Global Market Insights adds global Optical Wavelength Service Market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
On the basis of application, optical wavelength service market is segregated into three types, ‘Ethernet, OTN and SONET’. Ethernet is expected to get the significant market share during the forecasted period due to its cost effectiveness feature for the server connectivity purpose, as compared to other interfaces. Ethernet offers better speed connectivity and next version of Ethernet is Gigabit Ethernet offers ten time more speed over the traditional version. Along with this, it provides the facility of faster deployment which helps organizations to implement new network providing schemes at faster speed.
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Optical Wavelength Service Market size is poised to rise at significant CAGR from 2019 to 2025 driven by technological developments in the field of Internet of Things (IoT), 5G and automation. The automation in industries such as BFSI, retail, and healthcare are leading to the generation of heavy data traffic by large firm and SMEs. This will give rise to the challenge of heavily multiplied bandwidth requirement for serving the heavy data demand. The OSW offers safety and dependability of private network and high bandwidth for carrier network, resulting in the increase of demand for higher bandwidth services.
The rising speed of internet service is leading to the rise in the maintenance cost of the systems. In optical wavelength service market, Ethernet has the highest market potential due to its cost effectiveness of server connectivity compared to other options such as Optical Transport Network (OTN) and Synchronous Optical Network (SONET). Gigabit Ethernet service is the next generation of Ethernet service, which offers ten times more speed as compared to the traditional Ethernet services. The optical wavelength service enables high bandwidth gigabit Ethernet network to deploy at faster speed.
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Optical wavelength service market can be segmented on the basis of interface: Short haul, Long haul and Metro. The Metro is expected to grow at very high speed due to the increasing bandwidth demand and connectivity between the data centers, furthermore the increasing adoption of the consumer 4K and higher video content on various devices such as smartphones, PCs, and tablets. Majority of the service provider are looking towards the increasing wavelength speed by the adopting to the metro applications.
North America is expected to dominate the optical wavelength service market over the projected time due to the growing demand of high-speed connectivity and communication in the industrial sector. The growing demand of end to end wavelength services is expected to motivate the growth of the sector in the region. The growing usage in financial data transfer, LAN & WAN connectivity, and offset backup data, along with this the presence of major key players such as Verizon and GTT are driving the growth of the market in the region during the forecasted period.
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The presence of large number of IT businesses in the region and rising demand for the end to end wavelength services is very high, driving the growth of this sector in the region. Many developing country’s government are taking initiatives to encourage the development of the communication infrastructure in their respective countries, which are also driving the growth of the optical wavelength service market. Countries such as India, China, and Japan are some of the prominent countries in the optical wavelength service development field in the APAC region.
The key players in the field of optical wavelength service market are Zayo Group, Nokia, Verizon, GTT, CenturyLink, AT&T, Sprint, Comcast, Colt Technology Solution, Crown Castle, Windstream Enterprises, Charter Communications, Cox Communications, and Jaguar Networks.
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