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Optical Transceiver Market to Grow by USD 10.3 Billion (2024-2028) with Strategic Supply Chain Collaborations, AI-Powered Market- Technavio

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NEW YORK, Sept. 4, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global optical transceiver market size is estimated to grow by USD 10.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 16.68% during the forecast period. Strategic collaboration among supply chain members is driving market growth, with a trend towards migration of otns toward wdm architecture. However, deployment issues of fiber optic infrastructure poses a challenge. Key market players include Amphenol Corp., Applied Optoelectronics Inc., Broadcom Inc., CBO GmbH, Ciena Corp., Fabrinet, Firecomms Ltd., FS.COM Inc., Fujikura Co. Ltd., Furukawa Electric Co. Ltd., II VI Inc., Koch Industries Inc., Lumentum Holdings Inc., Murata Manufacturing Co. Ltd., Phoenix Contact GmbH and Co. KG, Shaoxing ZKTel Equipment Co. Ltd., Smartoptics AS, Source Photonics, Sumitomo Electric Industries Ltd., and Texas Instruments Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Datacom, Telecom, and Enterprise), Fiber Type (Singlemode fiber and Multi mode fiber), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Amphenol Corp., Applied Optoelectronics Inc., Broadcom Inc., CBO GmbH, Ciena Corp., Fabrinet, Firecomms Ltd., FS.COM Inc., Fujikura Co. Ltd., Furukawa Electric Co. Ltd., II VI Inc., Koch Industries Inc., Lumentum Holdings Inc., Murata Manufacturing Co. Ltd., Phoenix Contact GmbH and Co. KG, Shaoxing ZKTel Equipment Co. Ltd., Smartoptics AS, Source Photonics, Sumitomo Electric Industries Ltd., and Texas Instruments Inc.

Key Market Trends Fueling Growth

Optical Transceiver Market: Wavelength-Division Multiplexing (WDM) Technology Drives Growth The Optical Transceiver Market is witnessing significant growth due to the widespread adoption of Wavelength-Division Multiplexing (WDM) technology. Carriers are migrating from SONET to WDM architecture, with a focus on Dense WDM (DWDM) systems. DWDM enables carriers to tap immense capacity by carrying multiple wavelengths over a single optical fiber, reducing the need for additional network infrastructure. Benefits of DWDM include fault detection, performance monitoring, and wavelength isolation. Advanced DWDM systems can support up to 192 wavelengths on a single pair of fibers, each capable of transporting up to 100 Gbps of data. The market is expected to benefit from the increasing demand for high-capacity networks, with 400 Gbps and 1 Tbps on the horizon. Early challenges with WDM implementation, such as insufficient features from vendors, have been addressed by advanced DWDM technology. Telecom operators are eager to transition to 100 Gbps DWDM optical networks for their long-haul networks, addressing the growing demand for bandwidth and data traffic. These factors collectively contribute to the positive outlook for the global Optical Transceiver Market during the forecast period. 

The Optical Transceiver Market is experiencing significant growth due to increasing trends in speed, capacity, and scalability. Fiber optics technology and fiber optic devices, including DSP technologies, are driving this growth. Cloudscene and Metro Edge are key players in the communication landscape, while construction companies like Clune Construction are integrating AI infrastructure into their networks. 5G, IoT, and AI cluster connectivity require higher data flow, leading to increased demand for optical communication and network equipment. VoIP, LTE, and optical cable networking are also contributing to the market’s growth. Form factor, data rate, fiber type, distance, and wavelength are important considerations for optical transceivers. Source Photonics and other leading companies offer a range of options, including single mode fiber, multimode fiber, SFF, SFP, QSFP, CFP, XFP, and CXP. Optical transceivers come in various distances, from km to nanometers, and connectors like LC and SC are commonly used. 

