North American Market Analysis
The third-party optical transceivers market in the North America region is estimated to garner the largest growth with a CAGR of 6.5%. This growth is due to the presence of a robust IT and telecommunications industry in the region. Moreover, the North America region has adopted the advancement of network technologies such as 5G, and cloud computing.
APAC Market Analysis
Asia Pacific third-party optical transceivers market is projected to have significant growth during the forecast period as a result of factors like the increased adoption of OCT modules for data centers, and growing demand for FTNs & communication networks with higher speeds. For instance, the data centers in India are expected to reach more than 180 by 2025. In addition, the growth of this regional market is being driven by increasing development and initiatives in order to improve digital infrastructure and rising demand for more bandwidth.
Author Credits: Abhishek Verma
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