Shashie Pawar

3 months ago · 1 min. reading time · visibility 0 ·

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Optical Transceiver Market Is Likely To Register Double Digit CAGR to 2023

In its research report, Market Research Future (MRFR), emphasizes that the global market 2020 is slated to grow exponentially over the assessment period, securing a significant market valuation and a healthy CAGR over the review period. The optical transceiver market is slated to expand at a significant pace because of growth in fiber optical network adoption. The major factors driving the growth of the optical transceiver market include rising internet data traffic, increasing demand for smartphones and other smart devices, and increasing cloud-based services adoption. The business is, however, limited by the lack of network availability. At the other hand, the industry is witnessing several opportunities in developing cheaper and more effective transceivers, and development in the Internet of Things marketing. The optical transceiver market is expected to show significant growth rate and is expected to reach maturity by 2025.

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