Optical Wavelength Service Market Report 2020| Regional Analysis & Growth Forecast to 2025
On the basis of application, optical wavelength service market is segregated into three types, ‘Ethernet, OTN and SONET’. Ethernet is expected to get the significant market share during the forecasted period due to its cost effectiveness feature for the server connectivity purpose, as compared to other interfaces. Ethernet offers better speed connectivity and next version of Ethernet is Gigabit Ethernet offers ten time more speed over the traditional version. Along with this, it provides the facility of faster deployment which helps organizations to implement new network providing schemes at faster speed.
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The rising speed of internet service is leading to the rise in the maintenance cost of the systems. In optical wavelength service, Ethernet has the highest market potential due to its cost effectiveness of server connectivity compared to other options such as Optical Transport Network (OTN) and Synchronous Optical Network (SONET). Gigabit Ethernet service is the next generation of Ethernet service, which offers ten times more speed as compared to the traditional Ethernet services. The optical wavelength service enables high bandwidth gigabit Ethernet network to deploy at faster speed.
The optical wavelength service works on the principal of Dense Wavelength Division Multiplexing (DWDM) to do the multiplex wavelength within a single fiber optic cable, for the easy transport the large files and data sets between the various departments of the data centers. This allows transport of data up to the 96 channels in a single strand of fiber, that provides higher capacity of data transformation at the lower cost. optical wavelength service is normally used for the financial transactions, medical, research, data intensive apps, and site mirroring.
Optical Wavelength Service Market By Bandwidth, 2020-2025 (USD Million)
• Less than 10 Gbps
• 40 Gbps
• 100 Gbps
• More than 100 Gbps
Optical Wavelength Service Market By Application, 2020-2025 (USD Million)
Optical Wavelength Service Market By Interface, 2020-2025 (USD Million)
• Short Haul
• Long Haul
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North America is expected to dominate the optical wavelength service market over the projected time due to the growing demand of high-speed connectivity and communication in the industrial sector. The growing demand of end to end wavelength services is expected to motivate the growth of the sector in the region. The growing usage in financial data transfer, LAN & WAN connectivity, and offset backup data, along with this the presence of major key players such as Verizon and GTT are driving the growth of the market in the region during the forecasted period.
The key players in the field of optical wavelength service market are Zayo Group, Nokia, Verizon, GTT, CenturyLink, AT&T, Sprint, Comcast, Colt Technology Solution, Crown Castle, Windstream Enterprises, Charter Communications, Cox Communications, and Jaguar Networks.
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