The North American optical interconnect market is projected to grow at a significant CAGR of around 11.5% during the forecast period (2021-2027). The market is mainly driven due to rising data centre deployment in the US and Canada. With the growing number of large, small and medium enterprises across the US and Canada, an increasing concern of the management of large enterprise data has been reported over the years. As a result, the enterprise hires data center service providers for the optimal management of their big data with more security and flexibility. This is primarily encouraging the demand for data center deployment in the region that further propels the adoption of optical interconnect in the region.
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Moreover. Government regulations related to cybersecurity further fuelling the demand for optical interconnect services in the region. The government of Canada proposed a report entitled Fundamentals of Cyber Security for Canada’s Critical Infrastructure Community, in 2016. It endorsed the National Institute of Standards and Technology’s (NIST) framework for cyber security and put forward a strategy to implement an all-hazards risk management approach and share and protect information. The federal budget, Economic Action Plan 2015, brought two major cyber security announcements. Their funding included about 58 million over the next five years in new funding to further protect the Government of Canada’s essential cyber systems and critical infrastructure against cyber-attacks.
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How will COVID-19 impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
o Recommendations
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Optical Interconnect Market – Segmentation
By Product Type
- Connectors
- Cable Assemblies
- Optical Transceivers
- Silicon Photonics
- Other( Optical Engines)
By Application
- Data Communication
- Telecommunication
North American Optical Interconnect Market – Segmentation by Region
- United States
- Canada
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
