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STL POSITIONED FOR GROWTH WITH RISING FIBRE DEMAND
The Sunday Guardian
|May 19, 2024
The demand for fibre optic technology is expected to grow significantly in the coming years due to its wide range of applications in areas such as cloud computing, 5G, IoT, artificial intelligence, and smart cities. Optical fibrebased network deployments have evolved during the last decade to meet the requirements of modern-day technology applications.
The market share of fibre-to-thehome connections in fixed broadband connections has grown over the years and the global market size which is currently estimated at $47 billion is projected with an upward CAGR growth of 12% from 2023 to 2030.
This story is from the May 19, 2024 edition of The Sunday Guardian.
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