Long haul solutions market is expected to grow at a CAGR of ~9.2% by 2031

Long haul solutions market was valued ~US$ 6.1 Bn in 2020, and is expected to grow at a CAGR of ~9.2% during the forecast period 2021-2031. Long haul solutions enable smooth network transfer from its time-division multiplexing networks to all-IP networks, accomplishing the rising capacity requirement, while maintaining revenue generation from 3G or 2G services without disruption.

Long haul solutions is a multipurpose and cost-effective microwave radio solution for long-distance and high-capacity telecommunication networks. The proliferating penetration of network technologies is creating potential opportunities for the growth of the long haul solutions sales.

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What is Driving Demand for Long Haul Solutions?
The extensive usage of fiber optics communication is rapidly increasing the demand for telecommunication capacity and internet services, which is contributing to the growth of long haul solutions sales. Rapid developments in the telecommunication infrastructure of various emerging economies around the world is supporting the demand for long haul solutions.

Long haul solutions helps minimize downtime and enhance production and also aids to bridge the digital gap cost effectively and quickly by enabling smooth migration to all-IP networks. With long haul solutions, colocation providers, over-the-top (OTT) providers, and service providers connect various customers to large colocation sites through cities and countries, thereby fueling the demand for long haul solutions across geographies.

How Investments in the Telecommunication Infrastructure Impacting Long Haul Solutions Demand
Increase in adoption of optical communication, reduction in capital investment, and rising demand for fast and reliable communication networks, are some key factors augmenting the demand for long haul solutions. The global long haul solutions demand is expanding owing to noteworthy innovations in telecommunication sector and rapid rise in constant developments. Several companies are making significant investments to develop appropriate technology for IT & telecom industry.

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Furthermore, the extensive usage of fiber optics communication is rapidly increasing the demand for telecommunication capacity and internet services, which is contributing to the growth of long haul solutions adoption rate. Rapid developments in the telecommunication infrastructure of various emerging economies around the world is supporting the demand for long haul solutions.

North America Demand Outlook for Long Haul Solutions
The North America region has emerged as a major cloud computing hub, and data center, which has ultimately made the region the largest consumer of long haul solutions. With high demand for data communication; robust presence of major companies in the region; increased use of communication devices, such as tablets and smartphones, as well as the increasing deployment of data centers and growing market for wearable devices drive the growth of long haul solutions in this region.

Who are the Key Long Haul Solutions Providers?
Some of the leading providers of long haul solutions include

Timbercon, Inc.
Cisco Systems, Inc.
Corning Incorporated
Ceragon
Juniper Networks
CenturyLink, Inc.
OFS Fitel, LLC, among others.
Long-term agreements with business partners are expected to escalate revenue and new innovation strategies, which is likely to enable the providers of long haul solutions to reach new growth markets. Moreover, continuous technological innovations and the acquisition of businesses are also expected to help the providers of long haul solutions create value for their shareholders and to accelerate revenue growth.

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Key Segments

By Network Type:
Point-to-Point Network
Point-to-Multipoint Network
Hub Network
Ring Network

By Enterprise size:
Small & Medium Enterprises (SMEs)
Large Enterprises
By Application:
Enterprise Data Links
Service Provider Transmission Links & Networks
By Industry:
IT & Telecom
Manufacturing
Government
Oil & Gas
Aerospace & Defense
Mining
Other

By Region:
North America
US
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
UK
France
Germany
Italy
Spain
BENELUX
Russia
Rest of Europe

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This release was published on openPR.