Growing need for faster and reliable communication network among the population is the major factor that is driving the global optical networking and communication market.
Sarasota, FL -- (SBWIRE) -- 05/12/2017 -- Zion Market Research, the market research group announced the analysis report titled "Optical Networking and Communication Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Optical Networking and Communication Market: Overview
The optical network facilitates high-speed communication via infra-rays or optic signals. Local area network (LAN), wide area networks (WAN) and metropolitan area networks (MAN) operate using optical networking. Optical networking and communication facilities the flow of information worldwide. The major industries that are benefited from optical networking and communication are energy & utilities, aerospace & defense, manufacturers, healthcare, submarines, government, mining, transportation, and oil & gas.
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Global Optical Networking and Communication Market: Growth Factors
Growing need for faster and reliable communication network among the population is the major factor that is driving the global optical networking and communication market. This growth is expected to continue in the near future. The increasing acceptance of the cloud-based services and rising deployments of datacenters open up new growth opportunities. Rapid urbanization, automation, rising disposal income and increasing need for the fast network and social media are factors that are driving the market growth. Companies' are focusing on market expansion by adopting strategies such as acquisitions, mergers, partnerships, new product launch, new technology launch, and others. Telecom service provider companies are looking for ample growth opportunities in the global market which in turn is positively affecting the optical networking and communication market. However, lack of product knowledge and huge capital investment required for building infrastructure are restraining the global optical networking and communication market growth.
Global Optical Networking and Communication Market: Segmentation
The global optical networking and communication market is categorized based on the vertical which include healthcare, aerospace and defense, transportation, government, telecom, submarine, energy and utilities, manufacturers, oil and gas, and mining. On the basis of technology, the global market is classified into fiber channel, wavelength division multiplexing, and synchronous optical networking. The services segment is divided into consulting and deployment, training, and maintenance.
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Global Optical Networking and Communication Market: Regional Analysis
North America and Europe contributed to the largest market share in the global optical networking and communication market owing to the increasing demand for the optical networking and communication. Countries such as France, the US, the UK, and Germany are adopting optical networking and communication solutions due to the presence of advanced telecommunication network. Developing IT and networking industries in Europe and the North America is expected to fuel the market growth. Asia Pacific is anticipated to witness growth in the near future owing to high household internet penetration, power generation, and increasing number of mobile internet users in the countries such as Indonesia, China, and India.
Global Optical Networking and Communication Market: Competitive Players
Major players operating in the global optical networking and communication market include Huawei Technology Co. Ltd., JDS Uniphase Corporation, Alcatel Lucent, Inc., CIENA Corporation, Verizon Communications Inc., Cisco Systems, Inc., ADVA Optical Networking SE, Transmode, Ericsson Inc., MRV Communications Inc., and Fujitsu Ltd.
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Global Optical Networking and Communication Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa