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Optical Fiber Market is expected to reach US$ 18.76 billion by 2030

Optical Fiber Market share is expected to grow at a CAGR of 9.1% during 2022-2030, to surpass US$ 18.76 Billion by 2030, from US$ 9.32 Billion in 2022.

By The Insight Partners

Adoption of Machine Learning (ML) and Artificial Intelligence (AI) to Provide Opportunities for Optical Fiber Market During 2022–2030

According to our latest market study on "Optical Fiber Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, Mode, Composition, and End-User," the market was valued at US$ 9.32 billion in 2022 and is expected to reach US$ 18.76 billion by 2030; it is estimated to record a CAGR of 9.1% from 2022 to 2030.

The increasing advancement in artificial intelligence (AI) and machine learning (ML) technologies has opened up a world of possibilities across various industries. These transformative technologies are driving innovation, automation, and efficiency, presenting a unique opportunity for the optical fiber market. As AI and ML applications continue to increase, the demand for robust and high-speed data transmission becomes paramount. Optical fiber networks are well-suited to meet the requirements of AI and ML systems because of their ability to handle large volumes of data with minimal latency. These technologies heavily rely on the seamless and reliable transfer of data for real-time analytics, decision-making, and prediction capabilities. The low latency and high bandwidth offered by optical fiber networks enable the transfer of data with minimal delays, ensuring the efficiency and effectiveness of AI and ML algorithms.

Optical Fiber Market – by Geography, 2022

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPTE100000234

Source: The Insight Partners Analysis

Moreover, the increasing adoption of AI and ML in various industry verticals, such as healthcare, finance, manufacturing, and transportation, requires a strong foundation of connectivity. Optical fiber networks provide the necessary infrastructure to support the massive data transfers required by AI and ML applications. The high-speed capabilities of optical fiber enable the rapid transmission of data between servers, cloud platforms, and edge devices, facilitating the seamless operation of AI and ML. Additionally, as AI and ML applications become more sophisticated, the need for edge computing and decentralized data processing is growing. With their ability to connect remote locations and handle high-speed data transfers over long distances, optical fiber networks are essential for enabling efficient edge computing infrastructure. This enables real-time decision-making and reduces the dependence on centralized data centers, ensuring faster response times and improved overall performance for AI and ML systems.

Corning Inc, Prysmian SpA, Jiangsu Zhongtian Technology Co Ltd, Yangtze Optical Fibre and Cable Joint Stock Ltd, Fiberhome Telecommunication Technologies Co Ltd, Furukawa Electric Co Ltd, CommScope Holding Co Inc, Nexans SA, Sumitomo Electric Industries Ltd, and Coherent Corp are among the key optical fiber market players profiled in the report. Several other major optical fiber market players were also studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The optical fiber market report provides detailed market insights, which help the key players strategize their growth.

 

The optical fiber market in the UK has undergone substantial growth and transformation in recent years. With the growing demand for high-speed internet connectivity and the increasing need for reliable and efficient communication networks, optical fiber has emerged as a crucial technology in the UK. One of the key aspects contributing to the optical fiber market growth in the UK is the government's commitment to improving digital infrastructure. The UK government has invested heavily in initiatives such as the Broadband Delivery UK (BDUK) program, planning to provide superfast broadband to 95% of the country’s premises. These initiatives have led to a significant expansion of optical fiber networks across the country. Further, the rise of data-intensive applications, such as cloud computing, video streaming, and Internet of Things (IoT) devices, has fueled the demand for high-capacity networks. Optical fiber offers the necessary bandwidth and reliability to support these applications, making it the preferred choice for network infrastructure.

In terms of market players, several telecommunications companies and network providers have made substantial investments in deploying and expanding optical fiber networks in the UK. For instance, Openreach, a subsidiary of BT Group, has been actively involved in rolling out fiber-to-the-premises (FTTP) technology, aiming to reach millions of homes and businesses with ultrafast broadband connectivity. Thus, all the above factors are fueling the optical fiber market growth.

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