Global Optical Communication and Network Equipment Market

1
The Global Optical Communication and Network
Equipment Market to Progress at CAGR of 7.06 by
2028
Triton Market Research presents the Global
Optical Communication and Network Equipment
Market segmented by Technology (WDM, Fiber
Channel, SONET), Industry Verticals (Military
Defense, Oil Gas, IT Telecom, Medical
Healthcare, BFSI), Components (Switch, Optical
Fiber, Transceiver, Other Components), and by
Geography (North America, Asia-Pacific, Europe,
Latin America, Middle East and Africa). The
report further discusses the Market Summary,
Industry Outlook, Impact of COVID-19, Key
Insights, Porters Five Forces Analysis, Market
Attractiveness Index, Vendor Scorecard, Key
Impact Analysis, Key Market Strategies, Drivers,
Challenges, Opportunities, Competitive Landscape,
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028). Based on Triton
Market Research, the global optical communication
and network equipment market is likely to
progress at a CAGR of 7.06 during the forecast
years 2021-2028.
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2
Optical communication and network refer to a
network type in which light carries a signal to
the remote end instead of an electrical
current. In recent years, business operations
have evolved significantly due to the adoption of
new technologies, such as AI and IoT. When
combined, AI and IoT ensure higher benefits for
the companies and individuals, increasing their
demand. Hence, the growth in demand for IoT
creates several opportunities for the optical
communication and network equipment market
globally. However, high initial investments and
growing complexities in the network hamper the
overall development of the studied
market. Globally, Europe is anticipated to
witness the fastest growth in the optical
communication and network equipment market. This
growth can be attributed to the surge in spending
by telecommunication carriers on optical
equipment due to the rise in broadband connection
demand. Additionally, the adaptation of a 5G
action plan by the European Commission is another
factor that supports the growth of the studied
market. Along with this, the presence of
prominent market players such as Nokia
Corporation and Alcatel Lucent Enterprise propels
the optical communication and network market on a
progressive path in Europe. The eminent companies
in the optical communication and network
equipment market consist of ZTE Corporation,
Fujitsu Optical Components Limited, Alcatel
Lucent Enterprise, Infinera Corporation, Juniper
Networks Inc, Ciena Corporation, Arista Networks
Inc, Nokia Corporation, Mitsubishi Electric
Corporation, NEC Corporation, Cisco Systems Inc,
Ribbon Communications Inc, Huawei Technology Co
Ltd, Ericsson, and Adtran Inc. Providers of
optical communication and network equipment need
to comply with multiple regulations. Besides,
several countries are creating regulatory
frameworks to ensure the deployment of optical
network equipment. This indicates the threat of
new market players to be relatively high. On the
other hand, a marketing campaign associated with
optical network equipment must be collected,
integrated, and analyzed properly. Data
traceability and protection are necessary to
develop trust among consumers. As a result,
consumers go for established brands to protect
their data, increasing competition among existing
players.
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