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Optical Transceivers Market - Recent Analysis of Industry Trends and Technological Improvements For 2025

03-08-2018 06:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
An optical transceiver is an integrated circuit chip (IC) that transmits and receives data with the help of a fiber optic cable rather than an electrical wire. A fiber optic cable transmits high speed and large volumes of data efficiently with the help of light beams and pulses along solid transparent cables. An optical transceiver chip is made of specialized semiconductor materials including indium phosphide and gallium arsenide and it is smaller in size and consumes negligible amount of power.

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The increasing adoption of the internet is said to be the primary driver for the growth of the optical transceivers market. Internet requires high speed transmission of high volume of data efficiently, and hence fiber optics is deployed to meet this requirement. The rapid expansion of data centers which support streaming videos, cloud services, social networking, and online commerce is another factor which is fuelling the growth of the market.

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It has been observed that many large scale enterprises are now increasingly dependent on cloud services. This is leading to a spike in demand for high bandwidth and advanced networks which is expected to ultimately fuel the growth of the optical transceivers market. Another factor that is driving the growth of the market is the increasing demand for communication devices such as mobiles, tablets, and wearable.

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Other factors contributing to the growth of the market include the growth of software as a service (SaaS) and the prominent role of fiber optics which employ optical transceivers in the finance industry which involves data receival and transmission at lightening speed.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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