Dublin, March 26, 2019 (GLOBE NEWSWIRE) -- The "Optical Networking and Communication Market (2014-2024)" report has been added to ResearchAndMarkets.com's offering.
This study predicts that the optical networking and communication market will grow with a CAGR of 7.6% during the forecast period. It is also being expected that by 2024, the market will generate a revenue of $40.3 billion. The growing demand for networks with high bandwidth and the arrival of machine-to-machine (M2M) and internet of things (IoT) technologies are the major growth-driving factors.
When segmented by component, the domain can be categorized into services, software, and hardware. Among these, the hardware category is witnessing the highest demand, as advanced hardware is capable of transmitting data at high speeds, which is needed to sustain 5G and the increasing data traffic. Other factors driving the hardware category of the optical networking and communication market are regular maintenance and updates in the field. Technologically advanced hardware fulfils all the demands of enhanced networking infrastructure, including high data transfer rate, but low power consumption, latency, and cost.
Further, optical transceivers, optical fibers, optical amplifiers, optical splitters, optical circulators, optical switches, and others are the various subdivisions within the hardware category. Among these, optical fibers are estimted to generate the highest revenue in 2018 and also grow the fastest in the future. The increasing use of optical fibers in machine testing, medicine, research, communication, computer networking, and other sectors is expected to fuel its progress in the optical networking and communication market during the forecast period.
However, a key trend across the globe is the implementation of optical networks bereft of optical fibers! Making use of the open-air optical technology, such networks carry out what is known as wireless optical transmission. In this, the data and voice, in the form of optical signals, are converted from and to wireless radio frequency signals by multiple hubs. This technology helps transmit data at high speeds without costing too much and also makes the addition of new subscribers possible via multiplexing. Presently, wireless optical transmission is mostly used by large, established firms, but in the future, it is expected to be adopted by smaller companies as well.
Presently, the competition in the optical networking and communication market is quite intense. Key players, such as Infinera Corporation, Fujitsu Limited, ZTE Corporation, Corning Incorporated, Ciena Corporation, and ADVA Optical Networking SE, are leaving no stone unturned in coming up with innovative products. For example, the primary focus of ZTE Corporation is strengthening its market position by investing heavily in network virtualization and 5G products. Similarly, Corning Incorporated has its optical communications segment as its main focus area.
Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Component
1.3.2 Market Segmentation by Network Connectivity
1.3.3 Market Segmentation by End-User
1.3.4 Market Segmentation by Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Hardware
4.1.1.1.1 Optical Fibers
4.1.1.1.1.1 Single-Mode Fiber
4.1.1.1.1.2 Multimode Fiber
4.1.1.1.2 Optical Transceivers
4.1.1.1.3 Optical Amplifiers
4.1.1.1.4 Optical Switches
4.1.1.1.5 Optical Splitters
4.1.1.1.6 Optical Circulators
4.1.1.1.7 Others
4.1.1.2 Software
4.1.1.3 Services
4.1.2 By Network Connectivity
4.1.2.1 Access
4.1.2.2 Metro
4.1.2.3 Long-haul
4.1.3 By End-User
4.1.3.1 Telecommunication
4.1.3.2 Government
4.1.3.3 Commercial
4.1.3.4 Industrial
4.1.3.5 Broadcasting
4.1.3.6 Data Centers
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing inclination toward wireless optical networks
4.3.2 Drivers
4.3.2.1 Growing demand for high bandwidth
4.3.2.2 Emergence of IoT and M2M
4.3.3 Restraints
4.3.3.1 Lack of skilled professionals
4.3.4 Opportunities
4.3.4.1 Leveraging 5G networks to enhance networking
4.3.4.2 Growing mobile data traffic
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 By Hardware Type
5.1.1.1 By Optical Fiber Type
5.2 By Network Connectivity
5.3 By End-User
5.4 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 List of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Major Players
11.5 Global Strategic Developments of Key Players
11.5.1 Mergers and Acquisitions
11.5.2 Partnerships
11.5.3 Product Launches
11.5.4 Facility Expansions
11.5.5 Client Wins
11.5.6 Other Developments
Chapter 12. Company Profiles
12.1 ADVA Optical Networking SE
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Ciena Corporation
12.3 Cisco Systems Inc.
12.4 Corning Incorporated
12.5 FiberHome Telecommunication Technologies Co. Ltd.
12.6 Fujitsu Limited
12.7 Huawei Technology Co. Ltd.
12.8 Infinera Corporation
12.9 Viavi Solutions Inc.
12.10 Nokia Corporation
12.11 ZTE Corporation
For more information about this report visit https://www.researchandmarkets.com/research/jkh3x8/40b_world?w=12
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