Global Optical Network Hardware market was valued at USD 14 Billion in 2017. The market is projected to reach market value of USD 32 Billion by 2023, expanding at a CAGR of 13.85% over the forecast period. The growth in cloud services, increasing use of connected virtual devices, and proliferation of mobile services of Wi-Fi, and 3G or 4G technology are some of the major factors driving the growth of optical networking. However, lack of Infrastructure in developing and under-developed countries and higher cost of transition and maintenance from existing cable are some factors hindering the market growth.
Optical networking is a technique which carries digital information via light waves over fiber optic cables. Advent of WDM supports in transmitting data using multiple wavelengths of light using different frequencies over a single optical fiber. According to MRFR analysis, the growth in cloud services, increasing demand of high bandwidth services, and rising IoT has driven the demand for optical transport networking systems. The increasing usage of internet for personal and commercial purpose by consumers has increased the network traffic. To address this issue, consumers are deploying additional systems to existing optical networks. Today, many applications have transformed from function specific dedicated hardware platforms to virtualized services deployed within cloud datacenters.
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By Equipment segment, Wavelength-Division Multiplexing is most commonly used technology that helps in multiplexing of number of optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. The biggest advantage WDM provides is that it can carry multiple wavelengths in a single fiber cable. For enterprises, it provide various advantages or benefits such as full duplex transmission, similar optical network hardware components are used, and provides high security. The multiplexing provides an additional benefit of higher bandwidth which is helpful in achieving the high speed internet across the optical fiber channel.
The prominent players in Optical Network Hardware Market are – Huawei Technologies, Ciena Corporation, Alcatel Lucent, Infinera, Cisco systems, ADTRAN, ADVA Optical Networking, Ericsson, and ZTE Corporation.
Optical network hardware Market is segmented by equipment and application.
Optical network hardware Market is segmented by equipment and application. Based on equipment, Optical network hardware market is bifurcated into WDM and SONET/SDH. And on the basis of application, the market is segmented into broadband infrastructure, datacenter, fiber optic network and smart cities. The global market for broadband is increasing with the growing rate of internet and smartphone penetration. Broadband infrastructure comprise of wired technologies and wireless technologies, out of which FTTP (Fiber to the Premise) accounts for nearly 7% of global broadband subscriptions, thereby increasing the growth opportunity for optical network hardware market.
According to Market Research Future Analysis, Optical network hardware market has been valued at approx. USD 32 billion by the end of forecast period with 13% of CAGR during forecast period 2017 to 2023. Optical Network Hardware market, by equipment is segmented as WDM (Wavelength-division multiplexing) and SONET/SDH. The WDM accounted for the largest market share of 69% in 2017. The segment is anticipated to grow at value CAGR of 15% during the forecast period to reach USD 24 Billion by 2023. SONET/SDH is the second largest segment by equipment and is expected to grow at a CAGR of 10.45% during forecast period 2017-2023.
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- Raw material providers
- Component manufacturers
- Original equipment manufacturers (OEMs)
- Integrated device manufacturers (IDMs)
- Original design manufacturers (ODMs)
- Assembly, testing, and packaging vendors
- Suppliers and distributors
- Technology investors
- Research institutes
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