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Market Challenges

The multi-dwelling unit (MDU) sector in the housing industry presents a significant growth opportunity for communication service providers in the optical transceiver market. However, deploying fiber optics in MDUs poses unique challenges. Engineering constraints such as space limitations and the presence of multiple cable networks increase installation time and costs. Creating holes for conduits and cable management require approvals from residents and local authorities, adding to the complexity of the project. Once fiber is installed, vendors face cable management issues, including the need for factory-terminated patch cords and fusion-spliced pigtails. While these solutions reduce labor costs, they require specialized equipment and trained technicians for fusion splicing, which can be costly and time-consuming. Moreover, the low penetration of fiber cables in MDUs means the demand for optical isolators is minimal. This factor may hamper the growth of the global optical transceiver market during the forecast period. Despite these challenges, communication service providers continue to explore innovative solutions to overcome these barriers and expand their fiber optic networks in the MDU sector.The Optical Transceiver Market is experiencing significant growth due to the increasing demand for high-speed data transmission in various industries. However, challenges persist in areas such as energy efficiency, particularly in data centers where large amounts of power are consumed. Networking standards and circuit designs are continually evolving to address this issue. Alternative materials and advanced communication technologies like machine learning and artificial intelligence (AI) are being explored to improve performance and reduce costs. Hyperscale data centers, cloud storage, and high bandwidth applications such as video streaming and cloud computing require optical transceivers with a wide operational range and 1310 nm bandwidth. Single-mode fibers and fiber optic cables are essential interconnect components, transmitting light signals over kilometers for telecommunications and networking applications. The telecom industry and IT infrastructure costs are driving the need for high-speed, low-power optical transceivers. On-premises servers and computing resources must scale to meet increasing data usage, requiring advanced connectivity solutions for high data rates and efficient data transmission networks. Base stations and the entertainment industry, including movie production and online services, also rely on optical transceivers for digital services and high data usage applications.

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Segment Overview 

This optical transceiver market report extensively covers market segmentation by

End-user 1.1 Datacom1.2 Telecom1.3 EnterpriseFiber Type2.1 Singlemode fiber2.2 Multi mode fiberGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Datacom- The Optical Transceiver Market is experiencing steady growth due to increasing demand for high-speed data transmission. Companies are investing in this technology to enhance their network capabilities and improve connectivity. Key players in the market include Cisco Systems, Huawei Technologies, and Finisar. These companies are focusing on research and development to launch innovative products and expand their customer base. The market is expected to reach significant growth in the coming years, driven by the rising adoption of cloud services and the Internet of Things (IoT).

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Research Analysis

The Optical Transceiver Market is experiencing significant growth due to the increasing demand for high-speed connectivity driven by smart devices, data traffic from cloud-based services, and the adoption of 5G networks. Optical transceivers, also known as fiber optic transceivers, are interconnect components that convert electrical signals to light signals for transmission through fiber optic cables in optical communication systems. These transceivers are essential for 5G networks, which require low latency and high data rates to support the massive connectivity of 5G devices. The form factor and data rate of optical transceivers are critical factors in the market, with demands for smaller, more efficient components to accommodate the increasing number of connected devices. The market for optical transceivers is expected to continue growing as Internet usage increases, and network equipment upgrades to support 5G technology, including VoIP and LTE networks. Fiber type is also an important consideration, with single-mode fiber being the most commonly used type due to its long transmission distances and high data capacity.

Market Research Overview

The Optical Transceiver Market is experiencing significant growth due to the increasing demand for high-speed data transmission in various sectors. With the proliferation of smart devices, data traffic is surging, driving the need for advanced connectivity solutions. Cloud-based services, 5G networks, and the Internet of Things (IoT) are major contributors to this trend. 5G adoption is accelerating, leading to an increase in 5G devices and the need for connectivity ICs. Network complexity is rising, necessitating the use of silicon photonics, alternative materials, and advanced circuit designs. Energy efficiency and power consumption are critical concerns, with data centers and networking standards focusing on DSP technologies and fiber optic devices. The telecom industry and telecommunications networking applications require optical transceivers for high data rates and capacity, scalability, and data flow. Fiber optics technology continues to evolve, with single-mode fibers and the 1310 nm bandwidth enabling high-speed, kilometers-long data transmission. The communication landscape is transforming, with AI infrastructure, cloud scene, metro edge, and Clune Construction leading the way. The entertainment industry, movie industry, and online entertainment are also driving demand for optical transceivers in digital services. Operational range, latency, and fiber optic cables are essential considerations for high-speed data transmission in high bandwidth applications such as video streaming, cloud computing, and telecommunications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userDatacomTelecomEnterpriseFiber TypeSinglemode FiberMulti Mode FiberGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Qued Partners with Don Hummer Trucking to Bring AI-Powered Smart Appointments to a Family Fleet Trusted for More Than 70 Years

