Optical Communication and Networking Equipment Market to Garner $26.83 Bn by 2027, Globally: AMR
Allied Market Research
6 min read
Allied Market Research
The global optical communication and networking equipment market is driven by surge in data traffic with rising internet usage, increase in adoption of cloud-based and virtualization services, and rise in demand for advanced network equipment. By technology, the WDM segment held nearly half of the global optical communication and networking equipment market in 2019. By region, the Asia-Pacific region garnered the largest market share in 2019.
Wilmington, Delaware , Nov. 15, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research Titled, “Optical Communication and Networking Equipment Market By Component (Optical Fiber, Transceiver, Switch, and Others), Technology (SONET, WDM, and Fiber Channel), and Industry Vertical (IT & Telecom, BFSI, Military & Defense, Oil & Gas, and Medical & Healthcare): Global Opportunity Analysis and Industry Forecast, 2020-2027.” the global optical communication and networking equipment market garnered $15.72 billion in 2019, and is anticipated to hit $26.83 billion by 2027, manifesting a CAGR of 7.2% from 2020 to 2027. The report provides a detailed analysis of key segments, top investment pockets, value chain, changing market trends, competitive landscape, and regional scenario.
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114 – Tables
88 – Charts
362 – Pages
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2020 to 2027
Base Year
2019
Market Size in 2019
$15.72 Billion
Market Size in 2027
$26.83 Billion
CAGR
28.0%
No. of Pages in Report
362
Segments covered
Component, Technology, Industry Vertical and Region.
Drivers
Surge in data traffic owing to the increased internet usage Increasing number of data centers Rise in adoption of cloud based as well as virtualization services Increase in demand for advanced network equipment due to COVID-19 pandemic
Opportunities
Acceleration in deployment of VoIP, LTE, and 5G networks Rise in adoption of AI and IoT
Restraints
Huge initial investment
The global optical communication and networking equipment market is driven by surge in data traffic with rising internet usage, increase in adoption of cloud-based and virtualization services, and rise in demand for advanced network equipment. However, the need for huge initial investment hampers the market growth. Nevertheless, increase in deployment of 5G networks, LTE, & VoIP, and rise in adoption of AI and IoT provide new opportunities in the coming years.
The report provides a detailed segmentation of the global optical communication and networking equipment market on the basis of technology, component, industry vertical, and region.
By technology, the WDM segment held nearly half of the global optical communication and networking equipment industry in 2019, and is anticipated to continue its lead by 2027. Moreover, the same segment is projected to witness the fastest CAGR of 7.7% from 2020 to 2027.
By component, the transceiver segment accounted for around one-third of the total market share in 2019, and is estimated to dominate throughout the forecast period. However, the optical fiber segment is expected to register the highest CAGR of 8.1% from 2020 to 2027.
By region, the Asia-Pacific region garnered the largest market share in 2019, contributing to more than half of the total market share, and is estimated to lead the trail by 2027. However, Europe is registered to grow at the largest CAGR of 8.9% from 2020 to 2027.
Leading players of the global optical communication and networking equipment market discussed in the research include Fujitsu Optical Components Limited, Mitsubishi Electric, Arista Networks, Inc., Ericsson, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Nokia Corporation, NEC Corporation, and ZTE Corporation.
As per the optical communication and networking equipment market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the optical communication and networking equipment market analysis from 2022 to 2032 to identify the prevailing optical communication and networking equipment market opportunities.
The optical communication and networking equipment Market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the optical communication and networking equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global optical communication and networking equipment market trends, key players, market segments, application areas, and optical communication and networking equipment Market growth strategies.
Optical Communication And Networking Equipment Key Segments:
By Component
Optical Fiber
Transceiver
Switch
Others
By Technology
SONET
WDM
Fiber Channel
By Industry Vertical
IT & Telecom
BFSI
Military Defense
Oil & Gas
Medical & Healthcare
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
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