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The global fiber optic connectors and cables market size reached USD 5.72 Billion in 2022 and is expected to register a revenue CAGR of 9.2% during the forecast period, according to latest analysis by Emergen Research.

Read More: https://www.emergenresearch.com/industry-report/fiber-optic-connectors-and-cables-market

Growing demand for digital communication and data is one of the key factors driving revenue growth of the fiber optic connectors and cables market. A surge in the number of data center facilities and high demand for Fiber To The Home (FTTH) are a few of the major factors further contributing to revenue growth of the market. Fiber optic cables are becoming increasingly popular owing to scalability and cost-effectiveness.

Rising demand for data security coupled with an increase in data transmission with rapid digitalization are some of the major factors driving revenue growth of the market. Fiber-optic cables transfer data through the light which makes it reliable for transferring data without the fear of being tapped on.