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Optical Communication and Networking Market - Global Forecast to 2023 - Growing Data Center Deployments - Research and MarketsThe "Optical Communication and Networking Market by Component, Technology, Application and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering. The optical communication and networking market is expected to grow from USD 15.11 billion in 2017 to USD 24.12 billion by 2023, at a CAGR of 8.1% between 2017 and 2023. The growth of this market is driven by the rising adoption of cloud-based services and virtualization, and increasing internet penetration and data traffic. The major restraint for this market is the high initial investment and increasing network complexity. The market for fiber channel is expected to grow at the highest CAGR during the forecast period. Fiber channels ensure that all storage data arrives at its network destination without loss at extreme throughput and low latency while operating at high utilization rates without data collisions or the need for retransmission. The market for optical switches is expected to lad the market between 2017 and 2023. Data communication networks make use of optical fibers due to their large bandwidth requirement. Optical switches are used in fiber optic transmission systems for the development of the optical network. Optical switches enable reduction in the number of network equipment, increase the switching speed, and reduce power consumption. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Optical Communication and Networking Equipment Market, By Component 7 Optical Communication and Networking Equipment Market, By Technology 8 Optical Communication and Networking Equipment Market, By Application 9 Geographic Analysis 10 Competitive Landscape 11 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/wnvbzg/optical View source version on businesswire.com: http://www.businesswire.com/news/home/20171026005689/en/ |
