Growing construction of data centers especially modular data centers is anticipated to catalyze the adoptions of ribbon fiber optic cable whose market is forecasted to grow at a CAGR of 8.9%
Published Date : 01/02/2018
According to a new market research study titled 'Ribbon Fiber Optic Cable Market to 2025 - Global Analysis and Forecasts by Type, Cable Type and Application', the global ribbon fiber optic cable market was valued at US$ 2066.1 Mn in 2016 and is estimated to reach US$ 4370.3 Mn by 2025. The report highlights the trends prevalent in the global ribbon fiber optic cable market and the factors driving the market along with those that act as deterrents to its growth.
Several major cloud providers are planning to construct their data centers in European countries. For instance, Amazon is planning to build a US$ 1.08 Mn (Euro 1 Mn) data center in Dublin; IBM plans to open three data centers in UK; also, after two data centers in Ireland and Denmark, Facebook is announced to construct its third data center in Denmark. Furthermore, Interxion has plans to invest US$ 87.8 Mn (Euros 83 Mn) to construct new data center facilities in London, Frankfurt, and Stockholm. This constant growths in the numbers of data centers to be constructed in the near future will help the vendors in the supply chain of data center construction to look forward to the opportunities prevailing in the market. With the exponential growth in internet utilization, development of advanced software & application system and increase in the number of interconnected devices in public & private network, there followed an ever increasing volume of data.
The need to store and process this large volume of data has encouraged the companies to adopt advanced storage and processing solutions thus driving the data center. Digitization across industry verticals, big-data technologies, growth in e-commerce and development in advanced analytical techniques are making data centers as one of the fastest growing users' electricity in developed economies and is one of the major driver of the growth in the construction of power plants.
In our study, we have segmented the Ribbon Fiber Optic Cable market by Type, Cable Type, and Application. The market for Ribbon Fiber Optic Cable has been segmented on the basis of Type into Single-mode and Multi-mode ribbon fiber optic. The market has been further bifurcated for the two different types of cabling in which these ribbon fiber optics come. Gel filled and dry tubes are the two cabling types for ribbon fiber optic cables and form the basis for segmentation of our market. Also, ribbon fiber optic cables market has been segment on the basis of applications into Data Centers, Telecommunications and Others. On the basis of geography, the Ribbon Fiber Optic Cable market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The automobile industry is expected to witness a rapid growth and drive the growth of Ribbon Fiber Optic Cables market. Players having a good hold over the Ribbon Fiber Optic Cable market can look to venture into providing NFC solutions with their car models. The key players profiled in the report are CommScope, Inc., Corning, Inc., Prysmian Group, Fujikura Ltd. and The Siemon Company. Also, OFS Fitel, LLC, Sterlite Tech, Nexans, Sumitomo Electric Lightwave Corporation and Yangtze Optical Fiber and Cable Joint Stock Limited Company are other key companies in the ribbon fiber optic cable market.
The report segments the global ribbon fiber optic cable market as follows:
Global Ribbon Fiber Optic Cable Market - By Type
Global Ribbon Fiber Optic Cable Market - By Cable Type
Global Ribbon Fiber Optic Cable Market - By Application
Global Ribbon Fiber Optic Cable Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)