Global Fiber Optic Connectivity Market was valued US$ 2.06 Bn in 2019 and is expected to reach US$
4.19 Bn by 2026, at a CAGR of 10.68 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision makers to prepare the outline
for short term and long term strategies for companies by region.
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Fiber optic connectivity is a communication exchange technology in which information from one place
to another is transferred with the help of light through an optical fiber. Fiber optic connectivity offers
high-speed data transmission.
The market is witnessing vibrant growth on the account of growing demand for energy efficient
solutions across the various industries coupled with low cost associated with the data transfer. This is
expected to boost the growth of fiber optic connectivity market during the forecast period. The growing
technological advancement in the field of communication technology is also major reason for the
growth of fiber optic connectivity market.
Technical and operational issues such as attenuation, dispersion, data and signal losses associated with
fiber optics are expected to restrain market growth. Additionally, booming growth of wireless
networking systems across the world is also hampering the fiber optic connectivity market in long-term.
However, the growing technical issues related to fiber optic fiber optic connectivity market is expected
to restrain the growth of market during the forecast period.
Based on a component, the hardware component of the market is anticipated to account for more than
75% of the global market during the forecast period because of the strong dema