Key Findings
The North America optical communication & network equipment market is set to register a CAGR of 8.17% during the forecast period, 2021-2028. The region is a prominent contributor to the 5G infrastructure. Also, almost all the US wireless carriers have 5G services. In addition, the country has the presence of major global players.

Market Insights
Canada and the United States are evaluated for the growth analysis of the North America optical communication & network equipment market. In Canada, the market growth is majorly attributed to innovations. Also, the growing number of internet users supplement the market demand for optical transceivers. Furthermore, the surging internet users facilitate the rise of data traffic. This further raises the need for data storage services. As a result, data centers are looking to upgrade their network infrastructure. Another important growth driver is the increasing demand for IoT devices.
Also, the increasing sensitive data concerns across enterprises contributed to market growth. Internet connectivity is now faster and reliable. Optical communication aids in upgrading telecommunication systems and offer data speeds for large-scale data centers. Moreover, the fast-paced development of smart city projects initiatives is increasing the demand for optical communication and networking systems to offer uninterrupted connectivity to a large number of IoT devices. Such factors facilitate growth opportunities in Canada.

Competitive Insights
Nokia Corporation, Ciena Corporation, Ribbon Communications Inc, Cisco Systems Inc, etc., are among the prominent firms in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments