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Technavio, an international technology market research institution, recently released a report that the global optical interconnection market will grow at a compound annual growth rate of more than 5%
during 2018-2022.
This market research report segments the global optical interconnect market into the following fiber modes (singlemode fiber and multimode fiber), interconnect level (rack level, long distance level, chip level, and wide level), product category (optical transceivers, connectors, and cable assemblies), and key regions (Americas, Asia Pacific, and Europe, Middle East, and Africa).
According to the report, the increasing demand for cloud databases is one of
the major factors contributing to the stable development of this market.
A database consists of multiple servers that provide data
to end users.
Number formats are used to store data in a database
.
Another effective storage medium is the cloud, where data stored in the cloud can be easily accessed
.
Commercial enterprises require very high storage capacity and access to information and data from anywhere, and most of these enterprises use cloud-based storage services
.
Cloud databases need to process and combine multiple discrete data items
in a single operation.
To handle this type of complex data, it is critical
to provide alternative storage with higher performance.
Fiber optic interconnects such as transceivers, cable assemblies, and cables offer future scalability, higher capacity, and lower energy
.
According to Technavio's senior analyst of embedded systems, "The demand for its services is increasing
due to the better scalability and high storage availability offered by cloud-based storage.
Cloud-based services have created a huge demand
for fiber optic interconnects.
Increasing global spending by enterprises on cloud storage is increasing the demand
for fiber interconnects for cloud-based applications.
”
Among the three major products, the optical transceiver market accounted for the largest market share in 2017, accounting for nearly 48%.
The market share of this product is expected to continue to grow
through 2022.
On the other hand, the fastest growing product is connectors, which account for nearly 32%
of the total global market share by 2022.
From a regional perspective, Asia Pacific was the leading region in the global optical interconnect market in 2017, with a market share of nearly 56%.
Growth in the Asia-Pacific region is expected to reach nearly 4%
by 2022.
Technavio, an international technology market research institution, recently released a report that the global optical interconnection market will grow at a compound annual growth rate of more than 5%
during 2018-2022.
This market research report segments the global optical interconnect market into the following fiber modes (singlemode fiber and multimode fiber), interconnect level (rack level, long distance level, chip level, and wide level), product category (optical transceivers, connectors, and cable assemblies), and key regions (Americas, Asia Pacific, and Europe, Middle East, and Africa).
According to the report, the increasing demand for cloud databases is one of
the major factors contributing to the stable development of this market.
A database consists of multiple servers that provide data
to end users.
Number formats are used to store data in a database
.
Another effective storage medium is the cloud, where data stored in the cloud can be easily accessed
.
Commercial enterprises require very high storage capacity and access to information and data from anywhere, and most of these enterprises use cloud-based storage services
.
Cloud databases need to process and combine multiple discrete data items
in a single operation.
To handle this type of complex data, it is critical
to provide alternative storage with higher performance.
Fiber optic interconnects such as transceivers, cable assemblies, and cables offer future scalability, higher capacity, and lower energy
.
According to Technavio's senior analyst of embedded systems, "The demand for its services is increasing
due to the better scalability and high storage availability offered by cloud-based storage.
Cloud-based services have created a huge demand
for fiber optic interconnects.
Increasing global spending by enterprises on cloud storage is increasing the demand
for fiber interconnects for cloud-based applications.
”
Among the three major products, the optical transceiver market accounted for the largest market share in 2017, accounting for nearly 48%.
The market share of this product is expected to continue to grow
through 2022.
On the other hand, the fastest growing product is connectors, which account for nearly 32%
of the total global market share by 2022.
From a regional perspective, Asia Pacific was the leading region in the global optical interconnect market in 2017, with a market share of nearly 56%.
Growth in the Asia-Pacific region is expected to reach nearly 4%
by 2022.
