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Deployment of 5G network and rising demand for high-speed connectivity are some key factors driving global market revenue growth
— Emergen Research
VANCOUER, BC, CANADA, May 22, 2023 /EINPresswire.com/ — The global optical communication and networking equipment market size is expected to reach USD 34.47 Billion in 2028 and register a steady revenue CAGR of 8.4% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth can be attributed to rising demand for high-speed network connectivity, increasing usage of smartphones and network connected devices, as well as increasing number of Internet users. These factors are further boosting adoption of optical communication and networking equipment, owing to increasing focus of companies on wavelength transmission of network connection.
One of the key drivers behind the growth of the optical communication and networking equipment market is the exponential increase in data traffic. With the proliferation of smartphones, connected devices, and the internet of things (IoT), the volume of data being generated and transmitted globally has skyrocketed. Optical communication provides the necessary bandwidth to accommodate this data surge, ensuring seamless connectivity and high-speed data transfer. As the demand for high-definition video streaming, cloud computing, and big data analytics continues to rise, the need for advanced optical communication solutions becomes paramount.
Leading companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It is useful for companies looking to diversify into new markets or expand their current scope of operations.
𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:
Cisco, Fujitsu Optical Components, Huawei Technologies Co., Ltd., Ciena Corporation, Finisar Corporation, Ericsson, Nokia Corporation, Juniper Network, Broadcom Corporation, Infinera Corporation, NEC Corporation, and Adtran Inc.
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As part of Emergen Research’s Global Optical Communication and Networking Equipment Market Research Report, key business details and extensive geographical spread of the Optical Communication and Networking Equipment Market industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Optical Communication and Networking Equipment Market . A detailed forecast is provided until 2028 based on historical data from 2017 and 2018. Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies. The current COVID-19 pandemic is expected to have an effect on the growth of the Optical Communication and Networking Equipment Market industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns
How will this Report Benefit you?
We have recently released a 250-page report from Emergen Research that includes 194 tables and 189 charts and graphics. Those who need commercial, in-depth market assessments for the global Optical Communication and Networking Equipment Market , as well as a detailed market segment analysis, can find our new report valuable. Our recent study provides a thorough assessment of the whole regional and global market for Optical Communication and Networking Equipment Market . To increase market share, obtain a comprehensive financial analysis of the whole market and its various segments. It is clear that energy storage technology is rapidly expanding. Look at how you might take advantage of the current and future revenue-generating opportunities in this industry. Additionally, the research will assist you in making more effective strategic decisions, such as building growth strategies, strengthening competitor analysis, and increasing business productivity.
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The report highlights the current impact of COVID-19 on the Optical Communication and Networking Equipment Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Optical Communication and Networking Equipment Market according to the impact of COVID-19.
Some Key Highlights from the Report :
Optical transceivers segment accounted for the largest revenue share in the optical communication and networking equipment market in 2020. Increasing development of high-speed networking technology to store data on servers to reduce the traffic would propel growth of this segment. Optical transceivers convert electrical data signals from data switches into optical signals.
WDM segment is expected to grow at a fast pace during the forecast period. Increasing demand for high-speed networks is further boosting demand of fiber optic transmission technique which enables multiple wavelengths to transmit data on the same medium. It is resulting in increasing shift towards wavelength division multiplexing in the optical communication and networking equipment
Data center segment expected to account for significant revenue share during the forecast period. Increasing adoption of cloud-based systems, expansion of high-speed network connectivity, and high data traffic due to increasing number of smartphone users and other network connected devices are driving market for optical communication and networking equipment
IT and telecommunication segment accounted for largest revenue share in the optical communication and networking equipment market in 2020. Increasing adoption of electronic gadgets and chips and higher need to produce semiconductor materials at large scale are expected to support deployment of optical communication and networking equipment in IT and telecommunication sector.
Segments covered in the report:
Emergen Research has segmented global optical communication and networking equipment market on the basis of component, technology, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2021–2028)
Optical Fibers
Optical Transceivers
Optical Amplifiers
Optical Circulators
Optical Sensors
Others
Technology Outlook (Revenue, USD Billion; 2021–2028)
SONET
Fiber Channel
WDM
Application Outlook (Revenue, USD Billion; 2021–2028)
Telecom
Data Center
Enterprise
End-use Outlook (Revenue, USD Billion; 2021–2028)
BFSI
IT & Telecommunication
Healthcare
Commercial
Energy & Utilities
Others
Explore the Full Index of the Market Research Report 2022
Geographic Segment Covered in the Report:
The Optical Communication and Networking Equipment Market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)
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What Questions Should You Ask before Buying a Market Research Report?
How is the Optical Communication and Networking Equipment Market evolving?
What is driving and restraining the Optical Communication and Networking Equipment Market ?
How will each Optical Communication and Networking Equipment Market submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028 ?
How will the market shares for each Optical Communication and Networking Equipment Market submarket develop from 2022 to 2028 ?
What will be the main driver for the overall market from 2022 to 2028 ?
Will leading Optical Communication and Networking Equipment Market s broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028 ?
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