Rapid Growth in Optical Communication & Networking Equipment Market

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MarketsandMarkets Presents

Rapid Growth in Optical Communication
Networking Equipment Market Optical
Communication and Networking Equipment Market by
Component (Fiber, Transceiver, and Switch),
Technology, Application (Telecom, Data Center,
and Enterprise), Data Rate, Vertical, and Region
- Global Forecast to 2025 https//www.marketsandm
arkets.com/Market-Reports/Optical-networking-commu
nications-market-227693036.html
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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. Browse 109 market data Tables
and 55 Figures spread through 193 Pages and
in-depth TOC on "Optical Communication and
Networking Equipment Market - Global Forecast to
2025"
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WDM technology to dominate the Optical
Communication and Networking Equipment Market WDM
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. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id227693036 The market of greater
than 100 Gbps data rate to grow at highest CAGR
during the forecast period The 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.
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The optical communication and networking
equipment market in APAC to grow at the highest
CAGR during the forecast period APAC 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. This region
has become a global focal point for significant
investments and business expansions. Users in
this region have upgraded their connectivity
solutions from 3G to 4G technology. Asian markets
encourage the development of 5G mobile
technologies, with commercial deployments planned
in Japan and China by 2020. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id227693036 Key Market Players The
major players in the optical communication and
networking equipment market are Huawei
Technologies Co. (China), Nokia (Finland), Cisco
(US), Ciena (US), ADTRAN (US), ZTE (China),
Broadcom (US), Finisar (US), Fujitsu Optical
Components (Japan), Infinera (US), ADVA Optical
Networking (Germany), NEC (Japan), Juniper
Networks (US), Ericsson (Sweden), Corning (US),
and Coriant (US). The key innovators in the
market are Lumentum Operations (US), Calix (US),
Oclaro (US), Arista Networks (US), NeoPhotonics
(US), Mitsubishi Electric (Japan), and ECI
Telecom (Israel).
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Huawei Technologies (China) is among the major
vendors of telecom network infrastructure.
Network equipment provided by Huawei has always
been a major part of rollouts in APAC, Europe,
the US, and many other emerging markets across
the world. Huawei is looking forward to working
with its partners to activate transformation in
enterprise collaboration and communication,
serving various industries. With its innovative
product portfolio, the company aims to help
carriers shift away from the strategic approach
of lowering CAPEX to the new direction of
reducing OPEX. Huawei has developed SingleRAN Pro
that will enable the Wireless First approach for
more services and further help operators to
venture into new business opportunities.
SingleRAN Pro features new 5G capabilities that
include 10-fold network capacity expansion, 10 dB
coverage improvement, and ten times better user
experience. The solution also introduced AI to
simplify networks. Cisco Systems (US) is a
significant player that provides various routing,
switching, and wireless products through its
networking and mobile and wireless product
portfolio. It offers a secure and simplified
network infrastructure of communication services
to small and large enterprises. The company
focuses on partnerships and RD investments for
sustainable growth in the optical communication
and networking equipment market. In 2019, Cisco
Systems partnered with two companies (Telenor and
PLDT), and it is in the process of acquiring a
few more companies to strengthen its capabilities
in the areas of network products, software, and
security. The company focuses on core networking
components on emerging connectivity technology,
such as LoRaWAN, as well as looking forward to
capitalizing on significant IoT opportunities.
This is evident from the recent commercial launch
of the NB-IoT platform.
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