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. The report entails an organized database of the Optical Communication and Networking Equipment market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Optical Communication and Networking Equipment market. optical communication and networking equipment Market Size – USD 17.95 Billion in 2020, Market Growth – at a CAGR of 8.4%, Market Trends – Rising number of data centers and high demand for wide area network coverage. 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. In January 2021, Fujitsu Frontech North America Inc. launched FUJITSU cash automated solution called SmartCASH as part of S3. Deployment of 5G network and rising demand for high-speed connectivity are some key factors driving global market revenue growth.
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Optical transceivers segment accounted for the largest revenue share in the optical communication and networking equipment market in 2020. 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. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Optical Communication and Networking Equipment market.Rising demand for wearable devices, institutional, and industrial sectors are also driving utilization of optical communication and networking equipment. Increasing development of high-speed networking technology to store data on servers to reduce the traffic would propel growth of this segment. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. It is designed to be deployed quickly for in-counter Point-Of-Sale (PoS) cash automation or as a complete free-standing self-checkout configuration.
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
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Regional Analysis of the Optical Communication and Networking Equipment Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Optical Communication and Networking Equipment market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Optical Communication and Networking Equipment market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Market Taxonomy:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
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