Demand for Internet is Expected to Increase


LONDON, Sept. 28, 2022 (GLOBE NEWSWIRE) — According to a research report by The Business Research Company on the optical communication and networking market, increasing demand for internet is expected to drive the growth of the optical communication and networking market going forward. Due to the growth of digital media and the shift from home to work environments, the demand for the Internet is increasing. Optical communications and networking technologies play an increasingly important role in interconnecting a wide variety of IT resources over globally distributed autonomous network systems to facilitate cost-effective data exchange and processing. For example, according to a report released by the International Telecommunication Union, a digital technology provider based in Switzerland, a total of 4.9 billion people worldwide will use the Internet in 2021, which is equivalent to 63% of the world’s population. This is an increase of about 17% compared to 2019. Therefore, increasing demand for internet is driving the growth of the optical communication and networking market.

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The size of the global optical communication and networking market is expected to increase $20.32 billion in 2021 and $22.19 billion in 2022 with a compound annual growth rate (CAGR) of 9.2%. The global optical communication and networking market share is expected to reach $27.41 billion in 2026 a CAGR of 5.4%.

Technological advancements are a major trend gaining popularity in the optical communication and networking market. Major companies operating in the optical communication and networking sectors focus on the development of new technologies to maintain their position in the market. For example, in March 2022 ADVA, a German-based telecommunications equipment company, launched a new BiDi connectable device called MicroMux, which helps support single-fiber operations and deliver an improved signal range of up to 40 km. MicroMux works on the ideal technology of Edge BiDi (Bidirectional), which enhances 10GbE (Gigabit Ethernet) optical interfaces. It helps in connection placements in wireless and wired access networks. This helps increase bandwidth.

Key players in the optical communication and networking market are Fujitsu Optical Components, Nokia, Cisco, Finisar, Huawei, Ciena, Ericsson, Juniper, Sumitomo Electric, Infinera, Adtran, Adva, Telefonaktiebolaget LM Ericsson, Broadcom, Coriant, ECI Telecom Ltd., Oclaro Inc. , Padtec S/A, Sumitomo Corporation, Neophotonics Corporation, Ribbon Communications Inc. and FiberHome.

Global optical communication and networking market by component Optical Fiber, Optical Transceiver, Optical Switch, Optical Amplifier, Optical Circulator, Others; By Technology Wavelength Division Multiplexing (WDM), Synchronous Optical Network (SONET), Fiber Channel; By End User to Telecommunications, Broadcasting, Commercial, Public Enterprises, Defence, Information Technology and Others.

Asia-Pacific was the largest district in optical communications and networks in 2021. Europe is expected to be the fastest growing region in the global optical communication and networking market during the forecast period. The regions covered in the global optical communication and networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Optical Communications and Networking Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides optical communications and networking market insights, optical communications and networking market analysis and forecast. market size and growth for the entire market, optical communication and networking market segments and geographies, optical communication and networking market trends, optical communication and networking market drivers, optical communication and networking market restraints, optical communication and networking market leading competitors revenue, profiles and 2500 Market shares in over 1,000 industry reports covering over 60 market segments and geographies.

The report also provides an in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 data sets, extensive secondary research and exclusive insights from interviews with industry leaders. A team of experienced and expert analysts and modelers provide market analysis and forecasts. The reports identify the best countries and segments for opportunities and strategies based on market trends and approaches of leading competitors.

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