The Worldwide Optical Communication and Networking Equipment Market is Projected to reach USD 38.5 Billion by 2028, at a CAGR of 8.8%

Published Date: 28-Jul-22

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Optical Communication and Networking Equipment Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Optical Communication and Networking Equipment Market size is expected to reach $38.5 billion by 2028, rising at a market growth of 8.8% CAGR during the forecast period.

The Optical Fibers segment acquired maximum revenue share in the Global Optical Communication and Networking Equipment Market by Component in 2021, achieving a market value of $10.7 billion by 2028. Optic Fiber is the technique that sends information as light pulses via a glass or plastic fiber. These glass fibers can range in quantity from a few to several hundred in a fiber optic cable. The optic fiber segment is further divided into two sub-segments that is single-mode fibers, and multi-mode fibers.

The BFSI segment is showcasing a CAGR of 9.1% during (2022 - 2028). In order to safeguard their customers' private information, meet compliance rules for data security, enable security auditing, and prevent reputational damage from data breaches, the BFSI sector is progressively deploying optical communication and networking devices. As a result, the market for optical communication and networking equipment is growing due to the BFSI vertical.

The Up To 40 GBPS segment is generating maximum revenue share in the Global Optical Communication and Networking Equipment Market by Data Rate in 2021, achieving a market value of $21.5 billion by 2028. The element management system (EMS) needs increased reliability as the network capacity rises. The data rate of up to 40 Gbps provides reliable monitoring technology due to which the demand for them is increasing, which results in improved market growth.

The SONET/SDH segment has shown growth rate of 9.6% during (2022 - 2028). SONET and SDH are standards of existing fiber optic transport system. The main factor supporting the growth in this segment is the fact that SONET/SDH strengths transporting delay video & voice. In addition, SONET/SDH is utilized for high speed data transportation.

The Datacenter segment is leading the Global Optical Communication and Networking Equipment Market by Application in 2021, achieving a market value of $18.7 billion by 2028. OTT platforms use data centers for business purposes, and due to this demand for these platforms is rising continuously. Future growth of the data center industry is anticipated to be driven by the increase in OTT platforms (Netflix, HBO, Disney, and Amazon Prime).

The North America market dominated the Global Optical Communication and Networking Equipment Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.6 billion by 2028. The Europe market is poised to grow at a CAGR of 8.4% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 9.2% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/optical-communication-and-networking-equipment-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fujitsu Limited, Cisco Systems, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Juniper Networks, Inc., ZTE Corporation, ADTRAN, Inc., II-VI Incorporated, Ciena Corporation, and Infinera Corporation.

Global Optical Communication and Networking Equipment Market Segmentation

By Component

  • Optical Fibers
    • Multi-Mode Fibers
    • Single-Mode Fibers
  • Optical Transceivers
  • Optical Amplifiers
  • Optical Switches
  • Optical Splitters
  • Optical Circulators
  • Others

By Vertical

  • IT & Telecom
  • BFSI
  • Government, Military & Defense
  • Healthcare
  • Energy, Utilities & Others

By Data Rate

  • Up To 40 GBPS
  • Greater Than 40 Gbps To 100 Gbps
  • Greater Than 100 Gbps

By Technology

  • Wavelength Division Multiplexing (WDM)
  • SONET/SDH
  • Fiber Channel

By Application

  • Datacenter
  • Telecom
  • Enterprises

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Fujitsu Limited
  • Cisco Systems, Inc.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Nokia Corporation
  • Juniper Networks, Inc.
  • ZTE Corporation
  • ADTRAN, Inc.
  • II-VI Incorporated
  • Ciena Corporation
  • Infinera Corporation

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Related Reports:

North America Optical Communication and Networking Equipment Market Size & Opportunities 2022-2028

Europe Optical Communication and Networking Equipment Market & Growth Forecast 2022-2028

Asia Pacific Optical Communication and Networking Equipment Market Share & Industry Outlook to 2028

LAMEA Optical Communication and Networking Equipment Market Growth, Trends & Forecasts 2022-2028

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