Worldwide revenue from optical networking currently stands at around US$ 14 Bn. The global optical networking market is anticipated to progress at a high CAGR of 8.4% to reach a valuation of US$ 24.8 Bn by 2029.
Approximately $14 billion in revenue comes from optical networking globally today. The optical networking industry is expected to grow rapidly, with a CAGR of 8.4%, to reach a value of $24.8 billion by 2029.
| Optical Networking Market Size (2022) | US$ 14 Bn |
| Sales Forecast (2029) | US$ 24.8 Bn |
| Global Market Growth Rate (2022 to 2029) | 8.4% CAGR |
| Share of Top 5 Players | 50% |
The global optical networking market is anticipated to reach revenues of US$ 24 Bn by the end of 2029, with a strong CAGR between 2022 and 2029. According to a recent Future Market Insights (FMI) report, the introduction of fifth-generation (5G) wireless systems will be the main driver of adoption.
According to the report, Asia Pacific excluding Japan (APEJ) will continue to be a sizable market for optical network providers due to the region’s mobile network operators’ strong growth expectations for 5G technology. In order to provide front haul for Cloud-RANs (radio access networks) and backhaul for dense, fast networks, 5G will rely on fiber as an upgraded radio technology.
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Key Takeaways of Optical Networking Market Study
Increasing Demand for ROADM-based Optical Network to Propel Sales
Network providers are moving to more automated, software-driven, high scalable connections that offers new cost savings, and efficient service agility.
There is a growing demand for ROADM-based optical foundation that depends on instrumented photonics, flexible, and Layer 0 software to control and scale the connection for maximum capacity at the lowest power, space, and cost per bit. Therefore, introduction of high-speed analogue circuit is expected to drive the growth of the global optical networking market.
The COVID-19 pandemic has had a substantial impact on the optical networking market. The demand for residential, corporate, and industrial building automation systems has fallen as a result of lockdown measures and the halting of non-essential businesses.
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On the other hand, the use of software-defined networking (SDN) makes optical communication networks, which include both fiber optic and optical wireless systems, more agile, programmable, and capable of providing flexible service solutions. The market for optical networking is expected to rise as a result of these innovations. As a result, the production and supply of optical networking equipment are returning to normal.
Top market players in the worldwide optical networking industry use variety of methods such as product launches, product design, association, collaborations, and contracts. Market players are focusing on updating their optical networking technologies to achieve a market position.
For instance,
Know More About What the Optical Networking Market Repost Covers
Future Market Insights offers an unbiased analysis of the global optical networking market, providing historical data for 2014-2021 and forecast statistics from 2022-2029. To understand opportunities in the optical networking market, the market is segmented on the basis of component type, technology, service, and end user across seven major regions.
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Optical Networking Market by Technology :
Optical Networking Market by Service :
Optical Networking Market by End User :
Optical Networking Market by Region :
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
APAC Optical Networking Market , ASEAN Optical Networking Market , BRICS Optical Networking Market , Europe & Asia Pacific Optical Networking Market , Indonesia Optical Networking Market , Japan Optical Networking Market , MENA Optical Networking Market , North
Aug 30, 2022
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