The global optical communication and networking equipment market 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% from 2022 to 2027. Rising adoption of cloud-based and virtualization services globally, growing adoption of data centers, and expansion of telecom infrastructure in developing economies are the major driving factors for the growth of the optical communication and networking equipment market.
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. To retain their presence in the optical communication and networking equipment market, these players have adopted various growth strategies, product launches, developments, acquisitions, contracts, agreements, partnerships, expansions, and collaborations. Product launches has been the most dominating strategy adopted by the key players from 2018 to 2022 to help them strengthen their product portfolio and broaden their customer base.
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Huawei Technologies Co., Ltd.
Huawei Technologies Co., Ltd. (Huawei) is a leading provider of information and communications technology (ICT) infrastructure products, telecommunication solutions, and smart devices. The company specializes in the research and development, production, and marketing of customized network solutions for telecom carriers in optical, fixed, mobile, and data communications networks. Huawei offers cloud services, smartphones and smart devices, network security solutions, data center network solutions, etc. It primarily operates through four main business segments: Carrier Business, Consumer Business, Enterprise Business, and Others Items. The company provides telecom solutions and advanced telecom networks to telecom operators, and voice and data switching platforms for communication service providers under its Carrier Business segment.
Cisco Systems, Inc.
Cisco Systems, Inc. (Cisco) designs and offers a range of products, provides services, and delivers integrated solutions to develop and connect networks across the world. The company provides a broad range of service offerings, including technical support services and advanced services. Cisco Systems, Inc operates through 4 different business segments, namely, Infrastructure Platforms; Applications; Security, and Other Products. The Infrastructure Platforms segment offers core networking technologies of switching, routing, wireless, and data center products. It provides solutions related to network, data center, cloud, security, collaboration, analytics, and IoT for faster business transformation with minimized risks.
Ciena Corporation (Ciena) is a network specialist focused on providing communication networking solutions, which enable a wide range of network operators to adopt next-generation architectures. The company provides equipment, software, and services that support the transport; switching; aggregation; and service delivery and management of voice, video, and data traffic on communication networks. The company offers its products and services through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Ciena offers optical communication and networking solutions under its Networking Platforms segment.
Nokia Corporation (Nokia), through its comprehensive end-to-end portfolio of products and services, addresses a market that encompasses mobile and fixed network access infrastructure, IP routing and optical networks, and software platforms and applications. The company operates through the Mobile Networks, Network Infrastructure, Cloud and Network Services, Nokia Technologies., and Group Commons and Other segments. Through the Mobile Networks and Network Infrastructure segments, the company provides optical communications and netwroking equipment.
II-VI Incorporated is one of the leading global vendors of optical communication technology and related subsystems that enable high-speed voice, video, and data communications for networking, storage, wireless, and cable TV applications. The company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integration with advanced software to support customers.
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
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