Optical Communication and Networking Equipment Market

Optical Communication and Networking Equipment Industry worth $36.6 billion by 2027

The report "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology (WDM, Fiber Channel), Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical and Region - Global Forecast to 2027", was estimated at USD 24.2 billion in 2022 and is projected to reach USD 36.6 billion by 2027, growing at a CAGR of 8.6% during the forecast period. Rising adoption of cloud-based and virtualization services globally and expansion of telecom infrastructure in developing economies are the major driving factors for the growth of the optical communication and networking equipment market.

Browse 213 market data Tables and 57 Figures spread through 227 Pages and in-depth TOC on "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology (WDM, Fiber Channel), Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/Optical-networking-communications-market-227693036.html

By application: Data Centre application in optical communication and networking equipment to propel market growth in 2021

The data center application accounted for the largest share of the optical communication and networking equipment market in 2021.  This growth in the market is due to factors such as the transition toward cloud storage and increasing technological developments, including machine learning, artificial intelligence, and deep learning, which, in turn, increase the data traffic across networks, which create demand for high data rate transceivers, switches, and amplifiers for efficient data communication. Also, leading cloud service providers such as Google (US), Amazon (US), and Microsoft (US) are implementing high data rate transceivers in their data centers.

Increasing technology areas of WDM technology to accelerate demand for optical communication and networking equipment’s

WDM technology-based optical communication and networking equipment accounted for the largest market share of ~69% in 2021. The development of ROADM-based WDM networking solutions is one of the emerging trends in the global optical networking and communications market. Key factors for the growth of WDM technology are higher bandwidth, easy configuration, better security, and duplex transmission. Owing to this, WDM technology is expected to continue to hold the largest market share during the forecast period.

Asia Pacific likely to emerge as the fastest optical communication and networking equipment market during the forecast period

Asia Pacific is projected to grow at the highest CAGR ~11% during the forecast period. The Asia Pacific region is the largest producer and consumer of smartphones, laptops, TVs, and various other data-generating devices across the world. This leads to high demand for internet in the region, thereby propelling the growth of the optical communication and networking equipment market. In addition, the growing demand for computing applications, as well as the increasing demand for compact and energy-efficient modules, is pushing the market forward. The market will benefit from the growing focus on 5G networks and the rising demand for high data transfer capabilities.

Huawei Technologies Co., Ltd. (China), Cisco Systems, Inc.  (US), Ciena Corporation (US), Nokia (Finland), II-VI Incorporated (US), ZTE Corporation (China), ADTRAN Inc. (US), Infinera Corporation (US), ADVA Optical Networking (Germany), and FUJITSU (Japan) are some of the key players in the optical communication and networking equipment market.

Don’t miss out on business opportunities in Optical Communication and Networking Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Optical Communication and Networking Equipment Market Size,  Share & Growth Report
Report Code
SE 2994
PR Published ON
5/25/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Optical Communication and Networking Equipment Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home