5G Propelling Rapid Growth in Optical Transceiver Market: Report
The global optical transceiver market size is expected to grow from $11.54 billion this year to $47.64 billion by 2035, a compound annual growth rate of 13.75%, ResearchAndMarkets.com said Friday. The sector “is witnessing substantial growth, propelled by the rising…
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need for high-speed internet, data centers and the emergence of 5G technology,” the report said. “Widespread adoption of smartphones, tablets, and other connected devices has resulted in a dramatic surge in data traffic, necessitating a more dependable network infrastructure.”