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.
Browse the full report description of “Optical Communication and Networking Equipment Market Size, Share & Trends Analysis Report by Technology (WDM (Wavelength Division Multiplexing), Fiber Channel, and SONET (Synchronous Optical Network)), and by Vertical (BFSI, Government, Healthcare, Military and Defense, IT & Telecom, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/optical-communication-and-networking-equipment-market
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.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Component
o By Technology
o By Application
o By Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including ADVA Optical Networking SE, Arista Networks, Inc., Broadcom Inc., Calix, Inc., Ciena Corp., Cisco Systems, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Optical Communication and Networking Equipment Market Report Segment
By Component
By Technology
By Application
By Vertical
Global Optical Communication and Networking Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy https://www.omrglobal.com/request-sample/optical-communication-and-networking-equipment-market