Technology

Silicon Photonics Market to Grow by USD 5.24 Billion (2024-2028), Demand for Higher Bandwidth Boosts Revenue, AI Driving Market Evolution – Technavio

Published

2 years ago

November 29, 2024

NEW YORK, Nov. 29, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global silicon photonics market size is estimated to grow by USD 5.24 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 24.88% during the forecast period. Increasing need for higher bandwidth is driving market growth, with a trend towards emergence of optical data centers. However, lack of global standards and guidelines poses a challenge. Key market players include AIO Core Co. Ltd., ams OSRAM AG, Broadcom Inc., Corning Inc., Hamamatsu Photonics KK, II VI Inc., Infinera Corp., Innolume GmbH, Intel Corp., International Business Machines Corp., IPG Photonics Corp., MACOM Technology Solutions Inc., NKT Photonics AS, Nokia Corp., NVIDIA Corp., OpenLight Photonics Inc., OSCPS Motion Sensing Inc, RANVOUS Inc., Sicoya GmbH, TRUMPF SE Co. KG, and Cisco Systems Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Communications, Consumer electronics, and Others), Component (Lasers, Modulators, and Photo detectors), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

AIO Core Co. Ltd., ams OSRAM AG, Broadcom Inc., Corning Inc., Hamamatsu Photonics KK, II VI Inc., Infinera Corp., Innolume GmbH, Intel Corp., International Business Machines Corp., IPG Photonics Corp., MACOM Technology Solutions Inc., NKT Photonics AS, Nokia Corp., NVIDIA Corp., OpenLight Photonics Inc., OSCPS Motion Sensing Inc, RANVOUS Inc., Sicoya GmbH, TRUMPF SE Co. KG, and Cisco Systems Inc.

Key Market Trends Fueling Growth

The global Silicon Photonics market is experiencing significant growth due to the increasing demand for high-speed data transfer in various industries. With the Internet traffic from cloud computing, 5G technology, IoT, and AI-powered devices, there is a need for more efficient and low-power solutions. Silicon photonics offers this by using integrated circuits (ICs) for optical communications, reducing power consumption compared to electronic technologies. Key components of silicon photonics include transceivers, optical interconnects, lasers, modulators, and photodetectors. These are used in data centers, telecommunication networks, and interconnection networks. The market is also driven by the adoption of 5G network, self-driving cars, and high-speed kits for point-of-care testing and imaging data. Silicon photonics uses optical waveguides, optical modulators, and photodetectors made from silicon, silicon nitride, and other photonic components. These components are more compact and less susceptible to thermal effects compared to traditional fiber-optic solutions. Additionally, the use of high-powered laser sources, thermal stress management, and Liquid-crystal cladding helps mitigate thermal effects and improve performance. The market for silicon photonics is expected to grow in IT & telecommunications and consumer electronics sectors, with applications in broadband services, telecom service providers, and broadband connections. This growth is driven by the need for high-speed data transfer and low power consumption, making silicon photonics a promising solution for the future of optical communications and data storage systems.

Silicon photonics is a game-changing technology for optical data centers, providing enhanced capabilities for data transmission, processing, and storage. By integrating high-speed, high-bandwidth optical interconnects directly onto silicon chips, silicon photonics enables seamless communication between different data center components. This results in faster data transfer rates, lower latency, and increased scalability, making it an ideal solution for modern applications like cloud computing, artificial intelligence, and big data analytics. The continuous growth in cloud-based applications and big data analytics has significantly expanded the scale of data center networks. Silicon photonics, with its advantages over traditional copper-based interconnects, is a crucial technology in addressing the demands for faster and more efficient data center infrastructure.

