Global Optical Communication and Networking Equipment Market Size to Reach USD 47.59 Billion in 2032 | Emergen Research

Vancouver, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The global Optical Communication And Networking Equipment Market size is expected to reach USD 47.59 Billion in 2032 and register a steady revenue CAGR of 8.4% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth can be attributed to rising demand for high-speed network connectivity, increasing usage of smartphones and network connected devices, as well as increasing number of Internet users. These factors are further boosting adoption of optical communication and networking equipment, owing to increasing focus of companies on wavelength transmission of network connection.

Get a Free Sample PDF of the report @ https://www.emergenresearch.com/request-sample/848

Rising investments by major players in technological advancements such as Artificial Intelligence (AI)-based systems, cloud computing, and Internet of Things (IoT) are expected to further boost market growth during the forecast period. Rising demand for wearable devices, virtual services, and increasing need for network connectivity across commercial, institutional, and industrial sectors are also driving utilization of optical communication and networking equipment.

Scope of Research

Click to Purchase this Report at an Exclusively Discounted Rate @ https://www.emergenresearch.com/request-discount/848

Major Companies and Competitive Landscape

The global optical communication and networking equipment market is moderately fragmented, with a large number of small- and medium-sized manufacturers accounting for a major revenue share. Major companies have well-established manufacturing facilities and engaging in various research & development activities and taking many initiatives to develop and deploy new and more efficient technologies. Some major companies included in the optical communication and networking equipment market 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
•  Adtran Inc.

Strategic Development

• In January 2021, Fujitsu Frontech North America Inc. announced the launch of Fujitsu S3, which is designed to simplify integrating, deploying, and developing self-service solutions and is built on the concept of Self-Service Simplified. S3 modular software and hardware building blocks can be integrated individually into a retailer’s existing technology footprint or used for complete in-store solutions. As part of S3, the company also launched FUJITSU cash automated solution named sSmartCASH, which is the world’s most compact standard capacity coin and banknote recycler on the market.
• In November 2020, Huawei Technologies Co. Ltd. announced that it has upgraded its Optical Networking 2.0 (ON2.0) solution at the company’s 7th Optical Network Innovation Forum. This upgrade features new services, speed, schema, smart O&M, and sites. It will further help operators to develop innovative services and sustain in the competitive market.
• In August 2020, Ciena Corporation and Windstream announced that the latter will develop its National Converged Optical Network (NCON) with Ciena’s photonic, coherent optical, and intelligent software platforms. This newly developed network would enable Windstream to cater to growing customer demand for bandwidth, owing to remote learning and work applications, as well as video streaming and cloud computing.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/848

Some Key Highlights From the Report

• Optical transceivers segment accounted for the largest revenue share in the optical communication and networking equipment market in 2020. Increasing development of high-speed networking technology to store data on servers to reduce the traffic would propel growth of this segment. Optical transceivers convert electrical data signals from data switches into optical signals.
•  WDM segment is expected to grow at a fast pace during the forecast period. Increasing demand for high-speed networks is further boosting demand of fiber optic transmission technique which enables multiple wavelengths to transmit data on the same medium. It is resulting in increasing shift towards wavelength division multiplexing in the optical communication and networking equipment market.
• Data center segment expected to account for significant revenue share during the forecast period. Increasing adoption of cloud-based systems, expansion of high-speed network connectivity, and high data traffic due to increasing number of smartphone users and other network connected devices are driving market for optical communication and networking equipment
• IT and telecommunication segment accounted for largest revenue share in the optical communication and networking equipment market in 2020. Increasing adoption of electronic gadgets and chips and higher need to produce semiconductor materials at large scale are expected to support deployment of optical communication and networking equipment in IT and telecommunication sector.
• North America accounted for largest revenue share in the global optical communication and networking equipment market in 2020. Increasing focus on developing novel technologies such as AI-based systems and IoT connectivity and enhancement of 5G network coverage are factors driving deployment of optical communication and networking equipment in the region.

To know more about the study, visit: https://www.emergenresearch.com/industry-report/optical-communication-and-networking-equipment-market

Emergen Research has segmented global optical communication and networking equipment market on the basis of component, technology, application, end-use, and region:

•  Component Outlook (Revenue, USD Billion; 2021–2032)
  • Optical Fibers
  • Optical Transceivers
  • Optical Amplifiers 
  • Optical Circulators 
  • Optical Sensors
  • Others
• Technology Outlook (Revenue, USD Billion; 2021–2032)
  • SONET
  •  Fiber Channel
  • WDM
• Application Outlook (Revenue, USD Billion; 2021–2032)
  • Telecom
  • Data Center
  • Enterprise
• End-use Outlook (Revenue, USD Billion; 2021–2032)
  • BFSI
  • IT & Telecommunication
  • Healthcare
  • Commercial
  • Energy & Utilities
  • Others
• Regional Outlook (Revenue, USD Billion; 2021–2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. BENELUX
    5. Switzerland
    6. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

Curated Reports You Shouldn't Miss: Dive In Now!

• Carbon Nanotube Market Size, Share, Trends, By Product Type (Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes), By Technology, By Application, and By Region Forecast to 2030
• Nanocoatings Market By Product Type (Antimicrobial, Anti-Fouling & Easy-to-Clean, Self-Cleaning. Anti-Fingerprints), By Distribution Channel, By Industry Verticals (Healthcare, Automotive, Building & Construction, Electronics, Marine, Energy, Water Treatment, Packaging), Forecasts to 2027
• Metamaterial Market By Material Type (Electromagnetic, Photonic, Tunable, Terahertz), By Application (Absorber, Antenna, Cloaking Devices, Super Lens, MRI, X-ray), By End-Use (Medical, Automotive, Consumer Electronics), and By Region Forecast to 2030
• Water Treatment Chemicals Market Size, Share, Trends, By Product (Biocide & Disinfectant, Coagulants & Flocculants, Scale & Corrosion Inhibitors), By End User (Oil & Gas, Municipal), By Application (Boiler, Raw Water Treatment), Forecasts to 2027
• Polylactic Acid Market By Product Type (Racemic PLLA (Poly-L-lactic Acid), Regular PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid)), Distribution Channel, BY Application (Packaging, Textile, Transport, Agriculture, Electronics, Medical), Forecasts to 2027
• Cathode Materials Market, By Battery Type (Lead Acid and Lithium-ion), By Material (Lead Dioxide, Lithium Manganese Oxide, Lithium Cobalt Oxide, Lithium Iron Phosphate, and Others), By Application, and By Region Forecast to 2030
• Nanopatterning Market By Type (Nanoimprint Lithography, E-beam lithography, Others), By Technology (Soft lithography, UV nanoimprint lithography, Others), Application (Consumer Electronics, Healthcare, Foundry, Others), By Region Forecasts to 2027

About Emergen Research                                            

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. For more information, visit
Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Optical Communication and Networking Equipment Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-optical-communication-and-networking-equipment-market