According to a new report, published by KBV research, The Global Optical Communication and Networking Equipment Market size is expected to reach $38.5 billion by 2028, rising at a market growth of 8.8% CAGR during the forecast period.
The Optical Fibers segment acquired maximum revenue share in the Global Optical Communication and Networking Equipment Market by Component in 2021, achieving a market value of $10.7 billion by 2028. Optic Fiber is the technique that sends information as light pulses via a glass or plastic fiber. These glass fibers can range in quantity from a few to several hundred in a fiber optic cable. The optic fiber segment is further divided into two sub-segments that is single-mode fibers, and multi-mode fibers.
The BFSI segment is showcasing a CAGR of 9.1% during (2022 - 2028). In order to safeguard their customers' private information, meet compliance rules for data security, enable security auditing, and prevent reputational damage from data breaches, the BFSI sector is progressively deploying optical communication and networking devices. As a result, the market for optical communication and networking equipment is growing due to the BFSI vertical.
The Up To 40 GBPS segment is generating maximum revenue share in the Global Optical Communication and Networking Equipment Market by Data Rate in 2021, achieving a market value of $21.5 billion by 2028. The element management system (EMS) needs increased reliability as the network capacity rises. The data rate of up to 40 Gbps provides reliable monitoring technology due to which the demand for them is increasing, which results in improved market growth.
The SONET/SDH segment has shown growth rate of 9.6% during (2022 - 2028). SONET and SDH are standards of existing fiber optic transport system. The main factor supporting the growth in this segment is the fact that SONET/SDH strengths transporting delay video & voice. In addition, SONET/SDH is utilized for high speed data transportation.
The Datacenter segment is leading the Global Optical Communication and Networking Equipment Market by Application in 2021, achieving a market value of $18.7 billion by 2028. OTT platforms use data centers for business purposes, and due to this demand for these platforms is rising continuously. Future growth of the data center industry is anticipated to be driven by the increase in OTT platforms (Netflix, HBO, Disney, and Amazon Prime).
The North America market dominated the Global Optical Communication and Networking Equipment Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.6 billion by 2028. The Europe market is poised to grow at a CAGR of 8.4% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 9.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/optical-communication-and-networking-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fujitsu Limited, Cisco Systems, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Juniper Networks, Inc., ZTE Corporation, ADTRAN, Inc., II-VI Incorporated, Ciena Corporation, and Infinera Corporation.
By Component
By Vertical
By Data Rate
By Technology
By Application
By Geography
Companies Profiled
Unique Offerings 
