© 2016 Global Market Insights, Inc. USA. All Rights Reserved Optical Communication and Networking Market Size will witness a rapid growth to 2025
© 2016 Global Market Insights, Inc. USA. All Rights Reserved The optical communication and networking market is segmented on the basis of components, which include optical transceivers, optical fibers, optical splitters, optical amplifiers, optical switches, optical circulators, and others. Optical switches are the most widely used components as they reduce the number of network devices along with significant energy savings. As enterprises realize the benefits of optical fibers in reducing transmission loss with low latency and reduced data collision (fragmentation of data due to peak load), the optical fiber segment is expected to have the highest growth. The development and the adoption of new technologies, such as IoT and Artificial Intelligence (AI), have also increased the need for faster internet communication standards. Traditional internet wires (co-axial cables) relay internet at a peak speed of 45 Megabits/second (45Mbps), whereas optical fibers offer speeds of 100 Gigabits/second (100,000 Mbps). Their resistance to electrical interference (storms, lightning) is also very high, making them a perfect fit for AI and IoT applications where uninterrupted real-time analytics is required. Another factor is the increasing number of wearable devices, such as smartwatches and fitness bands, which have exerted additional stress on the existing internet bandwidth. Key Insights Optical Communication and Networking Market:
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued… On the basis of technology, the optical communication and networking market segmentation includes Wavelength Division Multiplexing (WDM), Synchronous Optical Networking (SONET), and Fiber channels. WDM has the leading share due to its relatively simpler architecture, better scalability, high capacity to add/drop new channels, multiple ring terminations (ability to cancel signal anywhere during transmission), multi-services, and multiple fabrics. The segmentation, as per application, includes telecoms, data centers, and enterprises. The adoption of optical fiber network by data centers for handling massive data loads makes it the leading market segment. The telecom sector is expected to have the largest growth as cellular internet penetration increases the load on telecom providers’ bandwidth capabilities, migrating them to faster and higher bandwidth communication systems.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Market research reports: Key analytical components
Major Companies in Optical Communication and Networking Market : Lumentum Operations Coriant ECI Telecom Infinera Nokia Cisco Calix ZTE Broadcom Oclaro Ciena Finisar ADVA Optical Networking NEC Arista Networks Juniper Networks
© 2016 Global Market Insights, Inc. USA. All Rights Reserved North America is the largest optical communication and networking market. This can be attributed to the high concentration of data centers and cloud computing hubs in the U.S. The U.S. alone holds 3 million data centers, nearly 36% of the global data centers (8.4 million in 2018). The top mega data centers are also located in the U.S. (Facebook, Google, AWS), making it a highly conceivable market for optical communication. Asia Pacific is expected to have the highest growth during the forecast period as the region has the most consumers with data-generating devices (smartphones, laptops, tablets, etc.), nearly 2.2 billion in 2018, which have increased the demand for faster internet. The rise of 5G technology in Taiwan, Singapore, Malaysia, and South Korea has also increased the deployment of optic fiber channels. Regional Insights Optical Communication and Networking Market:
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