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Family-owned Iowa truckload carrier has confirmed more than 10,000 appointments through Qued, with email scheduling handled at a 98.8% success rate

BROADLANDS, Va., July 21, 2026 /PRNewswire-PRWeb/ — Qued, a leader in developing sophisticated, automated appointment scheduling solutions for supply chain and logistics companies, today announced a strategic partnership with Don Hummer Trucking Corporation, a family-owned interstate truckload carrier trusted by some of the nation’s most recognizable brands. Don Hummer Trucking has deployed Qued’s Smart Appointments platform to automate appointment scheduling across its operations, taking manual booking work off the desks of the people who keep its trucks moving.

Every load delivered safely and on time carries the opportunity to earn our customer’s trust. Qued took a job that used to eat hours of our team’s day and quietly handles it in the background.

The numbers behind the announcement:

More than 10,000 appointments confirmed through Qued94.2% confirmation rate98.8% success rate on email-based scheduling

Qued’s platform selects the best appointment slots in real time, weighing ETAs, facility capacity, historical performance, and the specific requirements of each location. It connects directly to the transportation management system a carrier already runs, and it works on every channel a facility can require: web portals, email, and AI-powered voice calls. At Don Hummer Trucking, email scheduling has been the standout, with Qued handling email-based appointment requests at a 98.8% success rate.

“Don Hummer Trucking is the kind of company this industry is built on. The president holds a CDL and delivers loads. The family name rides on every trailer,” said Tom Curee, President of Qued. “When a three-generation fleet with that much on the line trusts Qued with its appointments, we take it seriously. Hummer’s confirmation numbers show what disciplined operators get when real automation goes to work on scheduling.”

“Every load delivered safely and on time carries the opportunity to earn our customer’s trust. Qued took a job that used to eat hours of our team’s day and quietly handles it in the background. Confirmations happen, trucks keep moving, and our people stay focused on drivers and customers,” said Jake Von Feldt, Vice President of Finance at Don Hummer Trucking.

Don Hummer Trucking joins a growing roster of asset-based carriers on Qued, from family fleets to some of the largest carriers in North America.

About Qued:

Qued is a cloud-based, AI-powered smart workflow automation platform transforming load appointment scheduling for brokers, 3PLs, and carriers. By automating the scheduling process, Qued eliminates manual work, simplifies multi-stop load appointments, and ensures seamless coordination across the supply chain, improving both operational efficiency and customer satisfaction. For more information, visit www.qued.com or contact us at contact.us@qued.com.

About Don Hummer Trucking:

Don Hummer Trucking Corporation is a family-owned and operated, for-hire interstate truckload carrier headquartered in Cedar Rapids, Iowa, with terminal operations in Homestead, Iowa. The Hummer name has been trusted in freight transportation for more than 70 years, and the company today serves many of the largest shippers in the country. For more information, visit www.donhummertrucking.com.

Media Contact

Adam Robinson, The Robinson Agency, 1 2148720780, adam@the-robinson-agency.com, The Robinson Agency 

View original content to download multimedia:https://www.prweb.com/releases/qued-partners-with-don-hummer-trucking-to-bring-ai-powered-smart-appointments-to-a-family-fleet-trusted-for-more-than-70-years-302830398.html

SOURCE Qued

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Bank of America Enhances EricaAssist with Generative AI to Help Employees Resolve Client Needs Faster

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New AI capabilities deliver relevant insights in seconds, helping employees provide more personalized client service in real-time

Key takeaways

More than 18,000 employees use EricaAssist as a human-assisted AI agent to help serve clients.
New Generative AI (Gen AI) capabilities deliver contextual guidance in under three seconds, helping resolve client needs faster and supporting decision making by customer service representatives.
EricaAssist reduces average call times by nearly one minute per interaction, improving efficiency and client experience.

CHARLOTTE, N.C., July 21, 2026 /PRNewswire/ — Bank of America (BofA) today announced enhancements to EricaAssist, its human assisted AI agent that supports employees during client conversations, delivering real time insights that help resolve client needs faster while keeping the employee at the center of the experience.

