Optical Network Hardware Market Overview:
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.
Key Players
Market Research Future (MRFR) recognizes the
following companies as the key players in the Optical network hardware market –
Huawei Technologies, Ciena Corporation, Alcatel Lucent, Infinera, Cisco
systems, ADTRAN, ADVA Optical Networking, Ericsson, and ZTE Corporation.
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Some of the protuberant drivers supporting the
growth of global Optical Network Hardware market are identified as, growing
demand of fiber optic network for datacenters, advancement in Li-Fi wireless
connectivity and increased FTTH broadband internet penetration. However, lack
of infrastructure in developing and under-developed countries and higher cost
of transition and maintenance from existing cable are some of the restraining
factor for the Optical Network Hardware market.
Segmentation
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.
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