Global Fiber Optic Connectors Market 2016-2020 - Growth in Number of Data Centers Globally / Development of Wireless Networking Systems / High Investments by Governments and Organizations - Research and Markets

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Aug 25, 2016, 09:10 ET

DUBLIN, August 25, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Fiber Optic Connectors Market 2016-2020" report to their offering.

The global fiber-optic connector market to grow at a CAGR of 9.65% during the period 2016-2020 The report covers the present scenario and the growth prospects of the global fiber-optic connector market for 2016-2020. To calculate the market size, the report considers the sale of different types of fiber-optic connectors to the telecom (datacom) and computer and peripherals industries and the military segment. The report also includes a discussion of the key vendors operating in this market.

Growth of undersea fiber-optic connections will be a key trend for market growth. Due to increasing offshore petroleum exploration and production, the industry is looking at new ways to enhance operating efficiencies and improve recovery of petroleum reservoirs. It is considering optical fiber as a good option as it can carry higher data rates over longer distances than copper cables. By 2020, an increase in subsea processing will generate more data, which will make the high bandwidth and longer transmission distances of optical fibers more attractive. More information gathered throughout the system makes for a more meaningful analysis.

According to the report, one of the key drivers for market growth will be increase in number of data centers on a global level. The number of data centers is increasing globally due to technological advances. Cloud computing has become an effective way to access data worldwide. Further, the use of compact devices such as smartphones, tablets, and smart wearable devices is flourishing rapidly. Data centers provide high-performance computing across multiple industry verticals and, therefore, help foster more technological innovations.

Further, the report states that high initial investment will be a challenge for the market. The installation of a complete fiber-optic system requires high investment consideration with planning and implementation. While selecting the system, the user has to decide the equipment transmission format (analog or digital), the availability of digital transmission hardware, the need for multimode or single-mode fiber, and the type of fiber connectors to be used. The fiber-optic service is more expensive than the basic cable service. Despite a fall in prices due to an increasing number of providers offering this service, it is more expensive than copper cable options.

Key vendors