The US optical interconnect market is estimated to grow at a CAGR of around 11.2% during the forecast period. The major factors that further contribute to the growth of the market in the country include the rising adoption of the cloud infrastructure coupled with a growing concern related to cyber security in the country. Further, the increasing number of cyber-attacks in the US is also estimated to have a major impact on the growth of the US industry. Over the past few years, a rapid increase in the growth of cyber-attacks has been observed. The growth in cyber-attacks is majorly attributed to the increasing adoption of optical interconnect solutions that further fuelling the growth of the market in the country. However, the discrepancies regarding data encryption and security projected to hamper the demand for optical interconnect technology for large enterprises thus restraint the market growth.
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The US market for optical interconnect is segregated on the basis of product type and application industry. Based on the product type, the market is further classified into connectors, cable assemblies, optical transceivers silicon photonics, and others. The cable assemblies segment is projected to have a considerable share in the US market. Based on the application, the US optical interconnect market is further segmented into data communication and telecommunication. The data communication segment estimated to have a considerable share in the market owing to the growing number of data centers across the country and the rising adoption of big data analytics in small and medium enterprises.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
US Optical Interconnect Market – Segmentation
By Product Type
- Connectors
- Cable Assemblies
- Optical Transceivers
- Silicon Photonics
- Other( Optical Engines)
By Application
- Data Communication
- Telecommunication
The Report Covers
- Comprehensive research methodology of the US optical interconnect market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US optical interconnect market.
- Insights about market determinants which are stimulating the US optical interconnect market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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