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Fiber Optics Market worth $6.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 2, 2024 /PRNewswire/ — The fiber optics market is expected to grow from USD 3.2 billion in 2024 to USD 6.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. This market’s growth is driven by growing internet penetration and data traffic, rising deployment of data center facilities worldwide, and increasing demand for high bandwidth. The increasing promotion of advanced technologies such as big data, machine learning, and Al analytics among internet users worldwide is expected to play a major role in driving the growth of the fiber optics market. The increasing multimedia consumption leads to massive data creation and replication worldwide. The rising amount of data generated is expected to increase the deployment of new fiber optic cables and subsystems. According to the Digital Economy Report 2021 by the United Nations Conference on Trade and Development (UNCTAD), about 64.2 zettabytes of data were created or replicated. Also, the global data creation and replication is expected to experience a 23% growth from 2020-2025. The rise in data creation is expected to increase the deployment and expansion of servers, storage racks, and data center facilities worldwide, fueling the fiber optics market growth from 2024 to 2029.

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Browse in-depth TOC on “Fiber Optics Market” 
191 – Tables
60 – Figures
233 – Pages

Desiccant Dehumidifier Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.2 billion

Estimated Value by 2029

$ 6.8 billion

Growth Rate

Poised to grow at a CAGR of 16.4%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Fiber Type, Cable Type, Deployment, Application and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Installing fiber optics networks in difficult terrains and high cost of installation

Key Market Opportunities

Rising demand for fiber optics as replacement of copper cables

Key Market Drivers

Rising number of data center facilities worldwide

 

Glass segment is expected to grow at a high CAGR during the forecast period.

The glass segment is projected to have high growth rates over the forecast period. Glass optical fibers work efficiently in extreme temperatures, ranging from -40°F up to 900°F.Glass cores efficiently transfer light and allow higher speed transfers and are very useful in, long sensing distances. These optical fibers can achieve a narrow core diameter, i.e., for single mode (8-10) µm and 50-100 µm for multi-mode fiber. However, glass optical fibers are fragile and more likely to break if improperly handled. Installing these optical fibers requires highly trained technicians, and the tools for fiber termination are usually expensive.

Single-mode segment in fiber optics market is projected to be largest market size during the forecast period.

Single-mode optical fibers are extensively used for long-distance communications applications. To address this demand, key players in the fiber optics industry are entering into strategic partnerships and collaborating with other players to increase the production of single-mode fibers. YOFC (China), Corning Incorporated (US), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd. (Japan), Furukawa Electric Co. Ltd. (Japan) and Hengtong Group Co., Ltd. (China) are some of the leading manufacturers of single-mode fiber optic cables.

Industrial application segment is projected to grow at fastest CAGR during the forecast period.

The market for the industrial application segment is projected to grow at the fastest CAGR from 2024 to 2029. An enormous amount of data is collected, transported, and analyzed between several nodes, such as machines, sensors, facilities, computers, data centers, and personnel at the manufacturing facilities, which requires high-bandwidth interconnections. Fiber optics is becoming the communication standard for networking all these devices. Favorable government investments to increase the development of intelligent factory infrastructure are expected to present growth opportunities to fiber optic vendors.

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Asia Pacific likely to emerge as the largest fiber optics market over the forecast period.

Asia Pacific is projected to have the largest industry share of the fiber optics industry from 2024 to 2029. The rise in the number of smart cities will further increase the demand for smart transportation, smart utilities, smart buildings, and communication infrastructure—that invariably require fiber optic solutions. Also, rapid commercialization of 5G services across China, South Korea, and Japan is expected to create significant opportunities for the fiber optics market in the region.

Key players in the fiber optics companies include Corning Incorporated (US), Sumitomo Electric Industries, Ltd. (Japan), YOFC (China), LS Cable & System Ltd. (South Korea), Prysmian Group (Italy), Fujikura Ltd. (Japan, Furukawa Electric Co. Ltd. (Japan), Optical Cable Corporation (US), LS Cable & System Ltd. (South Korea), Proterial Cable America Inc., (US), ), LEONI (Germany),  Coherent Corporation (US), Hengtong Group Co., Ltd. (China), Finolex Cables Ltd. (India), CommScope Holding Company, Inc. (US), Sterlite Technologies Limited (India), ZTT (China), FiberHome Telecommunication Technologies Co., Ltd. (China), Aksh Optifibre (India), Art Photonics GmbH (Germany), RPG Cables (India), Nestor Cables (Finland), Orbis Oy (Finland), Birla Cable Ltd. (India), Belden Inc. (US), and Fiber Mountain(US) are among a few emerging companies in the fiber optics market.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Consensus 2025 Wraps in Toronto With Eric Trump

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Crypto‘s “Big Tent” event has wrapped in Toronto as high-profile figures across business, technology and government gathered to discuss crypto‘s regulatory liberalization and rising adoption. In 2026, Consensus will be hosted in Hong Kong (February) and Miami (May).

