Optical Communication and Networking Market Anticipated for Progressive CAGR by 2027

By Ronak Bora

Optical communication and networking market is expected to witness high demand supported by new advancements in technologies like artificial intelligence and IoT as well as quicker internet communication standards.
Investments in commercializing and developing machine to machine (M2M) communication networks rather than licensed spectrums will likely propel industry growth. There are growing concerns about reliable and faster internet connectivity as well as getting sensitive data throughout enterprises.
Optical communication provides instant data speeds for large-scaled datacenters and helps in upgrading telecommunication systems. It offers very low network latency as well as reliability with almost 100% uptime.
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Proliferation of mobile phones along with the migration of enterprises to cloud computing could boost the demand for optical communication and networking market. Moreover, government initiatives for quick development of smart city projects are driving the demand for optical communication and networking systems for giving uninterrupted connectivity to many IoT devices.
Several industry players are working on the development of innovative communication and networking solutions. For example, in 2020, Calix announced the launch of its new AXOS solutions which enable communications service providers to deploy a future-proof network with temperature-hardened, high density aggregation and 100G transport solutions.
While in 2021, Broadcom Inc. announced the release of its expanded portfolio consisting of 800Gb, 400Gb, 200Gb, and 100Gb electro-optics platform solutions for cloud networks and data centers.
GMI, Inc., estimates that the optical communication and networking market is expected to register over USD 30 billion by 2027.
Let’s take a look at some of the top trends driving the adoption of optical communication and networking:
The optical fiber component category is likely to record a CAGR of more than 5% over the forecast period owing to the rising number of internet users and the need for FTTx. Optical fibers decrease the loss of transmission with low latency and reduced data collision, hence raising the usage in data centers in order to manage massive data loads.
The fiber channel technology section is expected to garner a share above 10% on account of growing adoption in large enterprises for secure remote connections and efficient data storage by allowing hardware-managed error detection for decreased network overhead. The surging demand for cloud data centers is also escalating the demand for fiber channels.
The Europe optical communication and networking market is likely to register more than USD 9 billion during the forecast timeframe given to the industry-wide demand for reliable internet access and the rise of enterprise network infrastructure. Industry players in the region are working on partnerships for developing innovative solutions.
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The BFSI sector is witnessing surging penetration of new technologies such as machine-to-machine networks, cloud-based services, IoT, AI, along with a rise in web-based applications. There is an increasing focus on providing a digital service experience having value addition which could support the usage of optical communication and networking solutions in the sector.
Table of Contents (ToC) of the report:
Chapter 1   Methodology & Scope
1.1    Scope and definition
1.1.1    Methodology & forecast parameters
1.2    COVID-19 impact
1.2.1    North America
1.2.2    Europe
1.2.3    Asia Pacific
1.2.4    Latin America
1.2.5    MEA
1.3    Regional trends
1.3.1    North America
1.3.2    Europe
1.3.3    Asia Pacific
1.3.4    Latin America
1.3.5    MEA
1.4    Data Sources
1.4.1    Secondary
1.4.1.1    Paid sources
1.4.1.2    Public sources
1.4.2    Primary
Chapter 2   Executive Summary
2.1    Optical communication and networking market 360º synopsis, 2016 - 2027
2.2    Business trends
2.3    Regional trends
2.4    Component trends
2.5    Technology trends
2.6    Application trends
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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