Feb 24, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Optical Communication and Networking Equipment Market.
It was estimated prior to this unanticipated outbreak that the Optical Communication and Networking Equipment Market is likely to witness an impressive CAGR of 8.5% during the forecast period. Increasing usage of cloud-based services and virtualization along with increasing data traffic and data centers due to increased internet usage is the major factor contributing to the demand for optical communication and networking equipment market.
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Optical communication and networking equipment is a device that is used to convert the signal into coded form of light pulse to transmit information in several types of telecommunication networks. It is used in a range of Wide Area Network (WAN), Local Area Network (LAN), and to form network in national, international and interoceanic distance. This type of mechanism depends on optical amplifier, Lasers, LEDs, WDM to transfer data by optical fiber.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Segment Analysis
Based on the technology type, the market is segmented as SDH, WDM, CWDM, DWDM, and fiber channel. The WDM segment held the largest share of the market in 2019, whereas the fiber channel segment is expected to show the highest growth during the forecast period. Huge investments by the key manufacturers to build WDM ROADM-based optical equipment to provide faster and higher transmission capacity networks to their customers is the major factor behind the dominance of the WDM segment.
Based on the data rate type, the optical communication and networking equipment market is segmented as up to 40 Gbps, more than 40 Gbps to 100 Gbps, and more than 100 Gbps. Optical communication and networking devices with a data rate of up to 40 Gbps are employed to provide data security in internet service providers (ISPs), data center interconnect (DCI), and enterprise networks. They also provide large multipoint multiprotocol label switching (MPLS), metro ethernet, and storage networks, which is driving the growth of the segment.
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. The region is the major hub of consumer electronics along with automobiles, and industrial verticals. Rising connectivity solutions from 3G to 4G technology, increasing spending for the development of 5G mobile technologies, increasing adoption of smartphones, growing number of internet users, and increasing bandwidth-intensive applications are the major growth drivers of the region’s market. Increasing investments in R&D activities, and rising focus of IT companies on the growth of big data analytics and cloud-based services in the region are expected to further fuel the growth of this market.
Key Players:
Key players operating in the global Optical Communication and Networking Equipment market are-
- Huawei Technologies Co., Ltd
- Cisco Systems, Inc.
- Ciena Corporation
- Nokia Corporation
- Finisar Corporation
- ZTE Corporation
- Adtran, Inc.
- Infinera Corporation
- ADVA Optical Networking SE
- Fujitsu LTD
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Optical Communication and Networking Equipment analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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