Optical Network Hardware Market Size, Growth, Key Manufacturer Analysis and Forecast to 2023

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Market Research Future
Optical Network Hardware Market Research Report-
Forecast 2023
Global Optical Network Hardware market was valued
at USD 14 Billion in 2017. The market is
projected to reach market value of USD 32 Billion
by 2023, expanding at a CAGR of 13.85 over the
forecast period. The growth in cloud services,
increasing use of connected virtual devices, and
proliferation of mobile services of Wi-Fi, and 3G
or 4G technology are some of the major factors
driving the growth of optical networking.
However, lack of Infrastructure in developing and
under-developed countries and higher cost of
transition and maintenance from existing cable
are some factors hindering the market
growth. Optical networking is a technique which
carries digital information via light waves over
fiber optic cables. Advent of WDM supports in
transmitting data using multiple wavelengths of
light using different frequencies over a single
optical fiber. According to MRFR analysis, the
growth in cloud services, increasing demand of
high bandwidth services, and rising IoT has
driven the demand for optical transport
networking systems. The increasing usage of
internet for personal and commercial purpose by
consumers has increased the network traffic. To
address this issue, consumers are deploying
additional systems to existing optical networks.
Today, many applications have transformed from
function specific dedicated hardware platforms to
virtualized services deployed within cloud
datacenters. https//www.marketresearchfuture.com/
reports/optical-network-hardware-market-5446
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Market Research Future
Regional Analysis Optical network hardware market
is categorized based on region and is comprised
of North-America, Europe, Asia-Pacific and
Middle-East Africa. North American region is
dominating the market in the year 2017 and is
expected to remain the leading region over the
forecast period growing with 13 CAGR. The U.S.
and Canada are expected to be the prominent
regions of the North- America. Additionally,
Asia-Pacific region is expected to be the fastest
growing region mounting with 16.75 CAGR over the
forecast period. The increasing investment by
Asian government in building high capacity
network, increasing trend of broadband network,
and emerging datacenter market are some of the
factors driving the growth of optical network in
the region. Whereas, high installation cost of
optical network is expected to hamper the market
growth in Asia Pacific during forecast period
2017-2023. Access Full Report _at_
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al-network-hardware-market-5446
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Market Research Future
Market Segments Optical network hardware Market
is segmented by equipment and application. Based
on equipment, Optical network hardware market is
bifurcated into WDM and SONET/SDH. And on the
basis of application, the market is segmented
into broadband infrastructure, datacenter, fiber
optic network and smart cities. The global market
for broadband is increasing with the growing rate
of internet and smartphone penetration. Broadband
infrastructure comprise of wired technologies and
wireless technologies, out of which FTTP (Fiber
to the Premise) accounts for nearly 7 of global
broadband subscriptions, thereby increasing the
growth opportunity for optical network hardware
market. Request a Sample Report _at_
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t/5446
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Market Research Future
Major Players in this Research The prominent
players in Optical network hardware Market are
Huawei Technologies, Ciena Corporation, Alcatel
Lucent, Infinera, Cisco systems, ADTRAN, ADVA
Optical Networking, Ericsson, and ZTE
Corporation. Get More Information _at_
https//www.marketresearchfuture.com/press-release
/optical-network-hardware-industry
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Market Research Future
About Market Research Future At Market Research
Future (MRFR), we enable our customers to unravel
the complexity of various industries through our
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Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
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updated with technology and work process of the
industry, MRFR often plans conducts meet with
the industry experts and industrial visits for
its research analyst members. Know more
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