Global Optical Wavelength Services Market was Valued at $3.3 Billion in 2018, and is Forecast to Reach $4.9 Billion by 2023
DUBLIN, April 25, 2019 /PRNewswire/ -- The "Optical Wavelength Services Market by Bandwidth (Less than 10 Gbps, 40 Gbps, 100 Gbps & More than 100 Gbps), Application (SONET, Ethernet & OTN), Interface (Short Haul, Metro & Long Haul), Organization Size & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global OWS market size is expected to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
The adoption rate of advanced technologies such as 5G and IoT is surging. The advent of the Internet of Things (IoT) and growing automation trends lead to continuous data traffic, which poses the challenge of fulfilling heavily-increased bandwidth requirements for large enterprises and SMEs. Wavelength services can offer security and dependability of private network and possess high bandwidth for carriers, thus stimulating the demand for higher bandwidth services resulting in the growth in OWS market.
The major key and innovating vendors of the OWS market include Allstream Inc. (Allstream), AT&T, Bell Canada, CenturyLink, Colt Technology Solution (Colts), Comcast, Cox Communications, Crown Castle, GTT Communications, Interoute, Nokia, Spectrum Enterprise, Verizon, Windstream, and Zayo Group.
Among interface segment, the Ethernet interface to account for the highest market share during the forecast period
Ethernet accounts for the highest market share in OWS, as it is a cost-effective option for server connectivity. As compared to other interfaces, i.e. OTN and SONET, Ethernet has the highest number of installations and offers top cost performance among others. Gigabit Ethernet is the extended version of Ethernet which can offer tenfold speed than the traditional Ethernet. Wavelength services enable high bandwidth gigabit Ethernet network connections to be deployed faster.
Among application segment, the metro applications to dominate the market during the forecast period
The increasing bandwidth demand and connectivity between Data Centers (DCs) along with the adoption of consumer 4K and higher video content and services on a number of devices are major drivers for the adoption of metro applications. Most of the service providers are looking forward to increasing the wavelength speed by moving to metro applications.
Among regions, North America to grow at the highest CAGR during the forecast period
North America is expected to grow at the highest CAGR among all regions, due to presence of prominent OWS providers, such as Zayo, Verizon, GTT, CenturyLink, and AT&T in the region, while Asia Pacific (APAC) is expected to be the major contributor to the OWS market, due to increasing demand for end-to-end wavelength services in the region. China, Japan, and India are some of theprominent countries with strong fiber optic infrastructures in APAC.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Currency Considered 1.6 Stakeholders
2 Research Methodology 2.1 Research Data 2.2 Market Size Estimation 2.3 Assumptions for the Study 2.4 Microquadrant Methodology 2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Global Optical Wavelength Services Market 4.2 Market By Interface, 2018 4.3 Market in North America, By Interface and Application 4.4 Market in Asia Pacific, By Interface and Application
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Minimizing Capital Expenses and IT Resources 5.2.1.2 Increasing Demand for the Internet 5.2.1.3 Growing Bandwidth-Intensive Applications 5.2.2 Restraints 5.2.2.1 Evolving Standards 5.2.3 Opportunities 5.2.3.1 Advances in Technologies Such as IoT and 5G 5.2.4 Challenges 5.2.4.1 Need for Virtual Connectivity to Multiple HUB Sites 5.2.4.2 Less Incremental Bandwidth Options 5.3 Use Cases
