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Optical Network Hardware Market to Grow by USD 6.78 Billion from 2024-2028, Driven by Rising Mobile Data Traffic, AI Powered Report Reveals – Technavio

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NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global optical network hardware market size is estimated to grow by USD 6.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.73% during the forecast period. Growing mobile data traffic is driving market growth, with a trend towards emerging new age technologies and their requirements scaling business opportunities for optical network hardware market. However, limited spectral efficiency in optical fiber network poses a challenge. Key market players include Adtran Holdings Inc., ADVA Optical Networking SE, ALE International, Ciena Corp., Cisco Systems Inc., E.C.I. NETWORKS INC., Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., II VI Inc., Infinera Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., Padtec Holding S.A., TE Connectivity Ltd., Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Optical Network Hardware Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.73%

Market growth 2024-2028

USD 6788.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.02

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 35%

Key countries

US, China, Germany, India, and UK

Key companies profiled

Adtran Holdings Inc., ADVA Optical Networking SE, ALE International, Ciena Corp., Cisco Systems Inc., E.C.I. NETWORKS INC., Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., II VI Inc., Infinera Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., Padtec Holding S.A., TE Connectivity Ltd., Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp.

Market Driver

The increasing data volume from data-centric applications is driving the demand for optical network hardware due to the growing network traffic. The Internet of Things (IoT) and sensor networks are also significant contributors to this market’s growth. The IoT’s success relies on providing optimal services to users, which requires high-speed connectivity. A fiber network is essential for this, making optical network hardware a crucial component of the IoT. Optical network hardware enables high-speed data sharing and cost-effective scaling for Internet infrastructure to manage growing network traffic. The IoT integrates technologies like hardware design, data communication, and data storage and mining, making extensive use of optical network hardware. Consequently, the optical network hardware market is poised to experience revenue growth due to the IoT’s increasing adoption. 

The Optical Network Hardware market is experiencing significant growth due to the increasing demand for high bandwidth communication technology. This trend is driven by the proliferation of LEDs and Lasers in optical amplifiers, enabling high-speed data transmission through fiber optical cables. The cloud and colocation operators are leading the way, requiring advanced hardware like packet switches and high-speed servers to support virtualized offerings. The rise of mobile services and connected devices, including smartphones and computers, is fueling the need for broadband infrastructure applications, such as fiber-to-the-home (FTTH) and broadband infrastructure. Telehealth and virtual healthcare are also key areas of focus, with the need for reliable, high-speed connections for streaming content and video conferences. Rural communities are benefiting from the expansion of optical networks, with spectrum ranges being allocated to provide access to high-speed internet. Fiber management and skilled personnel, including hardware engineers, are essential to ensure the physical infrastructure can support the growing demand for 100 Gbps data rates and full duplex transmission. Wavelength-division multiplexing (WDM) and multiplexing technologies are crucial for maximizing bandwidth and efficiency in optical networks. 

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 Market Challenges

The global optical network hardware market growth is currently challenged by the limited spectral efficiency in optical fiber networks. This issue restricts industry players from maximizing data transmission capacity and meeting the increasing demands for high-speed connectivity, particularly in critical sectors like long-haul telecommunications. Coherent optical communication technologies, featuring advanced modulation formats and signal processing techniques, have emerged as a significant solution. By enabling the simultaneous transmission and reception of multiple signals over a single optical fiber, coherent systems have significantly increased spectral efficiency, enhancing network capacity. Optical amplification solutions, such as Raman amplification and erbium-doped fiber amplifiers (EDFAs), have also played a vital role in mitigating spectral efficiency limitations. These amplification technologies extend transmission system reach and capacity, facilitating high-quality signal transmission over extended distances without significant degradation, thereby optimizing spectral usage. However, these factors may hinder the growth of the global optical network hardware market during the forecast period.The Optical Network Hardware market is experiencing significant growth due to increasing demand for high-speed internet connectivity in various industries. Fibre optic communication is at the heart of this trend, with its ability to provide bandwidth capabilities for digital content consumption and real-time data collection. However, challenges such as network security breaches and low latency requirements pose significant hurdles. Bandwidth requirements are escalating due to internet traffic, video streaming, and edge computing. Long-haul networks, data centres, and enterprise communication in sectors like financial services, healthcare, and telecommunications are driving the need for optical transceivers, multiplexers, amplifiers, and other optical networking components. 5G wireless networks and smart cities are also fueling the market’s growth. The adoption of packet-based networks, automation, network control, and virtualizing network services is essential to meet the demands of high-performance connectivity. Distributed networking architectures and data processing are further key trends. Overall, the Optical Network Hardware market is poised for continued expansion, addressing the needs of urban infrastructure, real-time monitoring, and high-speed internet connectivity.

