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Optical Communication and Networking Market Worth 24.12 Billion USD by 2023
Friday, October 13, 2017

PUNE, India, October 13, 2017 /PRNewswire/ --

According to the new research report "Optical Communication and Networking Market by Component (Fiber, Transceiver, Amplifier, Switch, Splitter, Circulator), Technology (WDM, SONET, and Fiber Channel), Application (Telecom, Data Center, and Enterprise) and Geography - Global Forecast to 2023", published by MarketsandMarkets(TM), the market is expected to grow from USD 15.11 billion in 2017 to USD 24.12 billion by 2023, at a CAGR of 8.1% between 2017 and 2023. The growth of this market is driven by the growing data center deployments, and increasing internet penetration and data traffic.

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Browse 65 Market Data Tables and 50 Figures spread through 165 Pages and in-depth TOC on "Optical Communication and Networking Market - Global Forecast to 2023"  http://www.marketsandmarkets.com/Market-Reports/Optical-networking-communications-market-227693036.html

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Optical communication and networking market for optical transceivers to grow at the highest CAGR during forecast period 

The optical communication and networking market for optical transceivers is expected to grow at the highest CAGR during the forecast period owing to the introduction and adoption of new applications such as wearable devices, IoT, and cloud computing to address the evolving consumer needs. The increasing internet penetration and growing data traffic lead to the rapid growth of data centers along with the need for high-speed transmission networks. Optical transceivers are used to upgrade telecommunications networks and launch very large mega data centers.

Optical communication and networking market for the data center application to grow at the highest CAGR during forecast period  

This market for the data center application is expected to grow at the highest CAGR between 2017 and 2023 owing to the mainstream adoption of cloud computing and the growing use of the Internet by smartphones and other connected devices. There is a rapid increase in internet traffic going through mega data centers. Mega data centers are operated primarily by leading companies, such as Amazon (US), Apple (US), Facebook (US), Google (US) , and Microsoft (US). They have steadily increasing investments in very large data centers as they implement cloud-based Big Data services that can be crowd-sourced and crowd-distributed and that use machine-to-machine and inter-datacenter transactions to power the mobile web.

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The Americas to hold the largest share of the optical communication and networking market during the forecast period  

The Americas held the largest share of the market in 2016 and is expected to dominate the market with the largest share between 2017 and 2023. The Americas has emerged as a major data center and cloud computing hub, which has ultimately made it the largest consumer of optical communication and networking since data center is the leading application for this market.

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The major players in the optical communication and networking market are Huawei Technologies Co. (China), Nokia (Finland), Cisco (US), Ciena (US), ADTRAN (US), ZTE (China) , Broadcom (US), Finisar (US), Fujitsu Optical Components (Japan), Infinera (US), ADVA Optical Networking (Germany), NEC (Japan), Juniper Networks (US), Ericsson (Sweden), Corning (US), and Coriant (US). The key innovators in the market are Lumentum Operations (US), Calix (US), Oclaro (US), Arista Networks (US), NeoPhotonics (US), Mitsubishi Electric (Japan), and ECI Telecom (Israel).

Browse Related Reports 

Data Center Interconnect Market by Type (Product, Software, Services), Application (Real-Time Disaster Recovery and Business Continuity, Workload (VM) and Data (Storage) Mobility), End User, and Geography - Global Forecast to 2023 http://www.marketsandmarkets.com/Market-Reports/data-center-interconnect-market-40733195.h tml [http://www.marketsandmarkets.com/Market-Reports/data-center-interconnect-market-40733195.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

Optical Transceiver Market by Form Factor (SFF, SFP, QSFP, CFP, XFP, and CXP), Data Rate (1G, 10G, 40G, and 100G), Distance, Wavelength (850nm, 1310nm, and 1550nm), Application (Telecom, Data Center, and Enterprise), & Geography - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/optical-transceiver-market-161339599.html [http://www.marketsandmarkets.com/Market-Reports/optical-transceiver-market-161339599.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR ]

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About MarketsandMarkets(TM)  

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

        

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SOURCE MarketsandMarkets



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