Used by more than 18,000 customer service representatives, EricaAssist works alongside employees during calls – summarizing and surfacing relevant guidance in real time – so employees can focus on listening to and understanding clients, explaining solutions, and building stronger relationships. The enhancements are making our human agents better and providing our customers with an improved and more efficient experience.

“EricaAssist reflects our high tech, high touch approach,” said Ashley Ross, Head of Consumer Client Experience and Business Transformation at Bank of America. “By combining human judgment with real time AI guidance, we’re helping employees navigate complex topics more easily and serve clients more effectively in the moments that matter most.”

Bank of America customer service representatives use generative AI capabilities within EricaAssist to summarize why a client is calling, pull together relevant information, and recommend next steps based on the employee’s role and the client’s relationship with the bank – all without interrupting the flow of the conversation.

“This technology helps our teammates deliver relevant insights in seconds, while operating with strong governance, transparency, and accountability,” said Tom Ellis, Chief Information Officer and Head of Consumer Technology at Bank of America.

Later this year, Bank of America plans to expand EricaAssist to support additional servicing scenarios and business lines.

Frequently asked questions

Question: Why enhance EricaAssist with GenAI capabilities?

Answer: Enhancing EricaAssist reflects the bank’s focus on continuously improving how employees access and deliver personalized guidance and resolve client needs faster.

Question: How do EricaAssist enhancements reflect Bank of America’s broader investments in technology?

Answer: Bank of America spends $14 billion annually on technology, of which more than $4 billion is allocated to new initiatives, including AI. These ongoing investments, combined with our high-tech, high-touch approach, continue to enhance our client experiences across all channels and to drive operational efficiencies across the company.

Question: Why blend AI with employee decision making?

Answer: Our responsible AI strategy ensures human oversight, transparency, and accountability for all outcomes. By leveraging AI at scale across our global operations, we are optimizing performance and improving client experiences. EricaAssist works alongside employees, supporting their decision-making and service. Employees ensure clients receive thoughtful guidance, with AI operating within established governance and oversight.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Catherine Page, Bank of America
Phone: 1.704.519.7314
catherine.page@bofa.com

Don Vecchiarello, Bank of America
Phone: 1.980.387.4899
don.vecchiarello@bofa.com

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SOURCE Bank of America Corporation

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Sonilo and fal Launch Sound Effects 1.0 for Realistic Sound Effects from Video and Text

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Exclusive API co-launch brings Video-to-Sound Effects and Text-to-Sound Effects generation to developers through fal

SAN FRANCISCO, July 21, 2026 /PRNewswire/ — Sonilo, a generative audio company building video-native sound and music models, and fal, the generative media platform for developers and enterprises, today announced the launch of Sonilo Sound Effects 1.0, a new model that generates highly realistic sound effects from video or text.

With video input, Sound Effects 1.0 analyzes what is happening on screen and generates one finished audio track synced to the motion, timing and scene. With text input, developers and creators can describe a specific sound effect and generate it directly.

fal will serve as the model’s exclusive API launch partner during its initial launch period, providing developers with day zero access through fal’s production-ready infrastructure.

Sound Effects 1.0 is designed to address one of the most persistent gaps in AI video production: footage can look complete while still requiring significant manual work before it sounds complete.

When given a video, the model analyzes on-screen motion, scene context, environments, and timing before generating audio that follows what is happening on screen.

Instead of returning a collection of disconnected audio assets that still need to be placed and aligned one by one, Sound Effects 1.0 can produce a synchronized audio track that is ready to review, refine and add to the edit.

“Sound effects only work when they feel like they belong in the scene,” said Trista Hong, Co-Founder of Sonilo. “Sound Effects 1.0 was built around that complete problem: understanding the footage, generating realistic audio, and synchronizing it automatically. We’re excited to launch it together with fal and bring video-native sound into real production workflows.”

A Sound Model Built Around the Video

Traditional sound-design workflows typically begin outside the footage. Editors search sound libraries, preview multiple assets, place them on a timeline, align each effect to the appropriate frame, adjust levels and repeat the process across every action in the scene.

Sound Effects 1.0 begins with the video itself.

The model uses the footage as both a source of semantic information and the timing foundation for the generated audio. It determines what is happening in the scene, what sounds are appropriate for those events and when those sounds should occur.

