The global optical communication and networking equipment market is anticipated to grow at a CAGR of 8.5% during the forecast period. The rising adoption of cloud-based and virtualization services across the globe increases the demand of high-speed computing for fast and smooth work in the industry. To cater to the demand of the industry key players are launching products for hifg-speed computing. For instance, in May 2022, Cognifiber, launched a glass-based photonic chip that could significantly boost computing capabilities while enabling smaller edge devices. Memory read and write is not required during computation which results in accelerating the computation significantly. Additionally, the chip relies on off-the-shelf fiber optics and optical communication devices, which significantly increases its reliability and extends its life span, reducing the mean time between failures (MTBF). The fiber optic components contained in Cognifiber’s glass-based chip are easily integrated with existing optical systems and work with standard amplitude encoding sources of varying wavelengths it can deliver 100x speed while consuming a fraction of the energy, which is in demand by various verticals.
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Moreover, in February 2022, Cognifiber raised a $6 million Series A round of funding to enable computing at the speed of light. The company is replacing computer chips with fiber-optic cables for high-speed computing. Fiber-based processing radically cuts the cost of computing, which demands 1% of the world’s electricity to operate and cool servers. This results in driving the optical communication and networking equipment market.
Global Optical Communication and Networking Equipment Market Report Segment
By Component
- Fiber
- Transceiver
- Switch
By Technology
- WDM (Wavelength Division Multiplexing)
- Fiber Channel
- SONET (Synchronous Optical Network)
By Application
- Telecom
- Data Center
- Enterprise
By Vertical
- BFSI
- Government
- Cloud
- Healthcare
- Energy & Utilities
- Others (IT & Telecom)
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Optical Communication and Networking Equipment Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ADTRAN Inc.
- ADVA Optical Networking SE
- Arista Networks, Inc.
- Broadcom Inc.
- Calix, Inc.
- Ciena Corp.
- Cisco Systems, Inc.
- Coherent Corp.
- Corning Inc.
- Fujitsu Ltd.
- Huawei Technologies Co., Ltd.
- Infinera Corp.
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