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Market Challenges

The global silicon photonics market is experiencing significant growth due to increasing demand for high-speed data transfer in various industries. With the Internet traffic from cloud computing, 5G technology, IoT, and AI-powered devices, there is a need for more efficient and low-power optical communications solutions. Silicon photonics offers a promising solution with its integration of photonics and electronic components on a single silicon chip. However, challenges such as thermal effects, power consumption, and thermal stress in high-powered laser sources remain. Transceivers, optical interconnects, and lasers are key components in this market, along with modulators, photodetectors, and optical waveguides. Data centers, telecommunication, and IT & telecommunications are major end-users, with consumer electronics and automotive industries also adopting silicon photonics for high-speed kits in self-driving cars and point-of-care testing. Optical network infrastructure, including fiber-optic and active optical cables, is a significant application area. Silicon photonics is revolutionizing data storage systems, datacom protocols, and interconnection networks, offering an alternative to copper cables. The market is expected to grow further with advancements in silicon nitride, optical multiplexers, attenuators, and other photonic components.The absence of standardized protocols and specifications in the silicon photonics market poses challenges for both manufacturers and customers. Without universally accepted standards, the integration of silicon photonics components into existing optical communication systems and networks becomes complicated. Compatibility issues arise, product development and manufacturing processes are complicated, and implementation costs increase. Furthermore, the lack of clear standards results in inconsistent performance metrics, making it difficult for customers to compare and evaluate different silicon photonics solutions effectively. Standardization is crucial for the widespread adoption of new technologies, and its absence in the silicon photonics market hinders its growth and potential impact on the optical communication industry.

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Segment Overview

This silicon photonics market report extensively covers market segmentation by

Application 1.1 Communications1.2 Consumer electronics1.3 OthersComponent 2.1 Lasers2.2 Modulators2.3 Photo detectorsGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Communications- The communications industry’s growth is driving the demand for silicon photonics due to its ability to transmit wider bandwidth signals with low latency and maintain signal quality during long-distance communication with minimal loss. Silicon photonics is a key technology in optical communication systems, enabling the transfer of large amounts of data at high speeds. Increased bandwidth and low latency requirements have fueled the demand for silicon photonics-based devices such as receivers, transmitters, and modulators. The proliferation of data centers and cloud computing infrastructure is a major factor driving the market’s growth. Vendors like Cisco Systems Inc. And Intel Corp. Offer silicon photonics solutions for high-speed data transmission in data center environments. The evolution of 5G networks is another significant factor, as silicon photonics supports 5G networks with low latency and high capacity at a low cost and power per bit. With the increasing investment in 5G networks, the demand for silicon photonics is also expected to rise, boosting the growth of the global silicon photonics market through the communications segment.

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Research Analysis

Silicon photonics is an innovative technology that merges electronic and optical functionalities on a single silicon chip. This technology is revolutionizing various industries, including telecommunications, data centers, and consumer electronics. With the exponential growth of Internet traffic, cloud computing, and the Internet of Things (IoT), there is a surging demand for high-speed data transfer solutions. Silicon photonics offers a promising solution with its ability to transmit data at unprecedented speeds using light instead of electricity. This technology is not limited to telecommunications but also finds applications in 5G networks, smartphones, AI-powered devices, and networking components. It is a game-changer for data centers, enabling faster and more efficient data processing and storage. Datacom protocols and both optical and copper cables benefit from this technology’s integration with electronic circuits. However, challenges such as thermal effects and the need for advanced photonic components remain. Despite these challenges, silicon photonics continues to gain traction due to its potential to revolutionize electronic technologies and pave the way for a future of high-speed, efficient, and cost-effective data transfer.

Market Research Overview

Silicon photonics is a revolutionary technology that utilizes silicon ICs to transmit data using light waves instead of traditional copper cables. This technology is poised to revolutionize various industries, including telecommunications, data centers, cloud computing, and consumer electronics. With the exponential growth of Internet traffic, the demand for high-speed, low-power, and cost-effective solutions is increasing. Silicon photonics offers a solution by enabling the integration of photonic components such as lasers, modulators, and optical interconnects on a single chip. This technology is also crucial for 5G networks, IoT, self-driving cars, and AI-powered devices, which require high-speed data transfer and low power consumption. Silicon photonics also offers advantages in data storage systems, optical network, and telecom services by reducing thermal effects and power consumption compared to traditional electronic technologies. The market for silicon photonics is expected to grow significantly due to its potential applications in various sectors, including IT & telecommunications, datacom protocols, and consumer electronics. Some of the key components of silicon photonics include optical waveguides, photodetectors, optical modulators, and lasers made from bulk crystalline silicon, silicon nitride, and other photonic materials. The technology also includes thermal effects management using Liquid-crystal cladding and self-driving cars applications using high-speed kits. The market for silicon photonics is expected to grow significantly due to its potential applications in various sectors, including telecommunications, data centers, cloud computing, and consumer electronics. The technology offers advantages such as high-speed data transfer, low power consumption, and cost-effectiveness, making it a promising solution for the future of optical communications.

