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
Key Market Players
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).
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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.
The optical communication and
networking equipment 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.
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.
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Major drivers for the growth of this market in APAC
include the increasing adoption of smartphones, a growing number of internet
users (41.9 per 100 inhabitants), the rising demand for connectivity, growing
focus on improving existing networks and establishing new connectivity
networks, and increasing bandwidth-intensive applications, such as
video-on-demand services. The growing population, increasing investments for
R&D activities, and the rising focus of international and domestic IT
companies on the growth of big data analytics and cloud-based services in the
region are expected to drive the growth of this market.
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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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