increasing. This has reduced the need for physical computing resources since cloud platforms provide benefits such as lower operating costs, improved data security, no need to invest in and maintain expensive IT infrastructure, easy application deployment, and accessibility to anyone in remote locations. Furthermore, the need for 5G…