Optical Communication and Networking Equipment Market Size to Reach USD 34.47 Billion by 2028 | Emergence of AI-Based Systems and Increasing Adoption of Network Connected Devices are Some Key Factors Driving Industry Demand, says Emergen Research
VANCOUVER, BC, Nov. 22, 2021 /PRNewswire/ -- The global optical communication and networking equipment market size is projected to reach USD 34.47 Billion in 2028 and register a steady revenue CAGR of 8.4%, over the forecast period according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing development of technology such as Voice over Internet Protocol (VoIP), Long-Term Evolution (LTE), and 5G network for increasing the efficiency of high-speed networks in the communications industry.
Increasing development of electronic and semiconductor devices and enhancement of emerging technologies such as AI, cloud computing, and optical fiber network to improve transmitting and receiving network efficiency has been boosting deployment of optical communication and networking equipment.
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Emergen Research has segmented global optical communication and networking equipment market on the basis of component, technology, application, end-use, and region:
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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