Coherent Optical Equipment Market Projected to Reach USD 28.60 Billion by 2031

Growing Demand for High-Speed Data Transfer and Increasing Adoption of Cloud Computing Drive Market Growth

Straits Research has published a new report titled "Coherent Optical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031." According to the report, the global Coherent Optical Equipment Market size was valued at USD 14.55 Billion in 2022 and is projected to reach from USD XX Billion in 2023 to USD 28.60 Billion by 2031, growing at a CAGR of 7.8% during the forecast period (2023–2031).

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Market Key Trends:

Growing demand for high-speed data transfer and increasing adoption of cloud computing

Rising demand for 5G networks and increasing use of IoT devices

Growing need for data center interconnects and increasing adoption of artificial intelligence and machine learning

Driving Factors:

Increasing demand for high-speed data transfer and low latency

Growing adoption of cloud computing and increasing use of IoT devices

Rising demand for 5G networks and increasing need for data center interconnects

Opportunities:

Growing demand for coherent optical equipment in emerging markets

Increasing adoption of artificial intelligence and machine learning

Rising demand for 5G networks and increasing need for data center interconnects

Coherent Optical Equipment Market Segmentation:

By Technology:

100G

200G

400G+

400G ZR

By Equipment:

Wavelength-division Multiplexer (WDM)

Modules/Chips

Test and Measurement Equipment

Optical Amplifiers

Optical Switches

Others

By Application:

Networking

Data Center

Original Equipment Manufacturer (OEM)

By End-User:

Service Provider

Public Sector

Industries

List of Key Players:

Automation Anywhere Inc.

Blue Prism Limited

HCL Technologies Limited

Hewlett Packard Enterprise Company

International Business Machines Corporation

Kofax Inc.

Microsoft Corporation

Nice Robotic Automation

Pegasystems Inc

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