The optical networking and communications market is expected to witness appreciable growth potential over the forecast period due to the increasing need for faster and reliable communication. Optical networks enable high speed communication through data via light as optic signals or infra-rays. Key industry verticals catering to the services of optical networking and communications solutions include manufactures, government, submarines, aerospace & defense, transportation, oil & gas, mining, telecom, healthcare, and energy & utilities.
Optical networks operate from the limited range of a local area network (LAN) covering a residential area, office, or a building, to wide area networks (WAN) and metropolitan area networks (MAN) for communicating across metros, countries, and continents. Optical communications’ ability to achieve extremely high bandwidth enables it to achieve very high speeds up to 100G, thereby driving the optical networking and communications market. Adoption of cloud-based services and the ever increasing deployments of datacenters has also surged the need for optical communication.
North America and Europe constitute key regional markets adopting optical networking and communications solutions owing to the presence of highly advanced telecommunications network, particularly in countries such as the U.S., Germany, the UK, and France. Asia Pacific is expected to witness high growth over the forecast period which can be attributed to growing number of mobile internet users and high household internet penetration in countries such as China, India, and Indonesia.
The optical networking and communications solutions can be segmented on the basis of technology, into Synchronous Digital Hierarchy (SDH) or Synchronous Optical Networking (SONET), Wavelength Division Multiplexing (WDM), and Fiber Channel.
The major players in optical networking and communications market are JDS Uniphase Corporation, Ciena, Cisco, Verizon, Alcatel Lucent, and Huawei.
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