Table of Contents:

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

ApplicationCommunicationsConsumer ElectronicsOthersComponentLasersModulatorsPhoto DetectorsGeographyNorth AmericaAPACEuropeSouth 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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SOURCE Technavio

Technology

The Next Generation of Agent Assist is Here with Balto

Published

21 minutes ago

September 1, 2026

ST. LOUIS, Sept. 1, 2026 /PRNewswire/ — Balto, the leading AI platform for contact centers and the company that invented the category of agent assist called real-time guidance in 2017, today officially unveiled RTG3 – the tool is being regarded as the future of agent assist – not for its first of its kind features, but also because it’s an agent assist that consistently delivers measurable ROI.

Introducing RTG3

RTG3 delivers what Balto describes as ambient agentic intelligence for the frontline contact center agents – an experience the contact center space has never seen before, and one that is being heralded as the future of agent assist.

The idea was born from a simple but powerful feeling: Making the agent app the central command center for the frontline by providing instant answers to information that’s impossible to memorize, the ability to search for information right on the app, and turning it into a personalized workspace, rather than just another screen/app on their desktop.

RTG3 brings that experience to the frontline contact center agent for the first time, within the context of their work. Rather than a single nudge tucked on the side of the screen, RTG3 is agentic intelligence that works on the agent’s behalf, automatically launching AI agents that gather the answers, customer context, and hard-to-find information a live conversation calls for, exactly when it’s needed. The result is a frontline agent with AI at their fingertips and the freedom to focus on the customer in front of them.

That power belongs to the agent. RTG3 is built for the frontline, designed to be made their own, personalized and arranged around how each person works best; not to monitor them, and not to replace them. It is Balto’s bet on humans and on what they are capable of when given the best possible tools. RTG3 is available today, free to existing Balto real-time guidance customers, through a fast and easy implementation.

Consistently delivers measurable ROI

Agent assist is the top investment priority for contact center leaders. According to industry-leading analysts in Customer Management Practice (CMP) Research, in the 2026–2027 year, 61% of leaders say they are going to invest in agent assist, making it the number one category, ahead of analytics and insights, chatbots and virtual agents, knowledge management, and automated QA.

Renowned for an excellent product suite, customer service and a platform that consistently delivers measurable ROI across multiple industries, Balto holds a 4.8-star rating across more than 600 reviews on G2 and Capterra, and has built RTG3 to meet that demand where the ROI actually lands: improved customer retention, agent to manager ratio, reduced agent turnover, accelerated ramp time, reducing handle time, better CSAT scores, and higher conversion rates.

“If you know there’s golden data, why are you waiting for somebody to go into your product, go to the interface and ask the question? Provide them with the data that you know is good,” says Balto CEO Marc Bernstein. That principle of putting that intelligence directly in front of the agent, rather than waiting for someone to ask, is at the heart of RTG3.

How RTG3 Works

RTG3 works today in the format contact center teams already know: the app is nestled in over the side of the screen and integrates with the CCaaS and UCaaS to start and stop automatically as calls come in and go out. For the first time, Balto is also introducing an intelligent agent desktop powered by ambient agentic intelligence for the frontline contact center agent.

Customer History before the call: The second a call comes through, Balto automatically populates the history of that customer by working through previous Balto conversations and transcripts. Agents immediately see why the customer is calling and their most recent call history. Customer History carries a 93% thumbs-up rating from agents.AI agents working in the background: When a customer mentions a city, Balto pulls local weather and sports. When a competitor comes up, it pulls that competitor’s reviews and surfaces the common complaints. In healthcare, when a provider is mentioned, Balto returns the provider’s name, specialty, practice address, and a link to their listing. All of it happens in the background while the agent keeps talking.Answers to questions impossible to memorize: Agents can ask Balto anything, including questions no one could reasonably memorize, such as pricing a plan for several hundred seats with the right discounts applied. Balto searches knowledge resources in Balto Cloud and can search a customer’s SharePoint. Every answer cites its source and deep links to the exact article, page, and section it came from.Real-time checklists are built as levers: The best AI checklists are not a full script; they are a few levers that let agents hit the metrics that matter: compliance requirements like verification, deeper discovery, and an assumptive ask or close. Agents can set completed items to auto-disappear, or keep them visible.A home base for the agent: Agents no longer have to navigate an obstacle course of tabs, CRMs, and Slack channels just to answer one customer question. RTG3 consolidates everything agents need–compliance, knowledge, workflows, and supervisor support–into one customizable workspace.Make it your own: RTG3 brings everything agents need into one place, and lets them make it their own. Agents can customize their layouts, pin what they use most, and personalize the look and feel of their workspace. Every agent can create a workspace that fits the way they work. If it works the way agents have longed for and they can personalize it, agents will use it.

