Optical Interconnect Market to Record Growth of USD 9.66 Billion with Adoption of Cloud Database

NEW YORK, August 26, 2022 /PRNewswire/ — The “Optical interconnect market The Forecast and Analysis 2022-2026 report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proud to partner with over 100 Fortune 500 companies for over 16 years.

The difference in potential growth for the optical interconnect market between 2021 and 2026 is $9.66 billion, according to Technavio’s latest market analysis report. The report predicts that the market will witness a deceleration in growth momentum at a CAGR of 13.67%. Technavio classifies the global optical interconnect market as part of the global market technology hardware, storage and peripherals market. Our report provides detailed insights on the value chain analysis for Optical Interconnect market which vendors can leverage to gain a competitive edge during the forecast period. The data available in our value chain analytics segment can help vendors reduce costs and improve customer services over the forecast period.

For more information on scope and value chain analysis, Read a FREE sample report

Key Market Dynamics:

• Market engine: The adoption of cloud databases is one of the major growth factors in the global optical interconnect industry. Business enterprises need very high storage capacity and need to access information and data from anywhere. Many companies use cloud-based storage services such as AWS, Amazon Cloud Drive, Bit Torrent Sync, Box, Cubby, Dropbox, and Google Drive. Cloud-based services such as PaaS and SaaS have created a huge demand for fiber optic interconnects. As global enterprise spending on cloud storage increases, it will also drive the demand for fiber optic interconnect for cloud-based applications over the forecast years.

• Market challenge: One of the major challenges to the growth of the global optical interconnect industry is the high cost of optical interconnects. The average selling price of an interconnection varies between $100 at $600 based on number of applications, case weight, bandwidth, available split ratios, custom wavelength, coupling ratio, sample rate and multiple channels. The interconnection’s high ASP may limit its demand in the forecast years.

Request a FREE sample PDF now for more key market dynamics and their impact analysis

Key insights into market segmentation:

This report covers in detail the optical interconnects market segmentation by fiber type (single mode fiber and multimode fiber), connectivity (rack level, long distance level and chip and board level), product type (optical transceivers, connectors, cable assemblies and others) and geographic (APAC, North America, Europe, South Americaand Middle East and Africa).

Information on revenue-generating segments: The growth in the optical interconnect market share by the single mode optical fiber segment will be significant during the forecast period. The growth can be attributed to specialized applications such as lighting, imaging, medical cases and telemetry. Additionally, short haul data centers used by government agencies and enterprises use single mode fiber optic interconnects.

Regional Opportunities: 63% of the market growth will come from APAC during the forecast period. China, South Koreaand Japan are the main optical interconnect markets in APAC. The growth of the market in this region will be faster than the growth of the market in North America, Europeand MEA. Increased interest from Indian and Chinese governments in deploying fiber optic for communications, growing number of telecom subscribers in APAC region and growing demand for data centers will facilitate the growth of the optical interconnect market in the APAC region during the forecast period.

Download sample PDF report for revenue by segment and regional opportunities

Some companies mentioned with their offers

Related reports:

Optical Pulse Sensor Market by application and geography – forecast and analysis 2020-2024: The pulse optical sensor market has the potential to grow by USD 1.36 billion during the period 2020-2024.

Optical Switch Market by Application and Geography – Forecast and Analysis 2021-2025: The market share of optical switches is expected to increase by $4.57 billion from 2020 to 2025, and the growth momentum of the market will accelerate at a CAGR of 11.74%.

Optical Modulator Market by Application and Geography – Forecast and Analysis 2021-2025: The optical modulators market size has the potential to grow by USD 58.07 billion during the period 2021-2025, and the growth momentum of the market will accelerate at a CAGR of 8.33%.

Passive Optical LAN Market by component and geography – Forecast and analysis 2022-2026: The passive optical LAN market share is expected to increase by USD 21.85 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 17.10%.

Main topics covered:

• Summary

• Market landscape

• Market sizing

• Five forces analysis

• Market segmentation by fiber type

• Market segmentation by connectivity

• Market segmentation by product type

• Customer landscape

• Geographic landscape

• Supplier Landscape

• Vendor analysis

• Annex

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail:[email protected]
Website: www.technavio.com/

Show original content to download multimedia:https://www.prnewswire.com/news-releases/optical-interconnect-market-to-record-usd-9-66-billion-growth-due-to-adoption-of-cloud-database—17- 000-technavio-research-reports-301611708.html

SOURCETechnavio