Global Optical Interconnect Market Analysis 2020-2025 - Surge in Global Adoption of Cloud Computing, Big Data Analytics and IoT
DUBLIN, June 15, 2020 /PRNewswire/ -- The "Optical Interconnect Market by Product Category (Cable Assemblies, Connectors, Optical Transceivers), Interconnect Level, Fiber Mode, Data Rate, Distance, Application (Data Communication, Telecommunication), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
Key factors fueling the growth of this market include the rise in the global deployment of data centers and a surge in the global adoption of cloud computing, big data analytics, and IoT. However, high deployment costs of optical interconnects are expected to hinder the growth of the market.
The optical interconnect market in APAC is projected to grow at the highest CAGR from 2020 to 2025. The growth of the market in this region can be attributed to the increased adoption of advanced technologies such as AI, IoT, and big data in the region that have led to a rise in the deployment of data centers in APAC. Major data center companies such as Amazon (US), Facebook (US), Alibaba (China), and Baidu (China) have already established their data centers in the region, thereby driving the growth of the optical interconnect market in APAC. The growth of the market in APAC can also be attributed to the increased demand for high bandwidth networks for broadband and mobile connectivity in China and India. Moreover, initiatives to roll out 5G network services across 50 cities in China are also fueling the growth of the market in APAC.
The report is expected to help market leaders/new entrants in this market in the following ways:
Key Topics Covered:
13 Geographic Analysis
For more information about this report visit https://www.researchandmarkets.com/r/qgb1fg
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