Press release
Global Optical Wavelength Services Market Estimated $6.27 Bn by 2026 | A report Zayo Group, Nokia, Verizon Wireless, CenturyLink, AT&T Intellectual Property, Sprint.com, COMCAST, Crown Castle, Windstream Communications and others
Wavelength Service provides fast internet or data service, which is usually delivered through fiber optic lines. They are mainly used by the companies who are related to telecommunication, ISP services and others. These services have speed range of 2.5Gbps to 10Gbps wavelengths. Increasing interest of population toward internet is fuelling the growth of this market.Market Analysis:
Global Optical Wavelength Services Market is expected to rise from its initial estimated value of USD 3.24 billion in 2018 to an estimated value of USD 6.27 billion by 2026, registering a CAGR of 8.61% in the forecast period of 2019-2026. Increasing demand for fast internet is the major factor for the growth of this market.
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Top Players:
• Zayo Group
• Nokia
• Verizon Wireless
• CenturyLink
• AT&T Intellectual Property
• Sprint.com
• COMCAST
• Crown Castle
• Windstream Communications
• Charter Communications
• Colt Technology Services Group Limited
• Cox Communications, Inc.
• Jaguar Network SAS
• CarrierBid Communications
• ADTRAN
• Huawei Technologies Co., Ltd
Key Developments in the Market:
• In January 2019, Zayo had collaborated with Oracle so that they can expand their CloudLink solutions. Now Zoya can access to Oracle Cloud through Oracle Cloud Infrastructure FastConnect which will allow them to connect oracle cloud anywhere. This will help the data and information to be secured by reducing the risk of public internet
• In October 2017, GTT Communications, Inc. announced that they have acquired Transbeam which is managed data and voice Service Company. The main aim is expand their business in managed hybrid networking. They want to expand their business in entertainment, hospitality and retail sectors
Get Detailed TOC https://databridgemarketresearch.com/toc/?dbmr=global-optical-wavelength-services-market
Market Drivers & Restraints:
• Increasing usage of internet among population is driving the growth of this market
• Technological advancement and development is driving the market
• Limited availability of incremental bandwidth is restraining the growth of this market
• Increasing demand for virtual connectivity is another major factor restraining the market
Segmentation:
Bandwidth
• Less Than and Equal to 10 Gbps
• 40 Gbps
• 100 Gbps
• More Than 100 Gbps
Interface
• Sonet
• OTN
• Ethernet
Application
• Short Haul
• Metro
• Long Haul
Organization Size
• Small and Medium-Sized Enterprises
• Large Enterprises
Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Competitive Analysis:
Global optical wavelength services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of optical wavelength services market for global, Europe, North America, Asia Pacific and South America.
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