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The major factors contributing to the growth of the global optical transceiver market include the increasing demand for the energy-efficient and compact transceiver, rising implementation of smart devices, growing demand for cloud computing applications, and surging data traffic. Additionally, the rising penetration of the internet requiring high-speed transmission of data efficiently and the increasing need for high bandwidth and advanced networks will support the adoption of cloud services, which will further boost the demand for optical transceivers in the market.

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