seobhushan (57)

1
Optical Communication and Networking Market is
projected to reach CAGR 5 by 2027
2
Key Insights from Optical Communication and
Networking Market

• Optical communication and networking market has
  recorded commendable growth over the years
  supported by new investments made towards
  building and commercialization of
  machine-to-machine (M2M) communication networks
  over licensed spectrums.
• Companies are shifting to cloud computing
  technology to manage their data more efficiently.
  The advent of artificial intelligence (AI) and
  IoT along with faster internet communication
  solutions will drive the need for OCN equipment.
• The BFSI sector has shown considerable demand for
  optical communication and networking systems
  driven by the adoption of emerging technologies
  like IoT, AI cloud-based services,
  machine-to-machine networks, and web-driven
  applications.

3
Regional Insights in Optical Communication and
Networking Market

• In Europe, enterprise network infrastructure is
  expanding at a decent pace with an emerging need
  for reliable and high-speed internet access to
  meet the demands from various large corporations
  and a developed economy.
• Many Europe-based optical communication and
  networking companies are partnering with one
  another firms to build innovative solutions. For
  example, in October20, telecommunications
  infrastructure operator, Cellnex Telecom inked a
  partnership with Everynet- a provider of IoT
  connectivity solutions in a bid to boost the
  adoption of IoT networks. The deal helped the
  company use smart IoT systems that are based on
  LoRaWAN technology that helps provide improved
  connectivity solutions to many sectors like
  transportation, agriculture, and utilities.

4

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5
Major Companies in Optical Communication and
Networking Market

• ADTRAN, Inc.
• ADVA Optical Networking
• Arista Networks
• Broadcom Inc.
• Ciena Corporation
• Cisco Systems, Inc.

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Industry Coverage

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