TORONTO, May 16, 2025 /PRNewswire/ — Consensus 2025, the world’s longest-running and most influential gathering for the crypto, blockchain and AI industries, concluded today at the Metro Toronto Convention Centre bringing together 14,771 attendees from 102 countries. The three-day event serves as the industry’s premier “big tent” event, uniting diverse voices from traditional finance, DeFi, policymaking and more to explore the future of digital assets.

Featuring 500 speakers across six stages, Consensus 2025 provided attendees with unique insights into the crypto landscape, with DeFi, real-world assets (RWAs), decentralized AI, stablecoins, crypto adoption and the evolving regulatory landscape dominating discussions among the biggest players in the crypto ecosystem. The event also featured North America’s largest in-person blockchain hackathon, with over 1,000 developers participating.

Highlights of Consensus Toronto included presentations from industry leaders, financial giants, tech powerhouses and White House representatives, including Coinbase, BlackRock and Google. Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin featured on two sessions, with other high profile sessions from Kevin O’Leary, chairman of O’Leary Ventures and host of Shark Tank; Dave Portnoy, founder of Barstool Sports; Anthony Scaramucci, founder of Skybridge Capital. Toronto was chosen as the location for this year’s event due to its reputation as a financial powerhouse. It was also pinpointed to welcome a high concentration of Canadian crypto leaders, its growing reputation as a crypto innovation hub and status as the birthplace of Ethereum.

“Thanks to our friends at Consensus. They do an amazing job,” said Eric Trump of the CoinDesk conference, which has been running since 2015.

With plans for Consensus 2026 to take place at the iconic Miami Beach Convention Center in May 2026, Miami is considered the crypto capital of North America and a gateway to LATAM. Miami is set to position the event at the strategic crossroads of global capital, talent and innovation. Coming in February 2026, Consensus will return to the Hong Kong Convention and Exhibition Center.

Major sponsors of Consensus Toronto included Stellar, American Bitcoin, BitGo, Fastex, Spacecoin, alongside tech giants Google and AWS and Canadian firms such as WonderFi, Wealthsimple and Coinbase Canada.

Secure your ticket for Consensus Miami or Consensus Hong Kong now.

Media Contact:
Conor McGorry,
Senior Account Executive,
ClearStory International
M: +353 83 805 5747
E: conor@clearstoryinternational.com

About Consensus
Consensus by CoinDesk is the world’s longest-running and most influential gathering for the crypto, blockchain and AI industries. Bringing together industry leaders, policymakers and innovators, it helps people understand the future of digital assets with discussions on key topics such as DeFi, Web3, AI, the evolving regulatory landscape and more. With a mix of panels, keynotes and networking opportunities, Consensus 2025 provides a platform to explore the latest trends shaping the digital economy. Whether you’re an industry veteran or just entering the space, this event offers valuable insights and connections in a rapidly evolving field.

About CoinDesk
CoinDesk is the most trusted media, events, indices and data company for the global crypto economy. Since 2013, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension and context. CoinDesk gathers the global crypto, blockchain and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival. CoinDesk Indices offers expertise in digital asset indices, data and research to educate and empower investors. In November 2023, CoinDesk was acquired by Bullish Group. CoinDesk operates as an independent subsidiary and abides by a strict set of editorial policies. For more information on CoinDesk media and events, please visit CoinDesk.com.

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SOURCE CoinDesk Inc

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AFRICON 2025 Returns to Atlanta on September 18-20, 2025

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AFRICON, the flagship convening for global African changemakers, tastemakers, and innovators, officially returns to Atlanta, Georgia on September 18–20, 2025. Hosted by Amplify Africa, this year’s edition marks a new era of global connection, cultural elevation, and cross-continental collaboration—bringing together thousands of attendees from across Africa, the Diaspora, and the world.

ATLANTA, May 16, 2025 /PRNewswire-PRWeb/ — The Premier Global Gathering Celebrating African Culture, Creativity, and Commerce Expands with New Partnerships

“AFRICON is more than a conference—it’s a cultural and economic movement,” said Timi Adeyeba, COO & Co-Founder of Amplify Africa.

AFRICON, the flagship convening for global African changemakers, tastemakers, and innovators, officially returns to Atlanta, Georgia on September 18–20, 2025. Hosted by Amplify Africa, the 2025 edition, will showcase panels, workshops, pitch competitions, music showcases, fashion bazaars, and a film festival. This year’s edition marks a new era of global connection, cultural elevation, and cross-continental collaboration—bringing together thousands of attendees from across Africa, the Diaspora, and the world.