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Segment Overview 

This optical network hardware market report extensively covers market segmentation by

Type 1.1 Broadband infrastructure1.2 Fiber optic network1.3 Datacenter1.4 Smart citiesApplication 2.1 WDM2.2 SONET/SDHGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Broadband infrastructure- The Optical Network Hardware market is experiencing significant growth due to increasing demand for high-speed data transmission. Key players include Cisco Systems, Huawei Technologies, and Juniper Networks. Fiber optic cables and related components are the primary focus of this market. Network operators are investing in advanced technologies like Dense Wavelength Division Multiplexing (DWDM) and Coherent Optical Systems to enhance network capacity and efficiency. The market is expected to continue expanding, driven by the rising need for faster and more reliable data transfer.

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Research Analysis

The Optical Network Hardware market is a dynamic and evolving sector of communication technology that leverages light as a carrier to transmit data. Key components include LEDs and lasers for signaling, optical amplifiers for boosting signals, and fiber optical cables for transmission. High bandwidth services, such as cloud and colocation, are driving demand for this technology. Packet switches, virtual devices, mobile devices, Wi-Fi, IoT technology, and 5G networks also rely on optical network infrastructure for reliable data transmission. Wavelength-division multiplexing and fibre optic communication enable high-speed, low-latency data transmission for data-intensive applications like cloud computing and data centers. Optical network hardware offers the bandwidth capabilities necessary for the next generation of communication technology.

Market Research Overview

The Optical Network Hardware Market is a dynamic and evolving sector of communication technology that leverages light-based signals transmitted through optical fibers for high-speed data transmission. Key components include LEDs and lasers for signal generation, optical amplifiers for signal boosting, and fiber optical cables for transmission. High bandwidth services such as cloud, colocation operators, and data centers require reliable and high-speed optical network infrastructure. Physical infrastructure like high-speed switches, servers, and virtualized offerings support the delivery of high-bandwidth internet to smartphones, computers, and other connected devices. The market also caters to emerging applications like Fiber-to-the-Home (FTTH), broadband infrastructure, telehealth, virtual healthcare, streaming content, video conferences, and rural communities. Optical network hardware supports various spectrum ranges and offers features like fiber management, skilled personnel, and hardware engineers. Technologies like wavelength-division multiplexing (WDM), full duplex transmission, and OEO conversion enable high-speed, reliable data transmission for data-intensive applications and 5G networks. Optical transceivers, multiplexers, and amplifiers are crucial components for long-haul networks and fiber optic networks. The market is driven by the increasing demand for high-speed internet, digital content consumption, and data-intensive applications. However, network security breaches and the need for low latency and edge computing are also significant challenges. The market is expected to grow significantly due to the proliferation of IoT technology, big data analytics, and software control in various industries like financial services, healthcare, and enterprise communication.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBroadband InfrastructureFiber Optic NetworkDatacenterSmart CitiesApplicationWDMSONET/SDHGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Competition Bureau publishes report on Canada’s Competition Summit 2024

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GATINEAU, QC, Nov. 14, 2024 /CNW/ – Today, the Competition Bureau published a report highlighting the key takeaways from “Canada’s Competition Summit 2024: Market Dynamics in the AI Era,” which took place in Ottawa and virtually on September 16, 2024.

The event featured experts from domestic and international competition authorities, regulatory bodies, businesses and non-governmental organizations, as well as the legal and academic communities. The discussions focused on:

the current AI landscape;the impacts of AI on competition across markets; and,international and domestic regulatory approaches to AI.

