Optical Communication and Networking Equipment Market worth $36.6 billion by 202

1. MarketsandMarkets Presents Optical Communication and Networking Equipment Market worth $36.6 billion by 2027 Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology (WDM, Fiber Channel), Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical and Region (2022-2027) https://www.marketsandmarkets.com/Market-Reports/Optical-networking-communications-market-227693036.html

2. According to the report "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology (WDM, Fiber Channel), Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical and Region - Global Forecast to 2027", published by MarketsandMarkets™, the market was estimated at USD 24.2 billion in 2022 and is projected to reach USD 36.6 billion by 2027, growing at a CAGR of 8.6% during the forecast period. Rising adoption of cloud-based and virtualization services globally and expansion of telecom infrastructure in developing economies are the major driving factors for the growth of the optical communication and networking equipment market.  Browse 213 market data Tables and 57 Figures spread through 227 Pages and in-depth TOC on "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology (WDM, Fiber Channel), Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical and Region - Global Forecast to 2027"

3. By application: Data Centre application in optical communication and networking equipment to propel market growth in 2021 The data center application accounted for the largest share of the optical communication and networking equipment market in 2021.  This growth in the market is due to factors such as the transition toward cloud storage and increasing technological developments, including machine learning, artificial intelligence, and deep learning, which, in turn, increase the data traffic across networks, which create demand for high data rate transceivers, switches, and amplifiers for efficient data communication. Also, leading cloud service providers such as Google (US), Amazon (US), and Microsoft (US) are implementing high data rate transceivers in their data centers. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227693036 Increasing technology areas of WDM technology to accelerate demand for optical communication and networking equipment's WDM technology-based optical communication and networking equipment accounted for the largest market share of ~69% in 2021. The development of ROADM-based WDM networking solutions is one of the emerging trends in the global optical networking and communications market. Key factors for the growth of WDM technology are higher bandwidth, easy configuration, better security, and duplex transmission. Owing to this, WDM technology is expected to continue to hold the largest market share during the forecast period.

4. Asia Pacific likely to emerge as the fastest optical communication and networking equipment market during the forecast period Asia Pacific is projected to grow at the highest CAGR ~11% during the forecast period. The Asia Pacific region is the largest producer and consumer of smartphones, laptops, TVs, and various other data-generating devices across the world. This leads to high demand for internet in the region, thereby propelling the growth of the optical communication and networking equipment market. In addition, the growing demand for computing applications, as well as the increasing demand for compact and energy-efficient modules, is pushing the market forward. The market will benefit from the growing focus on 5G networks and the rising demand for high data transfer capabilities. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=227693036 Huawei Technologies Co., Ltd. (China), Cisco Systems, Inc.  (US), Ciena Corporation (US), Nokia (Finland), II-VI Incorporated (US), ZTE Corporation (China), ADTRAN Inc. (US), Infinera Corporation (US), ADVA Optical Networking (Germany), and FUJITSU (Japan) are some of the key players in the optical communication and networking equipment market.

5. Opportunity: Expansion of telecom infrastructure in developing economies The expansion of telecommunication infrastructure will have a substantial effect on developing countries in a positive way. With the advent of IoT, AI, and Big Data, there is an increasing demand for smart devices and other connected applications. The interconnected technologies across telecommunication sectors play an important role in capturing, translating, and transferring data into meaningful information, which is crucial for the reinforcement of urban infrastructure. The backbone for this kind of infrastructural development is a high-speed fiber optics network, which can transfer enormous amounts of data, at high speed, from one end to another. The implementation of the 5G network and 6G network requires high-bandwidth oriented fiber optical cables integrated with optical transceivers for secured and reliable data transfers. Therefore, the expansion of optical communication infrastructure across developing nations will drive the optical communication and networking equipment market in the future. Challenge: Vulnerability of optical networks to hacking Fiber optic technology-based storage and communication systems were deemed to be safer than the conventional copper cable-based systems as hacking into data within a fiber optic-based system required extremely sophisticated technology, which used to be only available to government agencies. However, in recent times, inexpensive hardware and software have started emerging. Hardware equipment such as optical/electrical converters transfer the converted signal via the Ethernet connection. Moreover, hacking is possible using sniffer software. With the advancement in technology, fiber hack is becoming commonplace, and the belief that the fiber-optic cable networks are secure is proving to be wrong. With these technologies, data theft is becoming easily possible for hackers, and it is not even getting detected. Fiber hack has been a major challenge for the optical network community and might lead to serious ramifications if not checked at the right time.

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