The global market for optical interconnect is projected to have considerable CAGR during the forecast period. The major factors that propels the optical interconnect market include growing deployment of data centers, increasing adoption of big data analytics and cloud-based services across the globe. The rise in the demand for cloud-based services is further projected to enhance the demand for optical interconnect services in enterprises that further provide a significant opportunity to the market. There are various factors that can influence the adoption of optical interconnect by SMEs such as organization competitiveness and management strategies. The SMEs are adopting cloud services to enhance flexibility and scalability of their business performance, and to lower the cost of operations. Moreover, integration of advanced technology such as IoT and AI further provide substantial opportunity to the market.

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The global optical interconnect market is segmented based on product type and application. Based on the product type, the market is further classified into connectors, cable assemblies, optical transceivers silicon photonics, and other. The optical transceivers market is projected to grow at a significant CAGR during the forecast period. On the basis of application, the market is further segregated into data communication and telecommunication.
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Geographically, the global optical interconnect market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth is attributed to the significant adoption of datacenter services economies such as China, Japan, India, South Korea, Thailand, and Australia. The increasing internet penetration has increased the concerns associated with data traffic and data security, which in turn, is expected to drive the adoption of optical interconnect technology in the region.

The key players in the optical interconnect market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include II-VI Inc., Broadcom Inc., Fujitsu Ltd., Intel Corp., NVIDIA Corp., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For instance, in March 2020 II-VI Inc., announced the launch of 400G CFP2-DCO pluggable transceivers for high-speed backbone networks and datacenter interconnects.

Global Optical Interconnect Market Segmentation
By Product Type

• Connectors
• Cable Assemblies
• Optical Transceivers
• Silicon Photonics
• Other(Optical Engines)

By Application

• Data Communication
• Telecommunication

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• II-VI Inc.
• Acacia Communications, Inc.
• Accelink Technology Co. Ltd.
• Amphenol Corp
• Broadcom Inc.
• Corning Inc.
• Fujitsu Ltd.
• Furukawa Electric Co., Ltd.
• Huawei Technologies Co., Ltd.
• InnoLight Technology (Suzhou) Ltd.
• Infinera Corp.
• Intel Corp.
• Juniper Networks, Inc.
• Lumentum Operations LLC
• Molex, LLC
• NVIDIA Corp.
• NeoPhotonics Corp.
• Optoscribe Ltd.
• Sumitomo Electric Industries, Ltd.
• TE Connectivity Corp.

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