According to latest research by Future Market Insights, Fiber Optic Labels market is set to witness tremendous growth during 2021-2031 with CAGR of 10.0% between 2021 and 2031. Demand has already increased in the short-term, with bullish growth outlook in the long-run as well. Growing demand for high bandwidth communication is propelling the growth of the market. The core fields of telecommunications and information technology (IT) have a wide variety of applications. The rise of fiber-rich networks has sparked a massive increase in demand for these labels.
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What is Driving Demand for Fiber Optic Labels?
Since optical fiber cable is one of the primary medium for transmission of data from one point to the other, hence it is mainly used in telecommunication industry. Telecommunication is the largest end-use industry as its sales goes parallel to the fiber optic cable. Because of the rising usage of mobile devices and the associated bandwidth access, the industry is rapidly expanding.
The telecommunications industry is being considered a key factor for market developments in broadband networks and huge data management. The number of connected devices is increasing continuously, with the expansion of device utilization and connectivity.
Growing Trend of ‘Word from Home’ to Further Augment Fiber Optic Labels Demand
The internet is a worldwide network of interconnected computers. Fiber optics serve as the internet’s backbone, with optical fibre cables serving as the medium for transmitting data from one location to another. In 2018, 51.2 percent of the world’s population used the internet, according to the International Telecommunication Union (ITU). In 2018, the number of internet users increased by about 45 percent. The growing importance of cloud computing, data transfer and storage, and IoT is driving the use of internet.
According to IEA (International Energy Agency), the number of internet users is expected to increase from 3.6 billion in 2018 to 5.0 billion by 2025. Moreover, the number of IoT connections is expected to increase from 7.5 billion in 2018 to over 25.0 billion by 2025.
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Who are the Key Manufacturers and Suppliers of Fiber Optic Labels?
Some of the leading manufacturers and suppliers of Fiber Optic Labels include
- Industrial Labelling Solution
- Brady Worldwide Inc.
- Blue Helix Ltd.
- Panduit
- ZipTape Label ID Systems
- Marking Services Inc.
- Cable Label Co. Ltd.
- Eaton Corporation PLC
- 3M Company
Fiber Optic Labels Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumersz
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