TALKING BUSINESS
ZION REPORT SHOWS FIBRE OPTIC
MARKET DUE TO GROW IN MIDDLE
EAST AND AFRICA
Despite Silex’s developments
diminishing the need for cabling in
the workplace, the forecast for the
fibre optic cable market in Africa is
predicted for tremendous growth,
according to Zion’s latest report.
Zion Market Research published a
new report in January 2017 titled
‘Fiber Optics Market for Telecom &
Broadband, Healthcare, Defense,
Private Data Networks, and Other
Applications: Global Industry
Perspective, Comprehensive
Analysis, and Forecast,
2016-2022’.
According to the report, the global
fibre optics market was valued
at around USD 2.75 billion in
2016 and is expected to reach
30
INTELLIGENTCIO
approximately USD 3.72 billion in
2022, growing at a CAGR of slightly
above 5.2% between 2017 and 2022.
In the Middle East and Africa, growing
penetration of smart devices and
Internet usage is expected to offer
tremendous growth over the forecast
period. Expansion of undersea fibre
optic networks has led considerable
growth in terrestrial fibre optic
networks in many African and Middle
Eastern countries. In addition, few
Middle East and Africa households
and businesses are connected
to working landlines at present.
Therefore, where there are not already
telephone landlines in place, it is
easy for telecoms to skip landline
deployment completely to support of
fibre optic networks.
The major factors which are driving
the fibre optics market growth
include increasing demand of fibre
optics in different avenues such
as the telecommunication sector,
private data networks and others.
Growing demand for high-speed
Internet is also impelling the
demand of fibre optics market.
However, some restraining factors
which are hindering the growth of
the fibre optics market are the high
cost of raw material and complex
manufacturing process.
Nonetheless, rising demand for a
remote sensing technique which
allows data transmission without
any physical medium will fuel the
fibre optics market growth in the
years to come.
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