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The research paper on the "Global Optical Communications and Network Equipment Market" assesses in detail the status quo of this vertical industry compared to its historical trends.
Pune, India, December 8, 2021 (GLOBE NEWSWIRE) - According to MarketStudyReport, the global optical communications and network equipment market will be worth 13.65 billion U.S. dollars in 2020, and is expected to grow at a compound annual growth rate of 7.06% from 2021 to 2028. At the end of the duration, the cumulative total reached 23.57 billion U.S. dollars.
The research document also analyzes the overall size and scope of the market by individually examining each segment and sub-segment. In addition, it also includes a detailed analysis of geographic patterns and competitive areas, including major market participants and potential entrants. Finally, it also contains some suggestions to help companies develop effective expansion strategies.
Increasing adoption of cloud-based visualization services in multiple fields, increasing demand for IoT solutions, and a surge in the number of optical data centers are driving market growth. In addition, the rising trend of using higher bandwidth devices and the growing demand for 5G infrastructure are enhancing the industry's prospects.
On the contrary, rising network complexity and higher initial investment requirements may hinder the global optical communications and network equipment market.
Detailed access to the sample page of the report "Optical Communications and Network Equipment Market 2021-2028" and Table of Contents (ToC) @
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Detailed introduction to the geographical landscape
North America, Europe, the Middle East and Africa, Asia Pacific and Latin America are considered to understand the dynamics of this business area.
Due to continuous innovation in this field, a large number of deep-water cables, and the existence of long-distance fiber optic networks in the region, the North American optical communications and network equipment industry is expected to have a compound annual growth rate of 7.72% from 2021 to 2028. The growth of the research market is mainly due to the high concentration of data centers and cloud computing in the region. In addition, the continuous development of the IT department is contributing to the growth of the US and Canadian markets. It is estimated that the region is a leader in 5G infrastructure, with wireless operators providing 5G services. In addition, the existence of major players has opened up new avenues for the optical communications and network equipment markets. In the United States, due to the expansion of optical fiber network infrastructure, there is a growing demand for higher capacity optical fiber networks for mobile and fixed telephone services. Major companies in the country include Verizon, Birch, and Frontier, which are promoting strong growth in the researched market.
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The European optical communications and network equipment market is expected to expand at a compound annual growth rate of 8.71% during the study period. This is due to continued technological innovation, strategic cooperation between industry giants for the development of optical networks, and active government initiatives. The region is expected to experience the fastest growth during the forecast period. This growth can be attributed to the continuous increase in optical equipment spending by telecom operators in the context of the surge in demand for broadband connections. In addition, the adoption of the 5G action plan by the European Commission has significantly increased the progress of the research market. Most importantly, the presence of major players such as Nokia and Ericsson may promote the expansion of the optical communications and network equipment market in the region in the next few years.
Alcatel-Lucent Corporation participates in the provision of network, communications and cloud solutions for the digital age. The company provides unified communications applications, phones and devices, platforms, security products, and network management solutions. It also provides contract inspection, customization, support and education services. Alcatel-Lucent provides services to customers in various regions and is headquartered in Paris, France.
Detailed access to the sample page of the report "European Optical Communication and Network Equipment Market 2021-2028" and Table of Contents (ToC) @
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By 2028, the optical communications and network equipment industries in the Asia-Pacific region are expected to grow at a compound annual growth rate of 6.51%. This can be attributed to more and more governments planning to develop better technologies to meet future data transmission needs. In addition, the high adoption of the Internet of Things and the availability of high-resolution video drive operators to develop higher bandwidth networks, which further promotes the development of regional markets. The region is a major hub for consumer electronics, automotive, and industrial verticals. In addition, it has become a global hub for massive investment and business expansion. Some users have upgraded their connectivity solutions from 3G technology to 4G technology, and are developing 5G infrastructure and data centers. This increases the progress of the research market in the next few years. In addition, fiber optic connections in Southeast Asia may be upgraded. Recently, the Asia-Pacific Network Operators Group signed a contract with NEC to build a high-performance submarine connecting China, Japan, South Korea and other countries. Therefore, it is estimated that all these developments will supplement the growth of the optical communications and network equipment market in the entire Asia-Pacific region.
Visit the sample page of the report, "Asia-Pacific Optical Communications and Network Equipment Market 2021-2028" and Table of Contents (ToC) @
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The Latin American optical communications and network equipment market is expected to grow at a compound annual growth rate of 5.56% during 2021-2028, which is attributed to the strategies of major players to expand their products and deploy advanced fiber-to-the-home networks in the region decision making. The region has the possibility of expanding FTTH deployment. This is mainly because governments and service providers are looking for new ways to support the growth of FTTH networks. Initially, fiber optic networks were limited to the healthcare sector and some other businesses. However, since the rise in Internet penetration, the deployment of optical fiber has increased exponentially. In addition, several international companies are transforming the optical network equipment industry, which has significantly promoted the growth of the optical communications and network equipment market.
NEC Corporation is one of the leaders in IT and network technology integration, aiming to benefit global companies and individual customers. Its advanced technology is designed to meet the complex and ever-changing needs of customers. The company's product portfolio includes electrodes, energy management systems, utility solutions, mobile phones, optical transceivers, and more. NEC has operations in various countries, including Latin American countries.
Detailed access to the sample page and table of contents (ToC) of the report "Latin America Optical Communication and Network Equipment Market 2021-2028" @
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Global optical communications and network equipment market, by component type (revenue, million dollars, 2021-2028)
Global optical communications and network equipment market, by technology type (revenue, million dollars, 2021-2028)
Global optical communications and network equipment market, by industry vertical (revenue, million dollars, 2021-2028)
Global optical communications and network equipment market, regional analysis (revenue, million dollars, 2021-2028)
Middle East and Rest of Africa
The global communications and network equipment market competition arena (revenue, million dollars, 2021-2028)
The market share and forecast of optical communication and network in 2021-2027
It is expected that by 2027, the optical communications and network markets will grow exponentially, mainly due to the surge in global demand for powerful Internet connections. Optical networks use light to transmit data at high speeds over optical cables, which are ideal for low-latency mid-mile connections over long distances. Contrary to the electric current used in traditional communication methods, optical communication requires the use of light to transmit signals to the remote end. In an optical network, an optical cable is made of a core wrapped in a glass cladding to maintain the light in the optical cable. Optical networks can realize rapid communication with remote data centers and other data sources. With the global demand for Internet connectivity, optical networks are essential to help users access servers in different regions of the world. The use of optical networks for connectivity in large data centers has played a key role in global product penetration. It is estimated that by the end of 2027, the optical communications and network markets of the energy and utility market segments will receive considerable revenue, growing at a compound annual growth rate of more than 10% during the entire analysis period. In the next few years, the widespread adoption of IoT devices in the energy sector may drive segmented demand.
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