Data Centers to hike demand for Optical Communication & Network Equipment

According to a new market research report launched by Inkwood Research, the Optical Communication & Network Equipment Market is anticipated to attain $28.37 billion by 2028, rising at a growth rate of 7.52% from 2021 to 2028.

Browse through 50 market data Tables and 43 Figures spread over 218 Pages, along with in-depth analysis on the Global Optical Communication & Network Equipment Market by Industry Verticals, Components, Technology, & Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Optical Communication & Network Equipment Market Scenario

Data centers comprise physical or virtual servers connected through networking and communication equipment to transfer and store digital information. With the rise in cloud computing and the growing need to reduce IT costs, the construction of data centers has become imperative. As per estimates, there are approximately 7,500 data centers globally, with many under construction. In 2020, Microsoft, Amazon, and Google operated half of the world's data hyperscale data centers. The optic is the only connectivity cable that supports faster data rates. Hence, the growing number of data centers is driving the growth of the optical communication & network equipment market.

However, high initial investment and increased network complexities negatively impact the overall market's growth. Several large enterprises use high-capacity fiber-optic access networks. Buy, small businesses need to consider high installation costs relating to optical networks.

The Global Optical Communication & Network Equipment Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Optical Communication & Network Equipment Market Industry Verticals, Components, Technology, & Geography: https://inkwoodresearch.com/reports/optical-communication-and-network-equipment-market/#request-free-sample

Market Segmentation

Market by Industry Verticals
• Military & Defense
• Oil & Gas
• Medical & Healthcare
• IT & Telecom
• BFSI

Market by Components
• Switch
• Transceiver
• Optical Fiber
• Other Components

Market by Technology
• Fiber Channel
• Sonet
• WDM

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028

Companies Profiled
• NOKIA CORPORATION
• ADTRAN INC
• FUJITSU OPTICAL COMPONENTS LIMITED
• RIBBON COMMUNICATIONS INC
• HUAWEI TECHNOLOGIES CO LTD
• NEC CORPORATION
• CIENA CORPORATION
• JUNIPER NETWORKS INC
• ARISTA NETWORKS INC
• ALCATEL-LUCENT ENTERPRISE
• TELEFONAKTIEBOLAGET LM ERICSSON
• INFINERA CORPORATION
• ZTE CORPORATION
• CISCO SYSTEMS INC
• MITSUBISHI ELECTRIC CORPORATION

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GLOBAL OPTICAL TRANSPORT NETWORK MARKET - The global optical transport network market is predicted to advance at a compound annual growth rate of 12.35% during the forecasting years 2018-2026.

GLOBAL COHERENT OPTICAL EQUIPMENT MARKET - The global market for coherent optical equipment market is projected to display a CAGR of 10.07% during the forecasted period.

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