Available and ready to use now

RTG3 is available now and free to existing Balto agent assist customers, with an implementation Balto describes as fast and low lift. Balto’s team stays involved through implementation and beyond, helping teams prepare documents so AI can read them accurately and connecting knowledge databases so agents can query the full knowledge base from inside Balto.

Customers are already seeing incredible results with a Health Insurance brokerage call discovery rose from below 20% to roughly 51%, with an approximate 10% increase in sales as RTG3 usage grew and a Home Improvement company’s new hire ramp to estimate certification dropped from about 90 days to 30.

Learn more about Balto Agent Assist.

About Balto

Balto is the #1 rated agent assist, QA automation, and agentic insights platform for contact centers, wrapped into a single platform where humans and AI work together. Founded in 2017, Balto was the first company to bring agent assist to market and has since deployed it across more than 300 customers and 500 million interactions. Balto is backed by Telescope Partners and Vista Equity Partners. Learn more at balto.ai

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SOURCE Balto Software, Inc.

Technology

S&P Dow Jones Indices and Kaiko Introduce S&P Kaiko Digital Asset Indices

Published

21 minutes ago

September 1, 2026

New co-branded suite brings both companies’ crypto index offerings onto a single platform

NEW YORK, Sept. 1, 2026 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider and Kaiko, the global independent leader in digital asset market data, indices, and data infrastructure, today announced the combined digital asset index offerings under a single co-branded suite: S&P Kaiko Digital Asset Indices.

With this release, Kaiko’s digital asset reference rates and multi-asset indices, together with S&P DJI’s existing crypto indices, will be rebranded under the S&P Kaiko name. The suite is powered by Kaiko’s crypto-native data infrastructure and market expertise, with S&P DJI providing global licensing, distribution and benchmark administration.

With institutional participation in digital assets growing, asset managers, ETF issuers, exchanges and structured product providers increasingly require benchmarks that combine robust data, transparent methodologies, trusted governance and global distribution. The S&P Kaiko Digital Asset Indices are designed to meet that demand by pairing S&P DJI’s institutional benchmark expertise with Kaiko’s 24/7 digital asset data platform and exchange connectivity.

“Together, S&P DJI and Kaiko are raising the standard for digital asset benchmarks. As the asset class matures, institutional investors need indices defined by transparency, rigor and market relevance. This suite combines the trusted S&P brand with Kaiko’s crypto-native data infrastructure and market expertise, purpose-built for global, 24/7 digital asset markets,” said Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices.

The S&P Kaiko Digital Asset Indices suite will operate on a single platform built on Kaiko’s technology stack, with S&P DJI’s benchmark administration, licensing and distribution infrastructure integrated into its commercial operations. S&P DJI brings decades of index governance experience, global licensing capabilities and benchmark administrator status under the EU Benchmarks Regulation, aligned with the IOSCO Principles for Financial Benchmarks. Kaiko will provide data sourcing and calculation through its crypto market expertise, connectivity to 150+ exchanges and round-the-clock infrastructure, as well as index methodology support.

At launch, the S&P Kaiko suite covers over 4000 rates and indices across the digital asset class. Existing financial products benchmarked to Kaiko reference rates and multi-asset indices – including exchange-traded products, futures, options and structured products – will be able to leverage the new S&P Kaiko brand.