The report published today summarizes 5 key takeaways from these discussions:

AI is having an impact on competition across sectors of the economy, presenting both opportunities and risks.Regulatory frameworks need to adapt to address the unique challenges posed by AI.International cooperation is crucial for effective regulation and enforcement in AI-driven markets.There is a need for transparency in AI systems to ensure accountability and consumer trust.The role of big tech in AI development is contentious.

The Bureau thanks all attendees, panelists and speakers, who helped advance the conversation on these emerging issues related to AI. We look forward to continuing to discuss competition policy issues and opportunities at Competition Summits in the years to come.

Quotes

“As Canada’s competition watchdog, the Competition Bureau needs to be at the forefront of AI and understand its impact on the competitive landscape. I am thankful for the important contributions from our panelists and speakers at this year’s Summit, as they will help us continue to build our understanding of AI’s impacts on competition.”

Matthew Boswell,
Commissioner of Competition

Quick facts

This year’s event was the fifth annual edition of Canada’s Competition Summit. Previous Summits covered digital enforcement (2020), competition and growth (2021), green growth (2022), and whole-of-government approaches to policy (2024).Over 500 participants from Canada and abroad attended the 2024 Summit.This year’s Summit is part of our ongoing work to better understand AI, how it might affect competition, and how we can address potential anticompetitive harm from AI and promote competition in AI markets. This work also includes cross-governmental collaboration through the Canadian Digital Regulators Forum and a consultation on the Discussion Paper on Artificial intelligence and competition earlier in 2024.In keeping with the theme of this year’s Summit, this report was drafted using a combination of human effort and AI technology. This is a first for the Bureau. We used an artificial intelligence program to summarize the discussions held at Canada’s Competition Summit 2024 and to develop the first draft of these key takeaways. The final content was fact-checked and quality-controlled by Bureau personnel.

Related products

Report on Summit 2024: Competition in the AI EraCanada’s Competition SummitCompetition Bureau to host summit on competition and artificial intelligence this SeptemberCanada’s Competition Summit 2024: Competition Bureau releases details about panels and expert participants

Associated links

Exploring policy approaches to unlock competition (2023)The Competition and Green Growth Summit (2022)The Competition and Growth Summit (2021)Digital Enforcement Summit (2020)Artificial intelligence and competition: Discussion paper (2024)Canadian Digital Regulators Forum

General information:

Request for information | Complaint form

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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.

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Shipt Saves the Season with Unbeatable Convenience, Exclusive Promotions, and Membership Savings

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Get everything from gifts to hosting essentials reliably delivered via Shipt

BIRMINGHAM, Ala., Nov. 14, 2024 /PRNewswire/ — This holiday season, Shipt is spreading cheer with delightful same-day delivery, unmatched deals, and everything customers need all season long. From hosting family dinners to searching for the perfect gifts to grabbing last-minute holiday essentials and toasting to the new year*, Shipt helps ease the stress with exclusive promotions and 50% off its annual membership for a limited time.

To sweeten holiday shopping, Shipt is launching Season of Savings, an annual event packed with discounts and surprises on the products customers want all season long. Plus, Shipt has added over 2,000 new retail locations nationwide this year, including Ulta Beauty at Target, The Fresh Market, Lowe’s, and local favorites like Giant Eagle and Save Mart, giving members even more curated options. These new additions join favorites like Target, CVS, and Petsmart, as well as beloved local grocers.

SHIPT MEMBERSHIP: CONVENIENCE MEETS HOLIDAY MAGIC
Shipt’s $49 annual membership promotion (regularly $99) is now available through January 4, 2025, making it easier than ever to enjoy same-day delivery from your favorite stores. With an annual membership, customers get unlimited same-day delivery on orders over $35 and exclusive savings, and a range of members-only perks.

