The Business Research Company’s Optical Communication And Networking Global Market Report 2023is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2023-2032. The Optical Communication And Networking Global Market Report 2023evaluates optical communication and networking market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global optical communication and networking market is expected to grow from $29,508.99 million in 2027 at a rate of 5.95%. The market is then expected to grow at a CAGR of 8.81% from 2027 and reach $45,007.03 million in 2032.
Increasing internet penetration in both rural and urban areas is expected to drive the growth of the optical communication and networking market going forward. With an increase in accessible technology and competing providers, broadband internet is accessible for many consumers, who have made the switch, after being frustrated by slow dial-up connections. For example, in October 2022, according to DataReportal, a Singapore based online reference library, a total of 5.07 billion people around the world use the internet, equivalent to 63.5 % of the world’s total population. Internet users continue to grow too, with the data indicating that the world’s connected population grew by more than 170 million in the past 12 months. Additionally, in July 2022, according to Livemint, an Indian financial daily newspaper, there are a total of 692 million active internet users in India, including 351 million from rural India and 341 from urban India. The report estimates that there will be 900 million internet users in India by 2025. Therefore, increasing internet penetration is expected to propel the growth of the optical communication and networking market.
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The optical communication and networking market segments in the report are:
1) By Component: Optical Fiber; Optical Transceiver; Optical Switch; Optical Amplifier; Optical Circulator; Other Components
2) By Technology: Wavelength Division Multiplexing (WDM); Synchronous Optical Network (SONET); Fiber Channel.
3) By End-Use: IT And Telecom; Banking; Financial Services; Insurance (BFSI); Aerospace And Défense; Healthcare; Energy And Utilities; Other End Users
Top Major Players:
Huawei Technologies Co Ltd
Cisco Systems Inc
Fujitsu Group
II-VI Incorporated
Nokia
Asia Pacific was the largest region in the optical communication and networking market
The table of contents in TBRC’s optical communication and networking market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
………………………………………………………
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Optical Communication And Networking Market, Conclusions And Recommendations
22. Appendix
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The global optical communication and networking equipment market size 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 industry growth.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227693036WDM technology to dominate the Optical Communication and Networking Equipment MarketWDM technology-based optical communication and networking equipment accounted for the largest market share in 2019 The development of ROADM-based WDM networking solutions is one of the emerging trends in the global optical networking and communications market.
Manufacturers are investing huge capital in building WDM ROADM-based optical equipment so that they can provide faster and higher transmission capacity networks to their customers.
Therefore, WDM technology is expected to continue to hold the largest market share during the forecast period.The market of greater than 100 Gbps data rate to grow at highest CAGR during the forecast periodThe market for optical communication and networking equipment with greater than 100 Gbps data rate is projected to grow at the highest CAGR during the forecast period.
With the rapid development of 5G and high-performance services brought by cloud networks, the demand for higher bandwidth devices with a data rate of greater than 100 Gbps is expected to grow during the forecast period.
Optical communication and networking devices with greater than 100 Gbps data rates are designed for providing data security in high-capacity broadband networks, short-haul enterprise and campus networks, high-bandwidth connectivity for DCI and cloud computing, and metro and long-haul network applications up to 2,500 km.The optical communication and networking equipment market in APAC to grow at the highest CAGR during the forecast periodAPAC is projected to hold the largest share of the market, in terms of value, during the forecast period, Asia Pacific is a major hub for consumer electronics, automotive, and industrial verticals.
