Global Optical Communication & Network Equipment Market Growth to advance steadily at 7.52%

According to the estimations put forth by Inkwood Research, the Global Optical Communication & Network Equipment Market is estimated to project a CAGR of 7.52% in terms of revenue during the forecasting years of 2021-2028.

"Browse 50 Market Data Tables and 43 Figures spread over 218 Pages, along with an in-depth TOC on the Global Optical Communication & Network Equipment Market Forecast 2021-2028."

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Optical communication systems transfer information optically through fibers. The building blocks of the optical communications system are a transparent channel, a light signal, a transmitter/receiver, and a modulator/demodulator. It is strongly dependent on optical fibers to carry signals to the destinations.

Surging Adoption of Cloud-Based & Visualization Services

Cloud computing has witnessed surging adoption in the past decade. It has major potential, which lies majorly in the data. Hence, data visualization becomes necessary. Also, more than 90% of businesses are incorporating a multi-cloud environment. As per industry sources, 52% of these plan to use or are already using a fully integrated hybrid environment. This further facilitates consistency with regard to security policy and minimizes the total costs.

Optical networking technology can play a central role in realizing the cost-effective interconnection of many resources over a hugely distributed computing environment. Particularly when cloud solutions address the huge data exchange and processing. Moreover, businesses need uninterrupted, well-designed, and fast internet connections for the optimal use of the cloud. As a result, the high-speed performance of the fiber-optic network is central to efficient cloud computing. Furthermore, the fiber-optic network will aid the fast-paced transfer of information stored in the cloud.

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WDM is the Fastest-Growing and Largest Technology

WDM (Wavelength Division Multiplexing) is a fiber-optic transmission technique that enables several optical signals to be transmitted by a single fiber. Its working principle is similar to Frequency Division Multiplexing (FDM).

The two types of WDM include CWDM (Coarse WDM) and DWDM (Dense WDM). The former is used for short-range communications. Hence, it deploys wide-range frequencies with far-spread wavelengths. Whereas the latter is defined with regard to frequencies. Its tight wavelength spacing enables the incorporation of more channels onto a single fiber.

Europe is the Fastest-Growing Region

One of the key growth drivers of the European market is the demand for high bandwidth fiber optic cables for communication and data services. This is further attributed to the demand for high-data-rate, high-speed, and bandwidth-intensive applications. The other growth drivers include the deployment of 5G infrastructure and the presence of key players.

Innovations offer a sustainable competitive advantage to market players. Also, companies have their own strategy and core competencies, further intensifying the competitive rivalry. Ciena Corporation, ZTE Corporation, Alcatel-Lucent Enterprise, Huawei Technology Co Ltd, etc., are among the prominent market players.

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