Optical Networking and Communication Market - Technology, Revenue, Competitive Analysis, Demand and Opportunities by 2023
Optical networking and communication market study refers to the type of communication network in which transmission of data or information takes place through optical fiber as the communication medium. Optical communication merely uses light for transmission and is the only initial step in optical networking. Optical networking and communication market includes optical components such as multiplexers, lasers, photo detectors and others.
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Increasing demand for high bandwidth is accelerating the growth of optical networking and communication market. Fiber optic cables that are generally used in optical networking and communication market are capable of achieving extremely high bandwidth. Increase in data traffic can create congestion that can be optimized by using high bandwidth and appropriate frequency in optical networking and communication system. A fiber optic cable used in optical networking and communication has less attenuation and dispersion thus making light to travel long distances with less scattering losses and crosstalk.
Factors driving the growth of optical networking and communication market are large bandwidth provided by WDM at comparatively lower cost per unit, increasing telecom industries, industry growth for broadband subscribers, rise in adoption of cloud based services, growing deployment for data or call centers, growing demand for 100G and others.
Some of trends in optical networking and communication market are increasing mobile internet users, fiber and optical long haul deployments and others.
Some of the major competitors in the optical networking and communication market are Huawei Technology Co. Ltd, Cisco systems, Verizon Communications Inc, Ericsson Inc, Alcatel-Lucent, Inc., CIENA Corporation, JDS Uniphase Corporation, Macom technology Solutions Holdings Inc.
