VANCOUVER, BC, Nov. 22, 2021
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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