DUBLIN--(BUSINESS WIRE)--The "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology, Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global optical communication and networking equipment market size was valued at USD 18.9 billion in 2020 and is projected to reach USD 27.8 billion by 2025; it is growing at a CAGR of 8.0% from 2020 to 2025.
Rising adoption of cloud-based services and virtualization services all over the world, increasing data traffic in tandem with internet usage, and the growing number of data centers are the factors driving the optical communication and networking equipment industry growth.
Optical communication and networking equipment market for fiber channel technology estimated to grow at highest CAGR
The market for fiber channel technology-based optical communication and networking equipment is expected to grow at the highest CAGR during the forecast period. In enterprise data centers, high-speed fiber channel networking technology is used widely to transport data from storage systems. It ensures that all storage data arrives at its network destination without loss at extreme throughput and low latency while operating at high utilization rates without data collisions or the need for retransmission.
Optical communication and networking equipment market for up to 40 Gbps to hold the largest share of the market
Optical communication and networking equipment up to 40 Gbps is expected to hold the largest market share. Optical networking devices operating up to 40 Gbps provide large multipoint multiprotocol label switching (MPLS), metro Ethernet, and storage networks. Optical communication and networking devices with a data rate of up to 40 Gbps are designed for providing data security in data center interconnect (DCI), as well as for internet service providers (ISPs) and enterprise networks.
Optical communication and networking equipment market for BFSI vertical to hold the largest share of the market
The BFSI vertical accounted for the largest share of the optical communication and networking equipment market in 2019. Optical communication and networking devices are being increasingly deployed in the BFSI sector to protect their customers' confidential data, meet compliance standards to ensure data security, facilitate security auditing, and avoid reputation damage caused by data breaches.
Key Benefits of Buying the Report
- This report segments the optical communication and networking equipment market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different verticals and regions.
- The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes the competitor's ecosystem, product developments, partnerships, and mergers and acquisitions in the optical communication and networking market.
- Rising Adoption of Cloud-Based and Virtualization Services Globally
- Growing Number of Data Centers
- High Initial Investment
- Increased Network Complexity
- Deployment of VoIP, LTE, and 5G Networks
- Expansion of Networks in Developing Countries
- Adoption of IoT
- Vulnerability of Optical Networks to Hacking
Susceptibility of Optical Fibers to Physical Damage and Transmission Losses
- Huawei Technologies Company, LTD.
- Cisco Systems, Inc.
- Ciena Corp.
- Finisar Corp.
- ZTE Corp.
- Adtran, Inc.
- Infinera Corp.
- Adva Optical Networking
- Fujitsu LTD.
- ECI Telecom
- Calix, Inc.
- Lumentum Holdings Inc.
- Neophotonics Corp.
- Juniper Network, Inc.
- Alcatel-Lucent Enterprise
- TE Connectivity
For more information about this report visit https://www.researchandmarkets.com/r/kuoiqp