If demand for digital infrastructure had been heating up in the past decade, one could say it reached a fever pitch in 2020. It became irrefutably clear that even during a global pandemic, society could still go on — as long as people had a strong internet connection.
What were once office meetings became Zoom calls, schooling took the form of online distance learning, and video streaming and online shopping caused internet traffic to skyrocket — underscoring the need for investments in technologies such as 5G, cloud computing and fiber-to-the-home (FTTH), which connects optical fiber directly to homes and residences.
Fiberoptic technology, which uses fast-traveling pulses of light to transmit data, has come to be regarded as the fundamental network technology for the 21st century, providing the digital backbone for the numerous advancements of our age. To paint a picture, the global fiberoptics market size was valued at $7.56 billion in 2023 and is expected to gro