At 10.8% CAGR, Europe Pluggable Optics for Data Center Market is Projected to be Worth US$ 2,113.33 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Europe pluggable optics for data center market was valued at US$ 928.90 in 2023 and is expected to reach US$ 2,113.33 million by 2031, registering a CAGR of 10.8% from 2023 to 2031. Demand for energy efficiency and manufacturers focus on product development are among the critical factors attributed to the Europe pluggable optics for data center market expansion.

There is a growing focus on energy conservation and the use of energy-efficient devices. This helps businesses and government authorities achieve substantial energy cost savings. The exponential growth in data traffic majorly drives the progress in energy-saving technologies in the data center. According to a study conducted by Huawei Technologies in 2020, global data traffic will grow 14 times from 2020 to 2030, while ICT energy consumption will increase by 1.5 times. Therefore, the market players are paying more attention to sustainability. The advent of green data centers is another factor that contributes to the growing demand for energy efficiency. Green data centers are sustainable data centers that use energy-efficient technologies to reduce energy consumption and environmental impact. Businesses are shifting toward green data centers to reduce data center costs and minimize carbon impact. This can be achieved by using energy-efficient equipment and components, which can generate the demand for compact and highly integrated pluggable optics as they are more energy efficient. Installing pluggable optics could save network operational expenditures such as cooling costs.

Therefore, the demand for energy-efficient solutions is a key factor that results in the deployment of pluggable optics and can create lucrative opportunities for the pluggable optics for data center market growth.

On the contrary, rising network complexity hampers the growth of Europe pluggable optics for data center market.

Based on component, the Europe pluggable optics for data center market is segmented into switches, routers, and servers. The switches segment held 51.5% share of the Europe pluggable optics for data center market in 2023, amassing US$ 478.82 million. It is projected to garner US$ 1,115.54 million by 2031 to expand at 11.2% CAGR during 2023–2031.

By data rate, the Europe pluggable optics for data center market is segmented into 100-400GB/S, 400-800GB/S, and 800GB/S and Above. The 400-800GB/S segment held 45.2% share of the Europe pluggable optics for data center market in 2023, amassing US$ 420.13 million. It is projected to garner US$ 943.09 million by 2031 to expand at 10.6% CAGR during 2023–2031.

Based on country, the Europe pluggable optics for data center market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany held 28.3% share of Europe pluggable optics for data center market in 2023, amassing US$ 262.59 million. It is projected to garner US$ 621.22 million by 2031 to expand at 11.4% CAGR during 2023–2031.

Key players operating in the pluggable optics for data center market are Coherent Corp, Nokia Corp, Cisco Systems I, Infinera Corp, Telefonaktiebolaget LM Ericsson, Ciena Corp, Intel Corp, Lumentum Holdings Inc, Juniper Networks Inc, Marvell Technology Inc, Yangtze Optical Fibre and Cable Joint Stock Ltd, and Broadcom Inc, among others.

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