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MARKET OUTLOOK

Triton Market Research’s report estimates that the optical communication and network equipment market in Latin America to surge at a CAGR of 5.56% during the assessed years of 2021-2028. Brazil, Mexico, and Rest of Latin America shape the overall market in this region.

In Mexico, Marcatel is leveraging Ciena’s coherent optical technology to back a new network connecting Mexico to Texas. This network permits the company to offer low-latency, high-capacity data center interconnect services across long distances, meeting the growing demand for cloud-based content. Other than this, several companies are driving the studied market’s growth in the country. 

Furthermore, ZTE Corporation announced its milestone of delivering optical network units to Megacable, the second-largest multiple system operator in the country. This indicates that the companies have entered into a new stage pertaining to the deployment of fiber-to-home networks. Thus, these developments are driving the optical communication and network equipment market on a growth path.

On the other hand, Bogota was the first city to benefit from a neutral fiber network in the telecom industry in Colombia. This was on account of ETB and Ufinet’s agreement to create a separate company to commercialize a neutral FTTH network in the telecom industry across the city. Moreover, this network offers coverage to a large number of homes, allowing more families to have ultra-broadband access. Hence, such development holds the potential to boost the optical communication and network equipment market’s growth. 

COMPETITIVE OUTLOOK 

The major firms in the optical communication and network equipment market consist of Mitsubishi Electric Corporation, NEC Corporation, Nokia Corporation, Infinera Corporation, Cisco Systems Inc, Huawei Technology Co Ltd, and Arista Networks Inc.