The future is fiber. We are not just saying it for the sake of it. The statistics say it all! The value of the fiber optics market will grow up to $7 billion by 2024. In fact, more than 3.5 billion km of optical fiber is already installed worldwide.
Still, many wonder how it is different from traditional cable and how it can improve day-to-day operations. To begin with, let's get one fact clear, fiber optic cable is the fastest form of data transfer. It will eventually become industry standard. Those who are still unaware of the concept are about a digital journey through the internet transmitted in the form of light pulse flashing through long, optical fibers.
In fact, around 500 million km of optical fibers are made every year. You can't expect any modern convenience without them. In fact, they are key for the upcoming 5G technology and FTTx environment. But how is it helping the telecom industry to grow and vice versa? How will the telecom industry be a trigger to revamping optical fibers?
Let's talk about it in detail below!
Telecom Industry and Fiber Optics: What's Changing?
Everyone wants faster internet speed. And with the fierce competition between telecom and cable companies, it only enables access to the internet with unlimited bandwidth. All of this was possible because of the installation of optical fiber. And with the demand for bandwidth increasing at a growth rate of 70%, its adoption will grow even more. In fact, by 2025, with the increased adoption of FTTx, 5G, and IoT, there will be a need to increase fiber connectivity.
Many believe that by 2024, governing bodies will spend around $14 billion as optical fiber investment in a country like India. Global telecoms like AT&T and Verizon will also strategically invest in this niche. Clearly, the fiber optics market needs to move from the traditional methods to meet the needs of the growing TMT industry.
Read More :- https://www.pukkapartners.com/insight/how-to-revamp-the-optical-fibers-to-level-up-with-the-growing-tmt-industry
Final Takeaways: Optical Fiber Network is the Future of TMT industry
Optical communication is gradually becoming a need since it’s transforming information exchange. The upstreaming and downstreaming applications are becoming a driving force for this application. This is why it is quite recognized in the entertainment, commercials, and industrial communication sectors.
And with growing advancement in technologies, it is growing even more than anticipated. For instance, Wi-Fi 6 now offers speeds at least 40% more than its predecessor. Another passive optical network allows around 10 GB of data transmission within a shared network. Terabit ethernet supports transmission rates up to 200 and 400 gigs per second.
Besides that the increased speed and capacity from 5G will rely on higher frequencies and network densification. And one can achieve that using deep fiber networks. Since there will be a four-fold increase in the mobile data traffic, this will even become one of the important things to increase the capacity for residential and business customers. Also, wireless broadband access will be one of the drivers to inclusion of optical fibers in the coming years.
In short, larger bandwidths, reduced latency, and packet loss are considerably reduced using these new-age technologies. And that’s how TMT businesses can improve their customer service and manage the changing consumer demands.
At the same time, fiber networks need to be prepared for the growing demand of higher data and faster network connectivity. Or else it will only create chaos.
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