Optical Communication and Networking Equipment Market

Market Leadership - Optical Communication and Networking Equipment Market

The global optical communication and networking equipment market was valued at USD 18.9 billion in 2020 and is projected to reach USD 27.8 billion by 2025; it is growing at a CAGR of 8.0% from 2020 to 2025. Rising adoption of cloud-based services and virtualization services all over the world, increasing data traffic due to increased internet usage, and growing number of data centers are the factors driving the optical communication and networking equipment market growth.

The optical communication and networking equipment market is highly competitive, owing to the presence of a large number of regional and global players. The key players are focusing on enhancing their product portfolios and increasing market share through strategies, such as product launches, partnerships, agreements, contracts, expansions, and collaborations. Many market players adopted partnership & collaboration, and agreements as their key business strategies.

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Huawei Technologies (Huawei) is among the major vendors of telecom network infrastructure. Network equipment provided by Huawei has always been a major part of rollouts in APAC, Europe, the US, and many other emerging markets across the world. Huawei is looking forward to working with its partners to activate transformation in enterprise collaboration and communication, serving various industries. With its innovative product portfolio, the company aims to help carriers shift away from the strategic approach of lowering CAPEX to the new direction of reducing OPEX. Huawei has developed SingleRAN Pro that will enable the Wireless First approach for more services and further help operators to venture into new business opportunities. SingleRAN Pro features new 5G capabilities that include 10-fold network capacity expansion, 10 dB coverage improvement, and ten times better user experience. The solution also introduced AI to simplify networks.

Cisco Systems (US) is a significant player that provides various routing, switching, and wireless products through its networking and mobile and wireless product portfolio. It offers a secure and simplified network infrastructure of communication services to small and large enterprises. The company focuses on partnerships and R&D investments for sustainable growth in the optical communication and networking equipment market. In 2019, Cisco Systems partnered with two companies (Telenor and PLDT), and it is in the process of acquiring a few more companies to strengthen its capabilities in the areas of network products, software, and security. The company focuses on core networking components on emerging connectivity technology, such as LoRaWAN, as well as looking forward to capitalizing on significant IoT opportunities. This is evident from the recent commercial launch of the NB-IoT platform.

Related Reports:

Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology, Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical, and Region - Global Forecast to 2025

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Report Code
SE 2994
RI Published ON
2/10/2020
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