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The Global Optical Communication and Network Equipment Market Evaluated to Gather $23.57 Billion in Value by 2028

10-20-2021 02:06 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

The Global Optical Communication and Network Equipment Market

The Global Optical Communication and Network Equipment Market

According to Triton’s report, the global optical communication and network equipment market, which acquired $13.65 billion in 2020, is forecasted to grow at 7.06% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Optical Communication and Network Equipment Market’ contains the Global Analysis and Forecasts by Components (Optical Fiber, Transceiver, Switch, Other Components), Industry Verticals (BFSI, IT & Telecom, Medical & Healthcare, Military & Defense, Oil & Gas), Technology (WDM, Fiber Channel, SONET), and by Geography (North America, Middle East and Africa, Latin America, Europe, Asia-Pacific).

Request Free Sample of the Global Optical Communication and Network Market Report @ https://www.tritonmarketresearch.com/reports/optical-communication-and-network-equipment-market#request-free-sample

Triton Market Research’s report suggests that the optical communication and network market is likely to grow at a CAGR of 7.06%, attaining a revenue of $23.57 billion by 2028.

An optical communication network is a network type where light transmits a signal to the remote end instead of an electric current.

Over the years, cloud computing has become essential across every business. This has encouraged companies to adopt complex cloud computing solutions. Hence, the increase in cloud-based services, coupled with the surge in the number of data centers, are supporting the growth of the optical communication and network equipment market. However, certain factors, such as the need for high initial investment and rising network complexities, are obstructing the progression of the optical communication and network equipment market.

The optical communication and network equipment market is broadly segmented into components, industry verticals, and technology.
The components section is categorized into optical fiber, transceiver, switch, and other components. Based on industry verticals, it is sectioned into BFSI, IT & telecom, medical & healthcare, military & defense, and oil & gas. Lastly, it is branched into WDM, fiber channel, and sonet.

The Asia-Pacific holds the largest market for optical communication and network equipment. This robust growth is a major hub for consumer electronics and other industrial verticals. Besides, several consumers have shifted from 3G to 4G networks. Other than this, fiber connectivity in the region is undergoing massive upgrades. These factors influence the demand for optical network equipment. Hence, as stated above, all these factors are widening the scope and growth of the optical communication and network equipment market in the APAC region.

Fujitsu Optical Components Limited, Alcatel Lucent Enterprise, Infinera Corporation, Arista Networks Inc, Ciena Corporation, ZTE Corporation, Adtran Inc, Huawei Technology Co Ltd, Juniper Networks Inc, Ribbon Communications Inc, Mitsubishi Electric Corporation, Nokia Corporation, Cisco Systems Inc, NEC Corporation, and Ericsson are major companies thriving in the optical communication and network equipment market.

Purchase this report @ Purchase this Report @ https://www.tritonmarketresearch.com/reports/optical-communication-and-network-equipment-market#purchase-option


Question & Answer: Optical Communication and Network Equipment Market

Question 1: What factors are supporting the growth of the optical communication and network equipment market?

Answer: Over the years, cloud computing has become essential across every business. This has encouraged companies to adopt complex cloud computing solutions. Hence, the increase in cloud-based services, coupled with the surge in the number of data centers, are supporting the growth of the optical communication and network equipment market.

Question 2: What elements are obstructing the progression of the optical communication and network equipment market?

Answer: Factors such as the need for high initial investment and rising network complexities, are obstructing the progression of the optical communication and network equipment market.

Question 3: Which region holds the largest market for optical communication and network equipment market?

Answer: The Asia-Pacific holds the largest market for optical communication and network equipment. This robust growth is a major hub for consumer electronics and other industrial verticals. Besides, several consumers have shifted from 3G to 4G networks. Other than this, fiber connectivity in the region is undergoing massive upgrades. These factors influence the demand for optical network equipment. Hence, as stated above, all these factors are widening the scope and growth of the optical communication and network equipment market in the APAC region.

Question 4: Which major companies are thriving in the optical communication and network equipment market?

Answer: Fujitsu Optical Components Limited, Alcatel Lucent Enterprise, Infinera Corporation, Arista Networks Inc, Ciena Corporation, ZTE Corporation, Adtran Inc, Huawei Technology Co Ltd, Juniper Networks Inc, Ribbon Communications Inc, Mitsubishi Electric Corporation, Nokia Corporation, Cisco Systems Inc, NEC Corporation, and Ericsson are major companies thriving in the optical communication and network equipment market.

Related Report:

Global 5G Infrastructure Market

The global 5G infrastructure market is likely to display growth in its revenue during 2019-2025 at a CAGR of 30.62%. It is forecasted to acquire revenue worth $9182.64 million by 2025.

The 5G network delivers high-speed communication, covering an ecosystem of various components such as software, hardware, and services.

The growth of the studied market is supported by the rise in internet use and the growing wearables devices segment in the consumer electronics sector.

Other than this, the rising need for improved connectivity for industrial automation and upscale demand for quality content streaming creates opportunities for the 5G infrastructure market globally.

Triton Market Research
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We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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