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Optical Networking and Communication Market 2018-2023 Demand and Opportunities With Key Players - Huawei Technologies, Cisco, Verizon, Ericsson, Alcatel-Lucent Enterprise and Ciena

12-13-2018 06:44 PM CET | Media & Telecommunications

Press release from: P&S Intelligence

Optical Networking and Communication Market 2018-2023 Demand

Optical networking and communication market includes optical components such as multiplexers, lasers, photo detectors and others. Optical components in optical networking and communication are used to adjust state of light through various means such as changing intensity, reflection, refractive index and others. A considerable amount of research and development efforts has been spent over the last few decades to add functionality in optical networking and communication market.

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Increasing demand for high bandwidth is accelerating the growth of optical networking and communication market. Fiber optic cables that are generally used in optical networking and communication market are capable of achieving extremely high bandwidth. Increase in data traffic can create congestion that can be optimized by using high bandwidth and appropriate frequency in optical networking and communication system.

Factors driving the growth of optical networking and communication market are large bandwidth provided by WDM at comparatively lower cost per unit, increasing telecom industries, industry growth for broadband subscribers, rise in adoption of cloud based services, growing deployment for data or call centers, growing demand for 100G and others. Some of the factors restraining the market are high cost of installation, lack of product knowledge to end users, inadequate incorporation of synchronous optical network layers. Due to growth of automation and infrastructure there exist ample growth opportunities for optical networking and communication market.

On the basis of geography, Europe is the largest market, in terms of revenue, for the optical networking and communication. North America and Asia-pacific regions (including India, Russia, Japan and Middle East) are the potential markets for the expansion of optical networking and communication that provide momentum to the development of optical networking and communication market due to rapid growth of power generation and infrastructure.

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Some of the major competitors in the optical networking and communication market are Huawei Technology Co. Ltd, Cisco systems, Verizon Communications Inc, Ericsson Inc, Alcatel-Lucent, Inc., CIENA Corporation, JDS Uniphase Corporation, Macom technology Solutions Holdings Inc.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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