The contemporary technology regime is witnessing a massive increase in the number of data centers across the world which is creating a significant demand influx in the active optical cable market. This is particularly because of the cable’s capacity of high bandwidth data transmission, lightweight, minimal distortion, and less chances of power leakage that also makes it useful for the uninterrupted power supply. Furthermore, the market is also experiencing some lucrative opportunities due to the demand emerging from the consumer electronics & telecom sector and the advent of digital signage is further augmenting the [FURL=https://www.industryarc.com/Report/15332/active-optical-cable-market.html]active optical cable market[/FURL] active optical cable market size that was evaluated at $815 million as of 2018. While these factors are producing some lucrative opportunities, the foreseeable future of the Internet of Things (IoT) is creating new horizons for players in terms of the active optical cable market share.The growth of the active optical cable market can be further gauged by the increasing trade of entities belonging to the parent industry. The trade value of entities including active optical cables was $130.81 billion in 2018, and the figure had witnessed a year on year growth of 11%. Some part of this increase in trade value is attributable to the growing demand for active optical cable market because of which the companies are striving to expand their capacities in order to gain the maximum active optical cable market share.
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The upcoming years are poised to experience further proliferation of data centers worldwide, which will further augment the active optical cable market size at a staggering CAGR of 32.91% during the forecast period 2019-2025.
Active Optical Cable Market – Global Scenario and Growth Drivers:
· The Key Application in the Active Optical Cable Market: Data Centers to Increase at a Robust CAGR of 31.28% through to 2025 -
The growth prospects for the active optical cable market players in the data centers application segment is attributable to the fact that cloud market has been gaining a lot of traction from the digital customers. Global internet traffic is tripled since 2015, and it is expected to further double by 2022 to 4.2 zettabytes per year. Furthermore, the number of IoT users is also increasing from 7.5 billion in 2018 to 25 billion by 2025.
· The Global Consumer Electronics Industry Expanding the Active Optical Cable Market Size -
The expansion of the consumer electronics industry worldwide is palpable in the growing number of mobile subscribers or smartphone users. The number of unique mobile subscribers were 5.1 billion in 2018, and the figure is projected to attain a value of 5.8 billion by the end of 2025.
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