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Global Fiber Market Will Grow At A Compound Annual Growth Rate Of 5.8%
May 10, 2018

Global fiber market will grow at a compound annual growth rate of 5.8%

 

According to a report released recently by Absolute Markets Insights, a market research institution, the global fiber optic cable market will reach US$13.87 billion by 2021, with a compound annual growth rate of approximately 5.8%. The report pointed out that the increase in demand for long-distance data transmission and the increase in network traffic are driving the market to grow continuously. In addition, the popularity and use of mobile phones and other handhold devices (such as tablets and laptops) have also become an important driver. It is worth noting that the fiber optic cable global market in 2017 was approximately US$11.07 billion, with the Asia Pacific region accounting for the highest share.


Global fiber market will grow at a compound annual growth rate of 5.8%.jpg


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