The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Optical Communication and Networking market. The rising demand for the Optical Communication and Networking market is expected to drive the demand for Optical Communication and Networking market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
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.
Rising investments by major players in technological advancements such as Artificial Intelligence (AI)-based systems, cloud computing, and Internet of Things (IoT) are expected to further boost market growth during the forecast period. Rising demand for wearable devices, virtual services, and increasing need for network connectivity across commercial, institutional, and industrial sectors are also driving utilization of optical communication and networking equipment.
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Objectives of the Report:
- Industrial structure analysis of the Optical Communication and Networking Equipment market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Optical Communication and Networking Equipment market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Optical Communication and Networking Equipment market
- Comprehensive analysis of competitive developments such as expansions, agreements,
Scope of the Report:
With all the data gathered and analyzed using SWOT analysis, there was a clearer picture of the competitive landscape of the global Optical Communication and Networking Equipment provider market. Sources for the future market growth were uncovered and outlying competitive threats also surfaced. There was strategic direction eminent in the market and this shows in the key trends and developments studied. By getting market background and using current norms, policies, and trends of other leading markets for cross-references, market data was completed.
Some major companies profiled in the market report 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.
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
The report addresses the following key points:
- The report provides a forecast of Optical Communication and Networking Equipment market drivers, restraints, and future opportunities for the Optical Communication and Networking Equipment market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the Optical Communication and Networking Equipment market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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