Optical Networking and Communications Market worth $25.97 Bn by 2020
- According to a New Study on ASDReports
According to a new market research report, now available on ASDReports, “Optical Networking and Communications Market by Technology (Wavelength Division Multiplexing (WDM), Synchronous Optical Networking (SONET)/ Synchronous Digital Hierarchy (SDH) and Fiber Channel), by verticals (Aerospace and Defense, Government, Manufactures, Submarine, Mining, Transportation, Oil and Gas, Healthcare, Telecom, Energy and Utilities) and by Geography - Global Trends & Forecasts to 2014 - 2020” the total market is expected to generate revenue of $12.55 billion in 2013 and is expected to reach $25.97 billion by 2020, at an estimated CAGR of 10.5% from 2014-2020.
Optical networking and communications uses optical fiber which has many benefits over cooper wire with respect to its speed, bandwidth, distance, resistance and maintenance. Fiber optic cables operate at a high speed which ranges into the gigabits. Its bandwidth consists of large carrying capacity as compared to copper wire. The Optical networking and communications market is, at present, witnessing a spree of mergers, partnerships, and acquisitions among market players, which is resulting in a wide range of challenges and opportunities.
Optical Networking and Communications Market - Global Trends & Forecasts to 2014 - 2020
Optical networking and communications technology types are Wavelength Division Multiplexing (WDM), Synchronous Optical Networking (SONET)/ Synchronous Digital Hierarchy (SDH), Fiber Channel and others. Applications of Optical networking and communications are Aerospace and Defense, Government, Manufactures, Submarine, Mining, Transportation, Oil and Gas, Healthcare, Telecom, Energy and so on. This report covers geographical regions which include North America, Europe, Asia-Pacific and, the Rest of the World (ROW).
Europe is the largest geography in terms of market revenue for the Optical networking and communications market. APAC, North America, and ROW are also considered promising markets, along with China, Japan, India and the Middle East which provide impetus to the growth.
The major drivers for Optical networking and communications market are increased demand for 100g, growing datacenter deployments, and rising adoption of cloud-based services. There are some restraints in the market such as high infrastructure cost and lack of product knowledge to end users. There is rapid growth Optical networking and communications due to growth of infrastructure and automation are the key opportunities for the Optical networking and communications market.
The report profiles promising major players with a SWOT analysis of key players in the Optical networking and communications market. The competitive landscape of the market presents an interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a series of new product launch announcement and partnership across the value chain. The major companies in Optical networking and communications market are Alcatel Lucent (France), Cisco (U.S.), Verizon (U.S.), Huawei (China), JDSU (U.S.), and Ciena (U.S.)and many more.
Source : ASDReports - Market Research - view original press release