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How big is the opportunity for the optical communication & networking equipment market?

05-22-2020 06:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

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.

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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 & 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.

Nokia Networks (Finland) is an established brand in the network equipment industry. It offers a range of products, solutions, and services for the network infrastructure market and holds strong business relationships with telecom operators worldwide. Nokia regularly invests in R&D activities. The company launched multiple products within LTE versions and 5G for the modification of existing network technologies and new deployment. In addition to product launches, the company focuses on collaborations to meet the demand for network infrastructure and identify new avenues of growth and digitization. For instance, in February 2019, Nokia and Vodafone collaborated to demonstrate two massive Multiple Input Multiple Output (mMIMO) innovations to improve 5G capacity and performance. The companies jointly showcased how 5G services can be delivered using low power and compact form factor, as well as RFIC-based mMIMO antennas, which reduce the total cost of ownership (TCO) and are easier to deploy than that of conventional mMIMO antennas.

The optical communication and networking market for optical transceivers is expected to grow the highest CAGR during the forecast period

The demand for optical transceivers is expected to grow at the highest CAGR during the forecast period due to the introduction and adoption of new applications such as wearable devices, IoT, and cloud computing owing to the change in consumer needs. The increasing internet penetration and data traffic are leading to the rapid growth of data centers, along with the need for high transmission networks. Optical transceivers are used to upgrade telecommunications networks and launch very large mega data centers.

The optical communication and networking equipment market for datacenter application to grow at highest CAGR during the forecast period

The market for data center applications is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the increasing adoption of cloud computing as a mainstream deployment option and growing demand for high-speed internet by the users of smartphones and other connected devices. There is a rapid increase in internet traffic in mega data centers too. Mega data centers are operated primarily by leading companies, such as Amazon (US), Apple (US), Facebook (US), Google (US), and Microsoft (US).



The optical communication and networking market for optical transceivers is expected to grow the highest CAGR during the forecast period

The demand for optical transceivers is expected to grow at the highest CAGR during the forecast period due to the introduction and adoption of new applications such as wearable devices, IoT, and cloud computing owing to the change in consumer needs. The increasing internet penetration and data traffic are leading to the rapid growth of data centers, along with the need for high transmission networks. Optical transceivers are used to upgrade telecommunications networks and launch very large mega data centers.

https://www.marketsandmarkets.com/Market-Reports/Optical-networking-communications-market-227693036.html

The optical communication and networking equipment market for datacenter application to grow at highest CAGR during the forecast period

The market for data center applications is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the increasing adoption of cloud computing as a mainstream deployment option and growing demand for high-speed internet by the users of smartphones and other connected devices. There is a rapid increase in internet traffic in mega data centers too. Mega data centers are operated primarily by leading companies, such as Amazon (US), Apple (US), Facebook (US), Google (US), and Microsoft (US).

Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

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