[April 16, 2013] Research and Markets Adds Report: Global ROADM Component Market 2012-2016 Tweet Apr 16, 2013 (Close-Up Media via COMTEX) -- Research and Markets has announced the addition of the "Global ROADM Component Market 2012-2016" report to its offerings. In a release, Research and Markets noted that report highlights include: One of the key factors contributing to this market growth increasing need to manage network traffic. The Global ROADM Component market has also been witnessing growing popularity of ROADM components in China. However, worsening economic conditions could pose a challenge to the growth of this market. Key vendors dominating this space include JDSU Corp., Finisar Inc., and CoAdna Holdings Inc. Other vendors mentioned in the report are Nistica Inc., Oclaro Inc., Oplink Communications Inc., and NeoPhotonics Corp. Brocade Communications Systems Inc. Commenting on the report, an analyst from TechNavio's Networking team said: ''The main trend being witnessed by the market is the strong adoption of ROADM components in China over the past few years. China has been increasingly investing in fiber optic networks and despite the lower penetration rate it already has the second highest number of FTTH subscribers globally and this number is expected to increase significantly in the coming years. The Chinese government is also providing incentives to optical network equipment manufacturers, which is further fueling the adoption of optical networks by service providers.'' According to the report, the main factor driving the market is the increasing need to manage network traffic. The usage of data services such as video streaming, online games, etc. has led to exponential growth in network traffic. ROADM components are extremely efficient in managing network traffic and are being widely adopted by service providers to manage the rapid growth in network traffic. Further, the report states that the main challenge faced by the market is the declining spending by service providers. Since many end-users are enterprises and service providers, any fluctuations in the economic conditions of the market lead to reduced sales. The report also includes a discussion on the other prominent vendors in this market,such as Nistica Inc., Oclaro Inc., Oplink Communications Inc., and NeoPhotonics Corp. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]