According to the research report titled ‘GLOBAL OPTICAL COMMUNICATION AND NETWORK EQUIPMENT MARKET 2021-2028’, available with MarketStudyReport, global optical communication and network equipment market is expected to record 7.06% CAGR through 2028.
 

Growing popularity of cloud computing technologies and rapid expansion of visualization services are some of the key factors driving the growth of global optical communication and network equipment market growth. Widespread adoption of IoT technologies and increasing focus towards developing a 5G infrastructure are also fueling the overall market size.

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Despite the several growth trends, high initial investments and complexities in networks is likely to act as a bottleneck to the market expansion in the ensuing years.

The geographical analysis of global optical communication and network equipment industry involves Europe, Asia-Pacific, Latin America, North America, and Middle East & Africa.

Among these, Europe is expected to develop as a key revenue generator for the market participants in the subsequent years. Escalating expenditure towards optical equipment given the high demand for broadband connections are favoring the regional market scenario. Favorable regulatory outlook that promotes the adoption of 5G technologies is also facilitating the business outlook in Europe.

The major companies operating in global optical communication and network equipment industry are ZTE Corporation, Telefonaktiebolaget LM Ericsson, Ribbon Communications Inc., Nokia Corp., NEC Corp., Mitsubishi Electric Corp., Juniper Networks Inc., Infinera Corporation, Huawei Technologies Co. Ltd., Fujitsu Optical Components Limited, Cisco Systems Inc., Ciena Corporation, Arista Networks Inc., ALE International SAS, and ADTRAN Inc.

The research document offers granular analysis of the companies involved in this business vertical, highlighting the major development trends, innovative product launches, and strategic collaborations to ensure improved decision making among stakeholders and investors.