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Optical Communication and Networking Equipment is anticipated to reach US$ 44.5 Billion in 2032 - Persistence Market Research
The acceleration in deployment of VOIP, LTE, and 5G networks is expected to provide lucrative opportunities for the market growth. In addition, rise in adoption of AI and IoT is anticipated to be opportunistic for the growth of the optical communication and networking equipment industry during the forecast period. Moreover, the market is expected to witness a recovery in its growth rate in the coming years, owing to the growing focus of organizations to fulfill upsurge in demand for telecommunication equipment driven by rapid acceleration in 5G deployment across the globe.
Major players such as Arista Networks, Inc., Cisco System Inc., Fujitsu Optical Components Limited, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Mitsubishi Electric Corporation, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, and ZTE Corporation, among others are expected to dominate the market share in terms of revenue.
Persistence Market Research puts forward an unbiased analysis of the global Optical Communication and Networking Equipment Market, providing historical demand data (2015-2021) and forecast statistics for the period of 2022-2032. To understand the opportunities in Optical Communication and Networking Equipment, the market is segmented on the basis of component, technology, vertical, data rate, and application across five major regions.
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