Rapid Growth in Optical Communication & Networking Equipment Market

1. 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.marketsandmarkets.com/Market-Reports/Optical-networking-communications-market-227693036.html

2. 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"

3. 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/pdfdownloadNew.asp?id=227693036 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.

4. 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/requestsampleNew.asp?id=227693036 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).

5. 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 R&D 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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