Internet usage has increased with the commencement of advanced technology apropos to data transfer and storage, cloud computing, and IoT. Enterprises and individuals are turning to cloud spaces to perform various operations. Apart from that, different sources such as e-commerce, computer networks and different forms of multimedia, are also generating data traffic in huge volume. This has led to the rapid expansion of Internet bandwidth, and the pervasiveness of Internet services. Lit fiber fiber has thus, emerged as the ideal solution due to their comparatively endless bandwidth. Moreover, it transfers data at much faster speeds than traditional copper cables, Hence, facilitating huge data backhauling at high speeds, in turn, increasing reliability and lowering latency. Such a landscape is anticipated to unravel novel growth opportunities for the global lit fiber market.
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Paced Demand for FTTx to Aid in Lit Fiber Market Expansion
Fiber to the x (FTTx) is a collective term for optical fiber delivery topologies FTTH, FTTB, FTTP, FTTN, and FTTC. FTTx utilizes lit fiber to transport data in a local loop for last-mile communications owing to its ability to support greater bandwidth at quicker speeds. With the advent of advanced applications such as video technology, OTT and IoT, the network topologies such as FTTH and FTTB are becoming even more significant. As a result of this, lit fiber has become an essential component for network evolution. The growing significance of lit fiber is propelling its demand around the globe. Against this backdrop, the global lit fiber market is likely to build on the same momentum, creating promising growth prospects throughout the projection period.
Multimode Fiber Cable to Gain Prominence in Global Lit Fiber Market
The multimode fiber cable is considered the most critical mode of transmission for short l instances. The cables facilitate the smooth transfer of light beams with higher attenuation and less brightness. It has found major applications in video surveillance and LAN (Local Area Network) networks. Now, the escalated internet usage for video chats, gaming, online shopping and social media has also generated the need for high bandwidth from businesses and consumers. This burgeoning demand for larger bandwidth and quicker connection speeds is projected to promote the adoption of multimode fiber cable. Consequently, the elevated demand for swift data transmission is projected to drive the global lit fiber market toward fruition.
Asia Pacific to Sustain Dominance in Global Lit Fiber Market Owing to Rising Technological Developments
Asia Pacific is projected to hold a lion’s share in the global lit fiber market. This can be mainly attributed to continuous technological breakthroughs and its widespread use in the Information Technology, telecommunications, and administrative industries. The government authorities in the region are also heavily investing in the development of telecommunications services. Furthermore, the burgeoning IT and telecom sectors have led to the growing deployment of FTTH (Fiber to the Home) connectivity and data centers. The aggregated force of these key factors is expected to create tremendous growth prospects across lit fiber market in the region throughout the forecast period.
Lit Fiber Market – Key Players
Some of the major players in the global lit fiber market include Attice USA, AT&T, Crown Castle Fiber, Comcast, GigabitNow, Frontier, Spectrum Enterprise, Lumen, Zayo, and Verizon.
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