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(MoneyNewsWire.Net, April 04, 2018 ) The global optical network hardware market is anticipated to grow rapidly and will post a CAGR of close to 13% during the forecast period. The growing demand for data centers will drive the growth prospects for the global optical network hardware market for the next four years. According to the market research information, the preference for new optical modules to meet the demand for high bandwidth, low power, and wider reach is increasing with the rising number of data centers across the globe. Moreover, the demand for fiber-optic network is also increasing since these data centers increasingly witness a growing data traffic and reliance on cloud technology. As a result, the need for data management and the demand for the latest fiber channel speed steps with high duplex throughput increases. For instance, Google’s data center located in Council Bluffs, Iowa, is connected to Google websites through a fiber-optic network and can run at a speed that is 2,00,000 times faster than a typical US home internet.
The development of smart cities will drive the growth prospects for the global optical network hardware market until the end of 2021. The development of smart home cities accelerates the demand for Wi-Fi technology, which, in turn, propels the demand for optical network equipment as Wi-Fi routers and cellular devices are required to assist in connecting electronic devices over a wireless network. As a result, a vast lane of fiber-optic cables for high-speed Internet is used to connect routers to the Internet.
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Competitive landscape and key vendors
The global optical network hardware market is highly competitive and diversified due to the presence of a large number of regional and international vendors. According to the industry research report, a large number of vendors are increasingly focusing on research and developmental activities to come up with better innovative systems. Furthermore, they are increasingly focusing on expanding their geographical presence and expansion of their customer base.
Key vendors in this market are -
Huawei
Infinera
Alcatel-Lucent
Ciena
Cisco
Other prominent vendors in the market include ADTRAN, ADVA Optical Networking, Ericsson, NEC, Nokia Solutions and Networks, Padtec, TE Connectivity, and ZTE.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
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