“S&P DJI and Kaiko bring what digital asset markets have been missing: a globally trusted benchmark brand paired with crypto-native infrastructure built for 24/7 markets. S&P Kaiko Digital Asset Indices gives institutions the credibility, distribution and data precision they need to participate in this asset class with confidence,” said Ambre Soubiran, CEO at Kaiko.

To learn more about the S&P Kaiko Digital Asset Indices visit here.

For additional information about Kaiko’s data infrastructure, indices, and pricing solutions, visit kaiko.com. Kaiko Indices, S.A., as a legal entity, will retain its existing brand and BMR registration.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji.

ABOUT KAIKO

Kaiko provides regulated data services for onchain finance. Founded in 2014, the company delivers institutional-grade digital asset market data, analytics, indices, and data infrastructure for tokenized and traditional markets. Its clients include banks, asset managers, exchanges, and leading financial institutions worldwide. Kaiko’s data and infrastructure support trading, valuation, risk management, tokenized assets, and onchain applications, connecting traditional and blockchain-based markets. For more information, visit: kaiko.com.

FOR MORE INFORMATION:

Silke McGuinness
Global Head of Communications, S&P DJI
(+1) 415-205-8414
silke.mcguinness@spglobal.com

Victoria Calmon
Kaiko
Editorial & Communications Manager
press@kaiko.com

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SOURCE S&P Dow Jones Indices

Technology

AirDNA Launches Adapt, the AI-Native Revenue Management System for Short-Term Rental Operators

Published

21 minutes ago

September 1, 2026

DENVER, Sept. 1, 2026 /PRNewswire/ — AirDNA, the leading provider of short-term rental (STR) data and analytics, today launched AirDNA Adapt, adding revenue management to its product stack for STR hosts and property managers. Built with AI at its core rather than layered onto a traditional rules-based pricing model, Adapt weighs each listing’s full competitive landscape using data from the 15 million listings AirDNA tracks, then sets nightly rates and minimum stays with a clear rationale for every rate.

Adapt was built in response to feedback from thousands of STR hosts surfacing a recurring industry challenge: operators often can’t tell whether their pricing is working or understand why a rate has changed. More than 14,000 listings were connected to Adapt during private and public betas, which kept operator feedback at the center of product development.

“Pricing a property shouldn’t require translating your strategy into dozens of rules and settings,” said Rohit Bezewada, CEO of AirDNA. “We built Adapt around a simpler approach: operators set the strategy, and Adapt handles the complexity underneath. We believe operators should always be able to understand what the system is doing and why, in plain language they can act on.”

Key features include:

Daily dynamic pricing: Nightly rates and minimum stays adjust as market and booking conditions change, with local event detection built inUnlimited comp-sets: Auto-built, editable comp sets with historical and forward-looking performance benchmarks, plus a daily comp calendar comparing rates, minimum stays, and availabilityFour pricing strategies: Operators set the goal, whether revenue, occupancy, a balance of the two, or steadier earnings from earlier bookings, and Adapt sets the underlying pricing rules to match, all adjustablePerformance dashboard: Tracks actual booked revenue, ADR, RevPAR, occupancy, and length of stay, benchmarked against the listing’s history and comp set, with up to two years of historical performanceAI assistant: Explains why any given rate was set, tests alternative scenarios, and applies pricing changes with operator approval

“Good pricing starts with understanding what a property is competing against, and most operators are working with a partial view of their market,” said Jamie Lane, AirDNA’s Chief Economist. “We’ve spent twelve years building the full picture, which Adapt now puts to work on every pricing decision.”

Adapt is available today at AirDNA.co/adapt and is free to connect, with integrations for Airbnb, Guesty, Hostaway, Hospitable, OwnerRez, and Uplisting, and more integrations coming in 2026.

Adapt Media Kit

About AirDNA

AirDNA is a global authority on short-term rental data and intelligence for hosts, property managers, investors, real estate professionals, and destinations worldwide, covering 15 million listings across Airbnb, Vrbo, and Booking.com in 120,000 markets globally. AirDNA provides the data, analytics, and tools to understand market and competitive performance, identify and underwrite investment opportunities, and optimize pricing and revenue, supporting smarter decisions in any market or economic climate.

airdna.co

Media Contact

Chloé Garlaschi

Sr. Communications Manager, AirDNA

press@airdna.co

(720) 372-2318

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SOURCE AirDNA