According to the new research report on "Pluggable Optics for Data Center Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the pluggable optics for data center market is expected to reach US$ 12.35 billion by 2031 and register a CAGR of 11.3% from 2023 to 2031.
Data centers are expanding rapidly, owing to increased digital transformation and internet adoption. India, Japan, France, the UK, UAE, and Brazil, among others, are developing as significant hubs due to their strategic positioning, strong infrastructure, and favorable government regulations. These countries receive a significant investment in data center infrastructure to enhance data storage, cloud services, and processing capabilities. Growing focus on enhancing data communications and telecommunications applications increases the demand for pluggable optics that maintain optimal network performance in low latency and high bandwidth applications.
The growth of the pluggable optics for data center market in South America is driven by increasing investment in the region. In August 2024, Scala Data Centers completed the second phase of its Tambor