The global optical transceiver market is set to grow to $41.1 billion by 2022, according to a report by RnR Market Research. Driven by the availability and cost-effectiveness of 100- and 400-Gbps devices, the growth of next-generation optical transceiver devices helps customers use less power, spend less money and use smarter technology. Internet, enterprise augmented reality and the Internet of Things (IoT) drive optical network adoption as the mega data centers launch and grow. Global adoption of the internet is driving rapid growth of the mega data center and the need for high-speed network transmission. "Optical transceiver markets are driven by the use of broadband in every industry,” said the research team. “Video, internet adoption and tablets drive demand for broadband. Markets are influenced by apps, augmented reality, IoT, the move to cloud computing and the adoption of smartphones by 9.5 billion people by 2020. Mega data centers that support online commerce, streaming video, social networking and cloud services for every industry are expected to adopt optical transceivers as a fundamental technology. Software as a Service is a primary offering that will leverage optical transceivers in this mega data center."