Due to Emergence of the IoT and M2M Technologies, Optical Networking and Communication Market Is Poised to Surpass $32.8 Billion by 2030
The global optical networking and communication market is predicted to attain a revenue of $32.8 billion by 2030, according to a report by P&S Intelligence. The market is being driven by the rising requirement for high bandwidth, emergence of M2M and IoT technologies, and increasing mobile data traffic. In addition to this, the rising need for higher bandwidth is predicted to open up opportunities for telecommunication carriers and services providers in a number of areas.
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