Technavio, a tech-focused industry research firm, has published a new report on the global optical network hardware market, which is predictable to grow at a CAGR of close to 13% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers sort the global optical network hardware market into the following main regions: the Americas, APAC, and EMEA.
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Optical network hardware market in the Americas: The significant surge in demand for fiber-optic connections from residential and commercial buildings will fuel the growth of the American market. The developments in the communication industry will increase the use of online gaming, social media, video chatting, and online shopping services leading to the increase in sales of optical network hardware in the American market.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on embedded systems, “The optical network hardware market in the Americas is driven by the high requirement for bandwidth in financial, media, and automation sectors in the urban areas. The growing demand for seamless data transmission will help revolutionize the market in the Americas over the next few years.”
Optical network hardware market in EMEA: The increasing demand for high bandwidth in MEA will fuel the growth in this region. The deployment of intelligent transport network by leading communication networks will boost the sale of these hardware devices in this region. The companies providing subsea and terrestrial connections between Western Europe and Greece via the Balkans and Italy will lead the market in EMEA during the forecast period.
Optical network hardware market in APAC: The growing requirement for high-speed connectivity and communications in countries like China, India, Malaysia, Singapore, and Taiwan will make APAC the fastest growing region in the global market. The abundant availability of 3G and 4G enabled smart devices will increase the use of Internet Protocol-based voice, data services, and video services in the region. Such services will fuel the demand for optical network hardware in the APAC market.
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The top vendors operating in the global optical network hardware 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Optical Network Hardware Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Nanosensors Market 2017-2021
- Global Fiber Optic Connectors Market 2016-2020
- Global Torque Sensor Market 2016-2020
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