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Deployment of 5G network and increasing demand for broadband connectivity are key factors driving the revenue growth of the global market
VANCOUVER, BC, CANADA, Jan 12, 2022 /EINPresswire.com/ – The global market size for optical communication and networking equipment is expected to reach USD 34.47 billion in 2028 and register a stable CAGR of 8.4% over the course of of the forecast period, according to the latest analyzes from Emergen Research. The growth in market revenue can be attributed to the increasing demand for high-speed network connectivity, the increasing use of smartphones and network-connected devices, as well as the growing number of internet users. These factors are further driving the adoption of optical communication and network equipment, due to the growing interest of enterprises in wavelength transmission of the network connection.
The Optical Communication and Networking Equipment Market report offers a wide range of insights and facts about the Optical Communication and Networking Equipment market regarding market size, market share, influencing factors on current and emerging growth, opportunities and trends. The report is formulated with the updated and most recent information of the global Optical Communication and Network Equipment Market, validated and verified by industry experts and professionals. Global Optical Communication and Networking Equipment Market report contains historical, current and forecast estimate of revenue generation and profit for each segment and sub-segment of the Optical Communication and Networking Equipment Market within each region key to the world. The report further sheds light on the emerging growth opportunities in the field of business which are expected to support the growth of the market.
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Some highlights of the report
In January 2021, Fujitsu Frontech North America Inc. launched the FUJITSU automated POS solution called SmartCASH as part of S3. The SmartCASH Full Recycling Payment Module is the world’s most compact standard capacity bill and coin recycler on the market. It is designed to be rapidly deployed for over-the-counter point-of-sale (PoS) cash automation or as a complete self-checkout stand-alone configuration.
Optical transceivers segment accounted for the largest share of the optical communication and network equipment market revenue in 2020. The increasing development of high-speed networking technology to store data on servers to reduce traffic would stimulate the growth of this segment. Optical transceivers convert electrical data signals from data switches into optical signals.
The WDM segment is expected to grow at a rapid rate during the forecast period. The growing demand for high speed networks further increases the demand for fiber optic transmission technology which allows multiple wavelengths to transmit data on the same medium. The result is a growing trend towards wavelength division multiplexing in optical communication and network equipment.
Leading companies in Optical Communication and Networking Equipment industry featured in the 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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The analysis of the segments and their growth projection is carried out by a thorough historical and current analysis of the market scenario. Further, the report provides details of the factors and characteristics of the optical communication and network equipment market that are expected to drive the growth of the industry in the coming years.
Emergen Research has segmented the global optical and network communication equipment market on the basis of component, technology, application, end use, and region:
Components Outlook (Revenue, USD Billion; 2021-2028)
Technology Outlook (Revenue, USD Billion; 2021-2028)
Application Outlook (Revenue, USD Billion; 2021-2028)
End-Use Outlook (Revenue, USD Billion; 2021-2028)
IT & Telecommunications
Energy and utilities
The report throws light on the region which is expected to dominate the optical communication and networking equipment market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share that each region is expected to hold during the forecast period. The report analyzes the spread of the optical communication and networking equipment market in key geographies covering North America, Latin America, Europe, Asia-Pacific, Middle East and Africa . The regional analysis offers an idea of the production and consumption pattern, import / export, supply and demand ratio, contribution to income, market share and size, and presence of leading players in each region.
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The report covers the key points of the market including standards, regulations and policy changes applied by the government on the industry for the coming years. The report comprises in-depth research performed by applying advanced analytical tools such as SWOT analysis and Porter’s five forces analysis to identify trends and growth patterns. The factors likely to influence the market growth, current trends, opportunities, restraining factors, and the business landscape are discussed in depth in the market study.
Key questions addressed in the report:
What is the growth rate of the communication and optical network equipment market? What is the expected market valuation of the Optical Communication and Networking Equipment industry by 2028?
What are the major growth and restraining factors of the Communication and Optical Network Equipment market?
Who are the main players operating in the market? What are the key strategies adopted by these companies?
What are the major opportunities and growth prospects of the Optical Communication and Networking Equipment industry during the forecast period?
Which region is expected to show significant growth in the coming years?
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