Optical Communication and Networking Market Size

Optical Communication and Networking Market Size

Optical Communication and Networking Market size was worth more than USD 20 billion in 2022 and is anticipated to exhibit over 10% CAGR from 2023-2032. Growing demand for robust internet connection for stronger remote communication will showcase a positive industry outlook.

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Rapid digitization has accelerated internet traffic and is proliferating the need for reliable internet connectivity worldwide. High penetration of next-generation technologies such as artificial intelligence (AI), and the internet of things (IoT) will foster faster internet communication systems and standards.

In recent years, bring your own device (BYOD) policies have gained significant momentum with enterprises encouraging their employees to adhere to the evolving workspaces. BYOD structures offer a myriad of benefits such as enhanced enterprise agility and a reduction in infrastructure spending. However, these devices often lack strong data security protocols, which increases the risk of breaches in enterprise networks, and business-critical data, thus fueling the need for optical communication and networking solutions. These tools help organizations secure data on employee devices and build an unbreachable layer of security over authentication, and passwords.