"Optical Interconnect Market by Product Category (Cable Assemblies, Connectors, Optical Transceivers), Interconnect Level, Fiber Mode, Data Rate, Distance, Application (Data Communication, Telecommunication), Region - Global Forecast to 2025" is projected to grow from USD 9.0 billion in 2020 to USD 17.1 billion by 2025; it is expected to grow at a CAGR of 13.7% from 2020 to 2025.
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Key factors fueling the growth of this market include the rise in the global deployment of datacenters and the surge in the global adoption of cloud computing, big data analytics, and IoT.
North America is projected to account for the largest share of the optical interconnect market in 2025. The growth of this segment of the market can be attributed to the initiatives undertaken by telecommunication companies such as AT&T (US) and T-Mobile (Germany) to start 5G services in the US. These companies are focusing on the development of 5G network infrastructures in the US to start the country-wide 5G services by the end of 2020. This, in turn, is expected to drive the market growth in North America during the forecast period. Moreover, the presence of some of the key datacenter companies such as Google (US), Amazon (US), Microsoft (US), and Apple (US) in the region has also contributed significantly to the growth of the optical interconnect market in North America.
Key players in the optical interconnect market include companies operating at different stages of the value chain. II-VI Incorporated (US); Lumentum Operations LLC (US); Molex, LLC (US); InnoLight Technology (Suzhou) Ltd. (China); NVIDIA Corporation (US); Fujitsu Ltd. (Japan); Sumitomo Electric Industries, Ltd. (Japan); Broadcom Inc. (US); TE Connectivity (Switzerland); Amphenol Corporation (US); Accelink Technology Co. Ltd. (China); Juniper Networks, Inc. (US); Infinera Corporation (US); Acacia Communications, Inc. (US); NeoPhotonics Corporation (US); Optoscribe Ltd. (UK); Smiths Interconnect (UK); Cailabs (France); Fiberplex Technologies, LLC (US); and Cleerline Technology Group (US) are the leading players operating in this market.
These companies focus on adopting both organic and inorganic growth strategies, such as new product launches and developments, acquisitions, collaborations, contracts, and expansions, for strengthening their position in the market.
https://www.prnewswire.com/news-releases/optical-interconnect-market-worth-17-1-billion-by-2025--exclusive-report-by-marketsandmarkets-301066833.html "Optical Interconnect Market by Product Category (Cable Assemblies, Connectors, Optical Transceivers), Interconnect Level, Fiber Mode, Data Rate, Distance, Application (Data Communication, Telecommunication), Region - Global Forecast to 2025" is projected to grow from USD 9.0 billion in 2020 to USD 17.1 billion by 2025; it is expected to grow at a CAGR of 13.7% from 2020 to 2025.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89222473
Key factors fueling the growth of this market include the rise in the global deployment of datacenters and the surge in the global adoption of cloud computing, big data analytics, and IoT.
North America is projected to account for the largest share of the optical interconnect market in 2025. The growth of this segment of the market can be attributed to the initiatives undertaken by telecommunication companies such as AT&T (US) and T-Mobile (Germany) to start 5G services in the US. These companies are focusing on the development of 5G network infrastructures in the US to start the country-wide 5G services by the end of 2020. This, in turn, is expected to drive the market growth in North America during the forecast period. Moreover, the presence of some of the key datacenter companies such as Google (US), Amazon (US), Microsoft (US), and Apple (US) in the region has also contributed significantly to the growth of the optical interconnect market in North America.
Key players in the optical interconnect market include companies operating at different stages of the value chain. II-VI Incorporated (US); Lumentum Operations LLC (US); Molex, LLC (US); InnoLight Technology (Suzhou) Ltd. (China); NVIDIA Corporation (US); Fujitsu Ltd. (Japan); Sumitomo Electric Industries, Ltd. (Japan); Broadcom Inc. (US); TE Connectivity (Switzerland); Amphenol Corporation (US); Accelink Technology Co. Ltd. (China); Juniper Networks, Inc. (US); Infinera Corporation (US); Acacia Communications, Inc. (US); NeoPhotonics Corporation (US); Optoscribe Ltd. (UK); Smiths Interconnect (UK); Cailabs (France); Fiberplex Technologies, LLC (US); and Cleerline Technology Group (US) are the leading players operating in this market.
These companies focus on adopting both organic and inorganic growth strategies, such as new product launches and developments, acquisitions, collaborations, contracts, and expansions, for strengthening their position in the market.
https://www.prnewswire.com/news-releases/optical-interconnect-market-worth-17-1-billion-by-2025--exclusive-report-by-marketsandmarkets-301066833.html