VANCOUVER, BC, Nov. 22, 2021 /PRNewswire/ -- The global
optical communication and networking equipment market size is
projected 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.
Steady market revenue growth can be attributed to increasing
development of technology such as Voice over Internet Protocol
(VoIP), Long-Term Evolution (LTE), and 5G network for increasing
the efficiency of high-speed networks in the communications
industry.
Increasing development of electronic and semiconductor devices
and enhancement of emerging technologies such as AI, cloud
computing, and optical fiber network to improve transmitting and
receiving network efficiency has been boosting deployment of
optical communication and networking equipment.
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Some Key Highlights From the Report
- In November 2020, Huawei
announced upgrade of its Optical Networking 2.0 (ON2.0) solution at
the company's 7th Optical Network Innovation Forum. It features new
speed, new sites, new smart O&M, new schema, and new services.
This solution will help operators develop innovative services and
sustain in the competition.
- In August 2020, Windstream and
Ciena announced that the former will build its National Converged
Optical Network (NCON) with Ciena's photonic, coherent optical, and
intelligent software platforms. The new network will allow
Windstream to meet customers' high bandwidth demands driven by
remote work and learning applications, as well as cloud computing
and video streaming.
- WDM segment revenue is expected to increase at a fast pace
during the forecast period. Technological advancements in
optoelectronic components would enable designing of a news system
which can transmit multiple light wavelengths over a single optical
fiber, thereby boosting fiber capability.
- IT and telecommunication segment accounted for largest revenue
share in the optical communication and networking equipment market
in 2020. Increasing development of new and more innovative
equipment to transfer data at high speeds and rising demand for
more secure networks are factors propelling growth of this
segment.
- Asia Pacific is expected to
register a robust revenue CAGR during the forecast period, owing to
rising number of Internet users and increasing data traffic in
developing economies.
- 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.
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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)
-
- 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
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Market Report@
https://www.emergenresearch.com/industry-report/optical-communication-and-networking-equipment-market
- Regional Outlook (Revenue, USD Billion; 2021–2028)
-
- North America
a. U.S.
b. Canada
c. Mexico
- Europe
a. Germany
b. France
c. U.K.
d. BENELUX
e. Switzerland
f. Rest of Europe
- Asia Pacific
a. China
b. Japan
c. South Korea
d. India
e. Rest of APAC
- Latin America
a. Brazil
b. Rest of LATAM
- Middle East & Africa
a. Saudi Arabia
b. UAE
c. South Africa
d. Turkey
e. Rest of MEA
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About Emergen Research
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that provides syndicated research reports, customized research
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your purpose to locate, target, and analyze consumer behavior
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and Energy. We consistently update our research offerings to ensure
our clients are aware of the latest trends existent in the market.
Emergen Research has a strong base of experienced analysts from
varied areas of expertise. Our industry experience and ability to
develop a concrete solution to any research problems provides our
clients with the ability to secure an edge over their respective
competitors.
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