May 05, 2022 08:45 ET | Source: FACT.MR FACT.MR
United States, Rockville, MD, May 05, 2022 (GLOBE NEWSWIRE) -- The global optical interconnect market is expected to reach US$ 37.6 Billion by the end of the 2022-2032 forecast period, growing at a CAGR of 12.5%, concludes a recently published report by Fact.MR. As of 2022, the market is poised to reach US$ 11.6 Billion, yielding a dollar opportunity worth US$ 26.0 Billion throughout the forthcoming decade. Advancements in information technology have pushed sales to new heights.
Demand expanded significantly from 2015 to 2021, registering a growth rate of 13.8% to be valued at US$ 10.2 Billion. Due to the rapid growth of the information technology (IT) sector along with the introduction of big data analytics and Internet of Things (IoT), the demand for high data transmission and bandwidth communication increases demand for optical interconnect significantly.
The growth of the market is anticipated to the increasing deployment of data centre across the globe. Most companies and government rely on data centres to deliver a business value greater than their cost. Increasing technological advances in machine learning also growing adoption of cloud services, artificial intelligence and deep learning will positively affect the growth of the optical interconnect market.
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Increasing data traffic also show rise in demand of optic interconnect market. Cloud computing and data analytics have increased investments on large data centers which would possibly contribute to the increment in adoption of the optical interconnection. These trends are likely to provide traction to the optical interconnect market.
Key Takeaways from the Market Study
“Growing adoption of AI, machine learning, and IoT globally in IT sector, and increasing demand for internet services across the domestic, commercial and industrial sectors stimulating demand for optical interconnect market,” remarks an analyst at Fact.MR.
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Prominent manufacturers of optical Interconnect market are eyeing technological innovations in order to provide the most accurate and precise system arrangements to their customers. As the threat of technology looms large over the world, companies are forging collaborative agreements with government entities to enhance their presence across major geographies. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market.
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Key Segments Covered in the Optical Interconnect Market Study
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Fact.MR, in its new offering, presents an unbiased analysis of the global optical interconnect market, presenting historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Category (Cable Assemblies, Connectors, Optical Transceivers, Free Space Optics, Fiber, and Waveguides, Silicon Photonics, PIC-based Interconnects, Optical Engines), by Interconnect Level (Metro and Long-haul Optical Interconnect, Board-to-Board and Rack-level Optical Interconnect, Chip- and Board-level Optical Interconnect)by Fiber Mode(Single mode fiber, Multimode fiber)by Date rate(Less than 10 Gbps, 10 Gbps to 40 Gbps, 41 Gbps to 100 Gbps, More than 100 Gbps) by Distance(Less than 1 km, 1 km to 10 km, 11 km to 100 km, More than 100 km) across five major regions (North America, , Europe , Asia Pacific, Middle East & Africa and Latin America).
Fact.MR’s Domain Knowledge in Technology
Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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