DEALS ACROSS ALL HOLIDAY NEEDS

In addition to the membership promotion, Shipt’s Season of Savings also features incredible deals across a wide variety of popular holiday categories, including:

Season-Long Deals (November 1-January 1)

$15 off your order of $60 or more with code HOLIDAY15**Half-off annual membership $49 (reg. $99) with code SHIPTGIFT

Thanksgiving Deals

November 10-16, at Target and all grocery stores***:Spend $25, get $10 on household essentialsBuy one, get one 50% off on bath and body productsBuy one, get one 30% off on cough, cold, and flu, pain and fever, vitamins and supplements30% off kitchen and diningSpend $20, save $5 on baby essentials30% off pet essentials10% off turkeyNovember 17-23: $10 off order of $50+ for those with Shipt student membershipsNovember 25-27: spend $35, save $10 on on last-minute Thanksgiving essentials at all grocery stores and Target****

December Holiday Deals

December 1-14: 25% off orders of $40 or more from Ulta Beauty at Target, CVS, Walgreens, PetSmart, Petco, Lowes, Carters, Office Depot, and Office Max (max savings of $10)*****December 8-24: 20% off top gifting categories at Target + Meijer (Shipt members only)******

ALL-NEW GIFT CARD EXPERIENCE
Not sure what to give that special someone? A Shipt gift card is the perfect gift!

A Shipt gift card never expires, and with an all-new digital facelift, including multiple card designs and e-gifting options, a Shipt gift card lasts beyond the holiday season. And even better, take advantage of the season-long 50% off membership offer when purchasing an annual membership gift card. Terms and conditions apply. Please check out shipt.com/gift for more information.

SHIPT TO THE RESCUE: HOW IT WORKS
No matter how hectic the holiday calendar gets, Shipt makes shopping stress-free:

Download the Shipt app or visit Shipt.com to sign up for a membership or take advantage of a 14-day free trial**. Target Circle 360 members can enable access to the Shipt marketplace by visiting shipt.com/target-circle-360. Choose the store you wish to order from.Build your shopping list with a wide range of categories, from fresh groceries to festive decorations.Select a convenient delivery window and a trusted shopper with Shipt will shop your order, communicating with you about out-of-stocks, relevant substitutions and where they are in the shopping process (option to select back-ups for products out of stock ahead of time).

To learn more about Shipt’s holiday offers and start saving today, visit www.shipt.com or download the Shipt app.

About Shipt
Shipt is a retail tech company that connects people to reliable, high-quality delivery with a personal touch. Through the power of technology, Shipt connects customers to the things they want from the stores they love, workers to new earning opportunities, and retail businesses to more satisfied customers. Headquartered in Birmingham, Alabama, Shipt brings people the flexible solutions they need with the above-and-beyond service they expect. Shipt is an independently operated subsidiary of Target Corp. and is available to 80% of the U.S. population. For more information, please visit Shipt’s Newsroom.

*States with alcohol delivery availability: Alabama, Arizona, California, Connecticut, District of Columbia, Florida, Hawaii, Illinois, Kentucky, Massachusetts, Michigan, Minnesota, Missouri, North Carolina, Nebraska, Ohio, Tennessee, Texas, Georgia, Iowa, Idaho and Mississippi

**Offer valid for new customers only, returning customers are ineligible. 14 day trial will renew at the applicable membership rate at the end of the trial. Cancellation available free of charge anytime during trial. Offer is subject to Shipt Promotion Terms and Conditions. Deliveries under $35 with a membership will incur a $7 fee. All orders with alcohol (where available) may incur a $7 alcohol fee. Service fees may apply and will vary by retailer and location. See Terms of Service

***Offer expires 11/16/2024. Discount available at select retailers and applies to select items. Discount applied automatically at check out for qualifying orders. Limit one per order. Promotion is subject to Terms and Conditions.

****Purchase of qualifying products at select retailers of $35 or more must be placed by 11/27/2024 at 11:59 p.m. HT to qualify for $10 off, which will automatically apply to qualifying order at checkout. Limit 1 credit per member. Offer is subject to Shipt Promotional Terms and Conditions.

*****Store availability varies by location. Offer valid 12/1/24 through 12/14/24. Carter’s, CVS, Lowe’s, Office Depot OfficeMax, PetSmart, Petco, Walgreens, or Ulta Beauty at Target order of $40 or more must be placed by 12/14/24 at 11:59 p.m. HT to qualify for max savings of $10, which will automatically apply to qualifying order at checkout. Offer not valid for orders containing alcohol items. Limit 1 credit per member. Offer is subject to Shipt Promotional Terms and Conditions.

