11:38 AM The changing dynamics Optical Communication and Networking Equipment Market with covid-19 impact assessment |
| The dumbfounding developments in the overall business zones considering the alarming appearance of the COVID-19 destroying have given many major and minor shakes to tries of all sizes including Optical Communication and Networking Equipment Market.
It was researched going before this terrifying send Optical Communication and Networking Equipment Market will show up at CAGR of 8.5% during the measure time stretch. Regardless, the reformist dropping down of attempts will without a doubt control limits on the beginning late considered improvement rate.
Optical Communication and Networking Equipment Market Insights
Optical communication and networking equipment market is likely to witness an impressive CAGR of 8.5% during the forecast period. Increasing usage of cloud-based services and virtualization along with increasing data traffic and data centers due to increased internet usage is the major factor contributing to the demand for optical communication and networking equipment market.
Market Share Analysis
Optical Communication and Networking Equipment Market Share: By Technology Type
Based on the technology type, the market is segmented as SDH, WDM, CWDM, DWDM, and fiber channel. The WDM segment held the largest share of the market in 2019, whereas the fiber channel segment is expected to show the highest growth during the forecast period. Huge investments by the key manufacturers to build WDM ROADM-based optical equipment to provide faster and higher transmission capacity networks to their customers is the major factor behind the dominance of the WDM segment.
Optical Communication and Networking Equipment Market Share: By Data Rate Type
Based on the data rate type, the optical communication and networking equipment market is segmented as up to 40 Gbps, more than 40 Gbps to 100 Gbps, and more than 100 Gbps. Optical communication and networking devices with a data rate of up to 40 Gbps are employed to provide data security in internet service providers (ISPs), data center interconnect (DCI), and enterprise networks. They also provide large multipoint multiprotocol label switching (MPLS), metro ethernet, and storage networks, which is driving the growth of the segment.
Optical Communication and Networking Equipment Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. The region is the major hub of consumer electronics along with automobiles, and industrial verticals. Rising connectivity solutions from 3G to 4G technology, increasing spending for the development of 5G mobile technologies, increasing adoption of smartphones, growing number of internet users, and increasing bandwidth-intensive applications are the major growth drivers of the region’s market. Increasing investments in R&D activities, and rising focus of IT companies on the growth of big data analytics and cloud-based services in the region are expected to further fuel the growth of this market.
Attachments: Image 1 |
|
|
| Total comments: 0 | |