“AFRICON is more than a conference—it’s a cultural and economic movement,” said Timi Adeyeba, COO & Co-Founder of Amplify Africa.

“Each year, we’re building bridges across continents and creating a global platform that celebrates who we are while shaping where we’re going,” said Dami Kujembola, CEO & Co-Founder of Amplify Africa.

This year, AFRICON is proud to announce a headline partnership with Fidelity Bank, one of Africa’s most respected financial institutions. As part of this collaboration, AFRICON 2025 will feature the 3rd Annual Fidelity Investment and Trade Creative Connect (FITCC)—a marquee forum designed to spotlight innovation, entrepreneurship, and cross-border investment opportunities across the African continent.

“Since 2022, when we hosted the maiden edition, the FITCC has evolved beyond a platform for promoting Nigeria’s non-oil exports to become a veritable showcase of the immense value Nigeria has to offer the global market,” stated Dr. Nneka Onyeali-Ikpe, OON, Managing Director/Chief Executive Officer of Fidelity Bank Plc. “As part of our commitment to developing platforms that promote economic growth, creativity, and sustainable trade both within Nigeria and internationally, we are pleased to collaborate with AFRICON to host FITCC. This initiative stems from AFRICON’s esteemed capability to unite key stakeholders dedicated to integrating Nigerian businesses into global supply chain networks.”

AFRICON 2025 will feature a dynamic lineup of programming including cultural showcases, policy roundtables, business summits, nightlife experiences, and wellness activations. From creative industries and tech innovation to investment, trade, and social impact, the two-day experience positions Africa and its Diaspora as a rising global force.

Projected Impact

It is expected that AFRICON 2025 will attract:Over 3,000 attendees from around the worldMore than 200 exhibitors and businesses across sectorsOver US$200 million in trade, investment, and partnership deals to be concluded

AFRICON 2025 continues to build on its legacy of convening a global network of decision-makers, creatives, executives, and community leaders who are shaping Africa’s future.

For more information on tickets, sponsorship opportunities, and programming details, visit www.africon.global or follow @africon.global on all platforms.

About Amplify Africa

Amplify Africa is a leading media, events, and cultural agency dedicated to shaping the global narrative of Africa and its Diaspora. With a reach of over 12 million people monthly, Amplify Africa curates impactful experiences, content, and campaigns that celebrate African excellence across entertainment, tech, business, and culture. From landmark festivals to thought leadership summits, the platform serves as a bridge between Africa and the world—empowering the next generation of changemakers and creators.

About Fidelity Bank

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Media Contact
Amplify Africa, Amplify Africa, 1 2138140719, info@amplifyafrica.org, https://amplifyafrica.co/

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SOURCE Amplify Africa

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Movano Health’s Board of Directors Initiates Process to Maximize Shareholder Value

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PLEASANTON, Calif., May 16, 2025 /PRNewswire/ — Movano Health (Nasdaq: MOVE), a pioneer in health technology, announced today that its Board of Directors has initiated a process to explore strategic alternatives, including a sale, merger or similar transaction involving the Company, to maximize shareholder value.  To support this process, Movano Health’s Board of Directors has engaged Aquilo Partners as its financial advisor and K&L Gates LLP as its legal counsel.

There can be no assurance that this process will result in any transaction or other strategic change or as to the timing of any such potential agreement or transaction. Movano Health does not intend to disclose further developments unless and until the Board of Directors has approved a specific course of action or determines that further disclosure is appropriate or required.  The Company also reported that due to resource constraints, it does not plan to timely file its quarterly report on Form 10-Q for the quarter ended March 31, 2025.

About Movano Health 
Founded in 2018, Movano Inc. (Nasdaq: MOVE) dba Movano Health is developing a suite of purpose-driven healthcare solutions to bring medical-grade data to the forefront of wearables. Featuring modern and flexible form factors, Movano Health’s devices offer an innovative approach to delivering trusted data to both customers and enterprises, capturing a comprehensive picture of an individual’s health data and uniquely translating it into personalized and intelligent insights.

Movano Health’s proprietary technologies and wearable medical device solutions enable the use of data as a tool to proactively monitor and manage health outcomes across a number of patient populations that exist in healthcare. For more information on Movano Health, visit https://movanohealth.com/.

Forward Looking Statements

This press release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs, or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those anticipated. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding the Company’s strategic plans and value, plans with respect to the commercial launches of the Evie Ring and EvieMED; our expectations regarding potential commercial opportunities and addressable markets; planned cost-cutting initiatives; anticipated FDA clearance decisions with respect to our products; expected future operating results; product development efforts and product releases; clinical trial and regulatory initiatives; commercial partner activities; our strategies, positioning and expectations for future events or performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption “Risk Factors.”  Any forward-looking statement in this release speaks only as of the date of this release. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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