Information & Communication

Fiber Optics Dominate: Insights into the Optical Communication Equipment Market According to Stratview Research, the Global Optical Communication and Networking Equipment Market is estimated to grow from USD 24.44 Billion in 2022 to USD 40.18 Billion by 2028 at a healthy CAGR of 8.63% during the forecast period of 2023-2028.

Online lottery market is likely to witness a steady CAGR of 1.2% during the forecast period owing to rise in draw-based games, and scratch-off instant fames and increasing smartphone sales and internet penetration in developing economies. Gambling at the comfort of one’s own space is another factor contributing to the growth of the online lottery market.

Smart container market is likely to witness an impressive CAGR of 16.9% during the forecast period. The key driving factors contributing to the demand for smart containers are the surge in adoption of IoT connected devices by major shipping companies and growing concerns regarding wastage of food and medical products due to temperature deviation, which in turn, are driving the growth of the market.