******Purchase of qualifying products at Target or Meijer must be placed by 12/24/2024 at 11:59 p.m. HT to qualify for 20% off, which will automatically apply to a qualifying order at checkout. Limit 1 credit per member. Offer is subject to Shipt Promotional Terms and Conditions.

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Kearney Launches Geopolitical Service Line to Give Executives New “One-Stop-Shop” for Navigating Elevated Global Uncertainty

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WASHINGTON, Nov. 14, 2024 /PRNewswire/ — Kearney, a leading global management consulting firm, today announced the launch of its newest offering, aimed at helping clients steer their companies through our ever-changing world. Kearney’s Geopolitical Dynamics provides executives with a holistic solution to navigate today’s elevated instability and its impact on business.

In a new era marked by persistent economic uncertainty, regulatory shifts, great power competition, and corresponding escalations, executives face an unprecedented volume of challenges and new opportunities. A recent Kearney assessment determined that fewer than 20% of Fortune 500 companies are ready for this “new era,” defined by heightened geopolitical and economic volatility, a shift from globalization to regionalization, and the emergence of artificial intelligence.

While traditional geopolitical advisory models served clients well in a more stable environment, today’s persistent uncertainty calls for a new approach. Kearney is stepping up with a comprehensive, end-to-end solution that enables executives to proactively navigate complexity and transform it into a catalyst for opportunity. Geopolitical Dynamics offers clients a path to accelerate the development of their in-house capabilities to navigate the implications for their strategy, operations, and people, mitigating risks and capitalizing on emerging trends along the way.

“After 40 years of operating in a globalized landscape, executives now face the urgent challenge of building internal capabilities to navigate heightened geopolitical instability. They must address immediate threats to business while managing long-term planning of markets, supply chains, and the broader enterprise,” said Drew DeLong, Global Lead of Geopolitical Dynamics at Kearney. “This new service is designed to give executives a one-stop shop to navigate with confidence and stay ahead.”

Geopolitical Dynamics offers a comprehensive suite of services that covers every stage of geopolitical management:

Granular Business Intelligence: Anticipating the “what’s next” and “what’s to come” at a granular level in partnership with an expansive global network of intelligence, government, and industrial partners.

Executive Priority Setting: Aligning executive teams and boards around where and why priorities should be set based on all readily available intelligence and business-specific nuances using tabletop exercises, granular scenario planning, and targeted diligences.

Operational Execution: Mobilizing supply chains and enterprise footprints to respond to immediate and long-term needs (including contingencies), leveraging nearly 100 years of Kearney’s heritage and excellence in strategic operations.

Geopolitical Org Ownership: Defining who and how geopolitics are owned and managed within the business today—at the board, CEO staff, and management levels—including the charting of Geopolitical Units and deploying Government Affairs to drive business outcomes through targeted government engagement that drives competitive industrial strategy.

This approach provides a simple but powerful solution to anticipate, plan, and respond faster to emerging threats and opportunities with clarity, speed, and ownership while minimizing disruption to the business—something that is critical to the executive agenda today.

“Boards and leadership teams can no longer afford to treat geopolitical matters in isolation from the standard course of business,” noted Colette LaForce, independent Board Director, Kearney advisor, and former CXO of Dell Services and AMD. “The C-suite needs a streamlined solution that cuts through generic intelligence, aligns our teams, and enables rapid response. Kearney has built a model that is designed to do just that for organizations of all sizes and in all sectors.”

This offering will draw on Kearney’s expansive capabilities to offer executives truly differentiated insights: product design analysis from PERLab, on-the-ground data from reshoring experts, market insights from the Consumer Institute, detailed trends from the Supply Chain Institute, and macroeconomic forecasts from the Global Business Policy Council.

For more information about how Kearney’s Geopolitical Dynamics capability will help you navigate the road ahead, please visit Geopolitical Dynamics or contact one of our experts listed below.

Drew DeLongDrew.Delong@kearney.com

Doug MehlDoug.Mehl@kearney.com

Ben T. Smith, IVBen.Smith@kearney.com

About Kearney

Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. To learn more about Kearney, please visit www.kearney.com.

Press contact 

US media contact:
Meir Kahtan
MKPR
mkahtan@rcn.com
+1 917-864-0800

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