Emerging Trends to Drive Elastic Optical Network Market Growth at 16.1% CAGR Through 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Elastic Optical Network Market Size Growth Forecast: What to Expect by 2025?
The market size of the elastic optical network has seen a significant upswing in the past few years. It's expected to expand from $9.05 billion in 2024 to $10.53 billion in 2025, showing a compound annual growth rate (CAGR) of 16.4%. The surge during the historic period can be linked to the growing need for high-speed internet, the expansion of telecommunication infrastructure, widespread usage of cloud computing, the emergence of digital healthcare services, and increased investment in fiber optics.

How Will the Elastic Optical Network Market Size Evolve and Grow by 2029?
The market size for elastic optical networks is anticipated to experience swift expansion in the coming years, expected to reach $19.12 billion in 2029 with a compound annual growth rate (CAGR) of 16.1%. This anticipated growth during the prediction period is due to the escalating deployment of 5g networks, the increasing requirement for uninterrupted connectivity, expanding adoption of cloud services, a surge in applications that require high bandwidth, and escalating regulatory support. Key tendencies during the projection period encompass advancements in the technology of elastic optical devices, incorporation of software-defined networks, innovations in bandwidth-variable transceivers, evolution of adaptable network architectures, and progression in spectrum slicing techniques.

View the full report here:
https://www.thebusinessresearchcompany.com/report/elastic-optical-network-global-market-report

What Drivers Are Propelling the Growth of Elastic Optical Network Market Forward?
Anticipated market growth for elastic optical networks is largely attributed to the increasing need for high-speed internet access. High-speed internet, characterized by broadband network connections capable of rapid data transmission, supports various applications such as cloud computing, video conferencing, and streaming. The uptick in demand is primarily influenced by a surge in digital connectivity, attributed to the rising amount of data-intensive applications and online users. Elastic optical networks cater to this burgeoning need by offering a scalable, flexible, and robust fiber-optic infrastructure that can diversify bandwidth allocation based on changing user requirements. To illustrate, the Office of Communications (Ofcom), a UK-centric communications regulator, reported in December 2024 that 69% of UK households -equating to roughly 20.7 million homes- now have full-fiber broadband. This signifies a considerable jump from the 57% (17.1 million homes) reported in September 2023. Consequently, the elastic optical network market is experiencing growth driven by the escalating demand for high-speed internet access.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=28626&type=smp

Which Emerging Trends Are Transforming the Elastic Optical Network Market in 2025?
Primary players in the elastic optical network industry are making strides towards technological innovations, such as high-capacity coherent optical transceiver engines. These endeavours aim to improve network pliability, optimize spectral efficiency, and accommodate high-speed data transmission to meet the escalating bandwidth requirements. Technically, high-capacity coherent optical transceiver engines are cutting-edge optical units capable of transmitting data at exceptionally high speeds across fiber networks, utilizing coherent detection and flexible modulation to fully exploit bandwidth and spectral efficiency. For example, Infinera Corporation, a US telecommunication equipment firm, debuted its 1.2-Tbps ICE7 optical engine in March 2023. The ICE7 features programmable operation with open APIs for effortless incorporation into extant systems, accommodates 800G transmission over 3,000 kilometers, and ensures up to 30% cost savings per bit and 60% power reduction per bit compared to previous solutions. Among other capabilities, it is compatible with super C- and super L-band operation, affording up to 12 THz of useful spectrum and significant capacity augmentation.

What Are the Key Segments in the Elastic Optical Network Market?
The elastic optical network market covered in this report is segmented as

1) By Component: Hardware, Software, Services
2) By Technology: Wavelength Division Multiplexing, Optical Transport Network, Optical Add-Drop Multiplexer, Other Technologies
3) By Application: Data Centre, Metropolitan Network, Long Haul, Cloud Computing, Other Applications
4) By End-User: Telecommunication, Information Technology (IT) And Data Centres, Banking Finance Services And Insurances (BFSI), Healthcare, Government, Other End-Users

Subsegment:
1) By Hardware: Optical Transceivers, Reconfigurable Optical Add-Drop Multiplexers (ROADMs), Optical Amplifiers, Optical Switches, Network Interface Cards (NICs)
2) By Software: Network Management Software, Network Orchestration Software, Software-Defined Networking (SDN) Controllers, Performance Monitoring And Analytics Software
3) By Services: Consulting And System Integration, Network Design And Planning, Installation And Deployment, Maintenance And Support, Managed Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=28626&type=smp

Who Are the Key Players Shaping the Elastic Optical Network Market's Competitive Landscape?
Major companies operating in the elastic optical network market are Huawei Technologies Co. Ltd., Cisco Systems Inc., Fujitsu Limited, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, Corning Incorporated, Furukawa Electric Co. Ltd., Juniper Networks Inc., Ciena Corporation, Sumitomo Electric Industries Ltd., Viavi Solutions Inc., Lumentum Holdings Inc., Ribbon Communications, Edgecore Networks Corporation, Applied Optoelectronics Inc., Ekinops SA, Fibrain sp. z o.o, Optoscribe Ltd.

What Geographic Markets Are Powering Growth in the Elastic Optical Network Market?
North America was the largest region in the elastic optical network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in elastic optical network report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=28626

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.