Global Optical Network Hardware Market: Synopsis —
The detailed report published by Market Research Future (MRFR) projects that the global optical network hardware market is marked to exhibit noteworthy expansion at a CAGR of 13.85% during the forecast period from 2017 to 2023. The global optical network hardware market is also anticipated to reach the market valuation of USD 32 Bn by the end of the review period from USD 14 Bn in the year 2017. High demand for internet connectivity, easy adoption of technologically advanced solutions and devices, increased utilization of smartphones by the population of all age groups and increasing number of optical network hardware manufacturers are majorly propelling the growth of the global Optical Network Hardware Market during the assessment period.
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.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/5446
The market for optical network hardware is segmented on the basis of equipment and application.
By equipment, the market is segmented into WDM and SONET/SDH or Wavelength-Division Multiplexing and Synchronous optical networking/synchronous digital hierarchy. Wavelength-Division Multiplexing is a highly popular technology that aides in multiplexing of many optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. The biggest advantage of WDM is that it can carry multiple wavelengths in a single fiber cable. Enterprises make extensive use of this technology as it offers various benefits such as full duplex transmission, similar optical network hardware components are used, and it also provides high security. The multiplexing provides higher bandwidth which is helpful in achieving the high-speed internet across the optical fiber channel.
Application-wise, the market is segmented into datacenter, smart cities, broadband infrastructure, and fiber-optic network. The market for broadband is surging at a CAGR of 14% on account of the increasing rate of internet and smartphone penetration. Broadband infrastructure is comprised of wired technologies and wireless technologies, among which FTTP (Fiber to the Premise) accounts for close to 7% of global broadband subscriptions, thereby augmenting the growth opportunity for optical network hardware market. Also, the datacenter application is anticipated to grow with 15% CAGR.
Based on region, the optical network hardware market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa.
Among these, North American region was leading the market in the year 2017 and is projected to continue dominating the global market throughout the forecast period. The regional market is set to grow with a CAGR of 13%. The United States (U.S) and Canada are the prominent regions contributing to the growth of the market in North America.
Whereas, the Asia Pacific region is exhibited to be the fastest growing region growing at a CAGR of 16.75% over the review period. The growing investment by the government bodies in the region for building high capacity network coupled with growing trend of broadband network and emerging data center market is responsible for the stupendous performance of the optical network hardware market in the region.
October 2018 – Ciena is set to expand by adding new adaptive IP capabilities coupled with coherent optics and purpose-built hardware platforms in its packet networking portfolio. The new additions have been designed keeping mind 5G deployments along with cable industry's fiber deep and business services initiatives.
Get Complete Report @ https://www.marketresearchfuture.com/reports/optical-network-hardware-market-5446
• 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
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Release ID: 88927712