According to the estimations put forth by Inkwood Research, the Global Optical Communication & Network Equipment Market is estimated to project a CAGR of 7.52% in terms of revenue during the forecasting years of 2021-2028.
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Optical communication systems transfer
information optically through fibers. The building blocks of the optical
communications system are a transparent channel, a light signal, a
transmitter/receiver, and a modulator/demodulator. It is strongly dependent on
optical fibers to carry signals to the destinations.
Surging
Adoption of Cloud-Based & Visualization Services
Cloud computing has witnessed surging
adoption in the past decade. It has major potential, which lies majorly in the
data. Hence, data visualization becomes necessary. Also, more than 90% of businesses
are incorporating a multi-cloud environment. As per industry sources, 52% of
these plan to use or are already using a fully integrated hybrid environment.
This further facilitates consistency with regard to security policy and
minimizes the total costs.
Optical networking technology can play a
central role in realizing the cost-effective interconnection of many resources
over a hugely distributed computing environment. Particularly when cloud
solutions address the huge data exchange and processing. Moreover, businesses
need uninterrupted, well-designed, and fast internet connections for the
optimal use of the cloud. As a result, the high-speed performance of the
fiber-optic network is central to efficient cloud computing. Furthermore, the
fiber-optic network will aid the fast-paced transfer of information stored in
the cloud.
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WDM is the
Fastest-Growing and Largest Technology
WDM (Wavelength Division Multiplexing) is a
fiber-optic transmission technique that enables several optical signals to be
transmitted by a single fiber. Its working principle is similar to Frequency
Division Multiplexing (FDM).
The two types of WDM include CWDM (Coarse
WDM) and DWDM (Dense WDM). The former is used for short-range communications.
Hence, it deploys wide-range frequencies with far-spread wavelengths. Whereas
the latter is defined with regard to frequencies. Its tight wavelength spacing
enables the incorporation of more channels onto a single fiber.
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Europe is
the Fastest-Growing Region
One of the key growth drivers of the
European market is the demand for high bandwidth fiber optic cables for
communication and data services. This is further attributed to the demand for
high-data-rate, high-speed, and bandwidth-intensive applications. The other
growth drivers include the deployment of 5G infrastructure and the presence of
key players.
Innovations offer a sustainable competitive
advantage to market players. Also, companies have their own strategy and core
competencies, further intensifying the competitive rivalry. Ciena Corporation, ZTE
Corporation, Alcatel-Lucent Enterprise, Huwaei Technology Co Ltd, etc., are
among the prominent market players.
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About
Inkwood Research
Inkwood Research specializes in syndicated
& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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