Optical Networking Market Key Players, Market Analysis, Share, Trends And Forecast To 2033

The new report published by The Business Research Company, titled Optical Networking Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the optical networking market size has grown rapidly in recent years. It will grow from $13.95 billion in 2023 to $15.52 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The optical networking market size is expected to see rapid growth in the next few years. It will grow to $24 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%.

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Impact Of Cloud Services On Optical Networking Market
The growing adoption of cloud services is expected to propel the growth of the optical networking market going forward. Cloud services refer to the use of technology, such as machinery, software, or robotics, to perform tasks or processes with minimal human intervention. The adoption of cloud services is driven by their scalability, flexibility, and cost-efficiency, offering businesses streamlined access to computing power, storage, and applications without requiring extensive infrastructure investments. Optical networking facilitates cloud services by providing high-speed, low-latency data transmission, enabling seamless connectivity between cloud data centers and end-users, and ensuring efficient delivery of resources and services. For instance, in December 2023, Eurostat, a Luxembourg-based governmental organization of the European Union operating as the statistical office, reported that in 2023, the percentage of medium-sized businesses using cloud computing services grew to 59% in 2022 from 53% in 2021. Therefore, the growing adoption of cloud services is driving the growth of the optical networking market.

Driving Innovation in Optical Networking
Companies operating in the optical networking market are developing optical transceiver modules to enhance the capabilities of optical networks. Optical transceiver modules play a crucial role in improving the capabilities of optical networks by enabling higher data rates, longer transmission distances, improved signal quality, greater flexibility, and enhanced reliability, all of which are essential for meeting the growing demands of modern telecommunications networks. For instance, in January 2024, EPS Global, an Ireland-based company that distributes specialized computer hardware, launched the 400G ZR+ networking bundle for long-reach optical networks, a specific type of optical transceiver module used in high-speed optical networks. This bundle provides a potent combination of cutting-edge hardware and software to fulfill the ever-increasing demand for greater bandwidth and efficiency in data centers worldwide. This combination is the outcome of a strategic collaboration between EPS Global and its open disaggregated networking industry partners, and it includes Edgecore's network switches, Coherent's breakthrough 400Gigabit ZR+ optics, and IP Infusion's OcNOS, which administers the suite.

The optical networking market covered in this report is segmented -

1) By Component: Optical Fibers, Optical Switches, Optical Amplifiers, Optical Splitters, Optical Transceivers, Optical Circulators
2) By Service: Network Design, Data Centre Network Maintenance And Support
3) By Technology: Synchronous Optical Networking, Wavelength Division Multiplexing, Coarse Wavelength Division Multiplexing, Dense Wavelength Division Multiplexing, Reconfigurable Optical Add-Drop Multiplexer, Fiber Channels
4) By End User: Military And Defense, Banking, Financial Services, And Insurance, Information Technology And Telecommunications, Government, Other End Users

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Major companies operating in the optical networking market are Huawei Technologies Co., Cisco Systems Inc., Broadcom Inc., Mitsubishi Electric Corporation, Ericsson, NEC Corporation, Nokia Corporation, Fujitsu Optical Components, ZTE Corporation, Sumitomo Electric Industries Ltd., Corning Inc., Fujikura Ltd., Juniper Networks, Ciena Corporation, II-VI Incorporated, Lumentum Holdings Inc., Infinera Corporation, Adtran Inc., Viavi Solutions Inc., ECI Telecom Ltd., Ribbon Communications Inc., ADVA Optical Networking SE, Oclaro Inc., Finisar Corporation, Applied Optoelectronics Inc.

Contents of the report:
1. Executive Summary
2. Optical Networking Market Report Structure
3. Optical Networking Market Trends And Strategies
4. Optical Networking Market - Macro Economic Scenario
5. Optical Networking Market Size And Growth
…..
27. Optical Networking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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