Portland, OR -- (SBWire) -- 08/25/2017 --Synchronous optical network (SONET) is an optical fiber network, which encompasses point-to-point and ring network to provide high-speed networking solutions to various industry verticals. In addition, SONET offers a cost-effective medium to end users to transfer huge volume of data with the help of SONET optical carrier network (OCN).

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Increase in demand for digital data traffic over existing network boosts the growth of the synchronous optical network market. Furthermore, rise in demand for high-speed bandwidth fuels the market growth. However, high installation cost of optical networks hinders the market growth. Increase in cloud storage adoption by different organizations is expected to provide lucrative opportunity for the key players.

Synchronous optical networking market is segmented on the basis of hardware, industry vertical, and geography. Based on hardware, the market is divided into optical fiber, optical transceiver, fiber optic circulators, optical amplifiers, optical splitters, and others. By technology, it is bifurcated into time division multiplexing and dense wavelength division multiplexing. According to industry vertical, it is categorized into aerospace & defense, manufacturing, oil & gas, transportation, government, energy & utilities, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Cisco Systems Inc., Alcatel-Lucent Inc., Verizon Communications Inc., ADVA Optical Networking SE, Clena Corporation, Ericsson Inc., Fujitsu Ltd., Huawei Technology Co. Ltd., JDS Uniphase Corporation, and MRV Communications Inc. are some of the key players operating in the global synchronous optical networking market.

Key Benefits

- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global synchronous optical networking market.

- In-depth analysis is done by constructing market estimations for the key market segments between 2016 and 2023.

- This report entails the detailed quantitative analysis of the current market and estimations form 2016 to 2023, which assists to identify the prevailing market opportunities.

- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.

- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.