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MARKET OUTLOOK

As per Triton’s research report, the optical communication and network equipment market in North America is predicted to display a compound annual growth rate of 7.72% in the years 2021-2028. The United States and Canada form the market in this region.

Due to growing innovation, the Canadian optical communication and network equipment market is gaining traction globally. For instance, Teleglobe decided to integrate its offshore calling traffic and domestic traffic on a high-capacity fiber-optic network to upgrade its telecommunications services. Moreover, the company engaged Stentor’s alliance of major telephone companies to deliver its network. Furthermore, as per estimates, the network travels through eight provinces and is expected to be the longest survivable fiber-optic network globally. Hence, these factors widen the scope and development of the optical communication and network equipment market’s growth across Canada. 

On the other hand, the US has a substantial number of subsea cables that are vital to connecting the region with other nations. In this regard, there are over 65 foreign subsea links to fiber-optic networks that are known to have landing stations set up in the country, which is important for domestic telecommunication operators and services providers. Furthermore, the country has dense long-haul fiber-optic networks with a large number deployed across the nation. Thus, such developments are estimated to fuel the progress of the optical communication and network equipment market. 

COMPETITIVE OUTLOOK

Huawei Technology Co Ltd, Infinera Corporation, Arista Networks Inc, Cisco Systems Inc, Adtran Inc, Mitsubishi Electric Corporation, and Nokia Corporation are prominent companies in the optical communication and network equipment market.