[February 24, 2017] |
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Global Optical Network Hardware Market - Drivers and Forecast from Technavio
Technavio
analysts forecast the global
optical network hardware market size to grow to USD 24.99
billion by 2021, at a CAGR of close to 13% over the forecast period,
according to their latest report.
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Technavio has published a new report on the global optical network hardware market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
optical network hardware market for 2017-2021 provides detailed
industry analysis based on communication type (wave division
multiplexing (WDM) and synchronous optical networking or synchronous
digital hierarchy (SONET/SDH)) and geography (the Americas, EMEA, and
APAC).
Wave division multiplexing dominates the global optical network
hardware market, generating over 81% of the overall revenue. The
dominance is primarily driven by China's investments towards the
development of broadband infrastructure, with a focus on 100G
fiber-optic internet connections.
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sections of the report including the market size and forecast, drivers,
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Technavio analysts highlight the following three factors that are
contributing to the growth of the global optical network hardware market:
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Growing mobile data traffic
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High demand for data centers
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Development of 5G network
Growing mobile data traffic
"The global smartphone and tablet markets have been witnessing
impressive growths, leading to a surge inbroadband requirements. Optical
fiber infrastructure is being deployed across the globe to meet the
demand for high-speed broadband," says Sunil Kumar Singh, one of
the lead analysts at Technavio for embedded
system research.
Optical fiber networks connect to cell towers where
radio-frequency photons are converted to infrared photons to ensure
efficient and effective transfer of data to all-fiber networks. The
demand for these fiber networks and the hardware associated with it will
accelerate over the forecast period, thereby driving market growth.
High demand for data centers
Optical networking is becoming a core part of storage area networking
and business connectivity solutions, which is mainly enabled by the
wide-scale adoption of data
centers. The rise in demand for high bandwidth, low power, and
wide reach data centers is pushing for the adoption of new optical
modules. The latest data centers require optical fiber modules to
connect servers and switches to accommodate the growing data traffic and
adoption of cloud solutions. The need for the latest fiber channel speed
stops to ensure efficient data management in data centers will drive the
demand for optical network hardware.
Development of 5G network
"5G is designed to meet the growing demand for optimized wireless
network technology, supporting high-speed data transmission in cellular
networks. The technology is still in development phase, with testing
underway in countries such as Finland, Russia, and South Korea. This
technology is projected to increase internet speed by up to 40 times,"
says Sunil.
5G's network infrastructure requires low latency, power consumption, and
cost, with higher capacity in terms of data transfer. Optical network
hardware is a perfect fit for the 5G requirements, creating a massive
demand for optical fiber networks and driving the growth of the market.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170224005220/en/
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