6 Optical Wavelength Services Market, By Bandwidth 6.1 Introduction 6.2 Less Than and Equal to 10 Gbps 6.2.1 Limited Application Areas Within 10 Gbps Bandwidth to Affect the Market Growth 6.3 40 Gbps 6.3.1 Wavelength Services for 40 Gbps Data Rate to Be Among the Fastest-Growing Bandwidth Opting Services 6.4 100 Gbps 6.4.1 Large Enterprises to Be the Major Deplorers for 100 Gbps Data Rate 6.5 More Than 100 Gbps 6.5.1 Rising Demand for Higher Bandwidths to Drive the Market Growth
7 Optical Wavelength Services Market, By Interface 7.1 Introduction 7.2 Sonet 7.2.1 Sonet to Act as One of the Popular Interfaces in the OWS Market 7.3 OTN 7.3.1 Upgrading Technologies Such as OTN to Drive the Growth of the OWS Market 7.4 Ethernet 7.4.1 Ethernet to Have the Highest Number of Installations Due to Its Cost-Efficient Nature
8 Optical Wavelength Services Market, By Application 8.1 Introduction 8.2 Short Haul 8.2.1 Need for Short-Distance Transmission to Drive the Adoption of Short Haul Applications 8.3 Metro 8.3.1 Metro Applications to Drive the Overall OWS Market 8.4 Long Haul 8.4.1 Long Haul Applications to Hold A Significant Market Share in the OWS Market
9 Optical Wavelength Services Market, By Organization Size 9.1 Introduction 9.2 Small and Medium-Sized Enterprises 9.2.1 Growing Number of Startups to Help SMEs Witness Strong Growth Rates 9.3 Large Enterprises 9.3.1 Strong Technical Adoption and Pre-Dominant Investment Scenarios to Lead Large Enterprises in the OWS Market
10 Optical Wavelength Services Market, By Region 10.1 Introduction 10.2 North America 10.2.1 United States 10.2.1.1 Advanced Wavelength Technologies Developed By Regional Players to Boost the OWS Market in the US 10.2.2 Canada 10.2.2.1 Expansion By Regional Service Providers to Boost the OWS Market in Canada 10.3 Europe 10.3.1 United Kingdom 10.3.1.1 Increasing Investments By Networking Service Providers to Boost the UK Market 10.3.2 Germany 10.3.2.1 Expansion of Existing Fiber Optic Infrastructure By Various Networking Players to Create A Favorable Ecosystem for OWS Providers in Germany 10.3.3 France 10.3.3.1 Use of Advanced Technology to Help France-Based Optical Service Providers in Offering Efficient Services to Customers 10.3.4 Rest of Europe 10.4 Asia Pacific 10.4.1 China 10.4.1.1 Government Initiatives Combined With Private Player Optical Fiber Deployments to Drive the Chinese OWS Market 10.4.2 India 10.4.2.1 Improved Fiber Backhaul in India to Drive the OWS Market in India 10.4.3 Japan 10.4.3.1 Implementation of Advanced Technologies and Development of Networking Infrastructure to Drive the Japanese OWS Market 10.4.4 Rest of Asia Pacific 10.5 Latin America 10.5.1 Brazil 10.5.1.1 Increasing Fiber Optic Deployment to Drive the Brazilian OWS Market 10.5.2 Mexico 10.5.2.1 Developing Optical Wavelength Technologies to Boost the OWS Market in Mexico 10.5.3 Rest of Latin America 10.6 Middle East and Africa 10.6.1 Middle East 10.6.1.1 Ongoing Developments With Regard to Enterprises to Boost the Market Growth in the Middle East 10.6.2 Africa 10.6.2.1 Upcoming Internet Penetration to Be the Major Focus Area for Africa to Look Upon
11 Competitive Landscape 11.1 Competitive Leadership Mapping 11.1.1 Visionary Leaders 11.1.2 Innovators 11.1.3 Dynamic Differentiators 11.1.4 Emerging Companies 11.2 Strength of Product Portfolio 11.3 Business Strategy Excellence
12 Company Profiles 12.1 Introduction 12.2 Zayo 12.3 Nokia 12.4 Verizon 12.5 GTT 12.6 Centurylink 12.7 AT&T 12.8 Sprint 12.9 Comcast 12.10 Crown Castle 12.11 Windstream 12.12 Charter Communications 12.13 Colt Technology 12.14 COX Communications 12.15 Jaguar Network 12.16 Carrierbid
For more information about this report visit https://www.researchandmarkets.com/r/gvbgox
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