This video-native approach is particularly useful for scenes containing multiple actions, transitions, impacts and environmental details. Rather than requiring creators to build the sound layer one asset at a time, the model can generate audio around the structure of the footage as a whole.

Sound Effects 1.0 supports video inputs of up to three minutes, making it suitable for short-form content, advertisements, gaming footage, product videos and longer narrative scenes.

Automatic Generation When Speed Matters, Prompt Control When Direction Matters

Sound Effects 1.0 supports two complementary generation workflows.

Video-to-Sound-Effects analyzes uploaded footage and generates sound effects matched to its visible actions, environments and timing.

Text-to-Sound-Effects generates specific standalone sounds from written descriptions, giving creators and developers direct control when they need a particular audio asset.

Prompts are optional in the video workflow. Users can allow the model to interpret footage automatically or provide a prompt requesting a particular sound, emphasis or creative direction.

The prompt helps shape what the model generates, while the video continues to determine when the sound should occur.

This gives users two practical modes of working: automatic sound generation when speed and coverage are the priority, and prompt-guided generation when a scene requires more precise creative control.

Bringing Video-Native Sound Generation to Developers through fal

The co-launch gives developers access to Sound Effects 1.0 through fal’s generative media infrastructure, allowing video-conditioned sound generation to be incorporated directly into products and production workflows.

Developers can use the model to build synchronized sound generation into:

AI video editors and generation platforms;Short-form and social video tools;Advertising and branded-content workflows;Game prototypes, gameplay videos and cinematics;Film and narrative-production pipelines; andMultimodal creator products that combine video, music and sound.

“We’re entering a new era where AI applications don’t just generate assets, they produce complete experiences,” said Tina Sang, Head of Marketing at fal. “Sound is fundamental to making those experiences believable. Sonilo Sound Effects 1.0 helps developers generate context-aware, synchronized audio that matches what’s happening on screen, and we’re very excited to bring it to fal, day zero.”

The integration is designed to let teams move from initial testing to product deployment without building and operating a separate model-serving stack. Developers can access the model through fal’s API and developer tooling while keeping sound generation inside the same environment as their broader generative media workflows.

Expanding the Sonilo and fal Partnership

The launch expands an existing relationship between Sonilo and fal.

Sonilo Music v1.1 is already available through fal, giving developers access to both Video-to-Music and Text-to-Music generation. Sound Effects 1.0 extends that integration from generated music into highly realistic, video-conditioned sound effects.

Using the same source footage, creators and developers can generate sound effects around visible actions and environments, then generate music informed by the video’s pacing, scene changes, mood and timing.

This creates a broader video-first audio workflow in which a single video can serve as the timing foundation for both sound design and music. Sound effects can follow what happens on screen, while music can follow the emotional and structural movement of the edit.

By connecting both layers around the source footage, Sonilo aims to reduce manual synchronization, repetitive asset placement and unnecessary switching between separate audio tools.

Built for Real Production Workflows

For AI video creators, Sound Effects 1.0 can add action cues, environmental details, movement and transitions to generated footage that otherwise arrives without usable audio.

For high-volume creators and gaming channels, the model can reduce repetitive timeline work across content requiring dense sound design, including impacts, interface sounds, room tone and movement.

For filmmakers and narrative teams, it can generate scene-level elements such as footsteps, doors, physical interactions and ambience directly from an edit.

For brands and advertising teams, it can produce precisely timed audio around product interactions, camera transitions, packaging moments and visual reveals.

For platforms and API products, it provides a way to add video-conditioned sound generation without requiring users to leave the product and assemble audio in a separate editing workflow.

About Sonilo

Sonilo builds video-native generative audio models for creators, developers and media platforms. Its technology generates music and sound effects directly from footage or text, helping teams bring audio into the video-creation workflow and reduce manual timeline work. Sonilo is headquartered in San Francisco and backed by B Capital.

Learn more at https://sonilo.com/.

About fal

fal is a generative media platform that provides developers with access to the world’s best generative image, video, and audio models through a unified API. Trusted by over 2.5 million developers and leading companies, fal offers the fastest inference engine for diffusion models, on-demand serverless GPUs, and dedicated compute clusters for frontier research. Learn more at fal.ai.

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