Why is the need for optical cables growing?
The fiber optics market is predicted to grow from USD 2.75 billion in 2016 to approximately USD 3.72 billion by 2022. That’s just above a 5.2% rise each year between 2017 and 2022. What’s causing this continual increase and how have cables become so popular in the first place?
One explanation is the simultaneous, drastic increase in the amount of data the world is producing. According to IDC’s forecast, by 2025 the “global datasphere” (the sum of all data created, captured and replicated) will grow to 163 zettabytes – a tenfold increase of the 16.1ZB of data generated in 2016. The volume of data is going up and so is the demand for data transportation, which is where the optical cable steps in…(Read the full story)