Optical network hardware Market Is Expected to Reach Approx. USD 32 Billion By 2023

Optical Network Hardware Market Overview:

The optical network hardware market is anticipated to witness healthy growth from 2018 to 2023, a research report suggests. Growing at a CAGR of 13.85%, the market is projected to reach US$32 billion by 2023. The growing demand for fiber optic from data centers is expected to support the market growth along with the use of high bandwidth internet. As predicted by analysts, the lack of infrastructure in developing countries will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by the rising use of cloud and the rise in distribution channels.

The need for effective fiber management on the other hand will challenge optical networking sector based organizations functioning in the global optical network hardware market. Analysts have split the market into equipment and applications segments based on products and services. Optical networking based companies have been profiled. The lack of established infrastructure is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of optical networking segment based organizations to help new entrants and established businesses. The optical networking sector itself is supported by advancements in technology as well as the rising industrialization. During the forecast period 2018 to 2023, the optical network hardware market is set to witness a health growth across equipment and applications segments as well as regional markets.

Market Segmentation

The optical networking sector has seen growth across equipment and applications segments owing to favorable policies across regional markets and a rise in disposable income. To study the market, analysts have further segmented equipment and applications into WDM and SONET/SDH on the basis of equipment. The market is further segmented into applications sub segment which is split into broadband infrastructure, datacenter, fiber optic network, and smart cities.

The segmental analysis presented in the report provides optical networking field based organizations insights into key growth factors such as the high demand for performance as well as challenges such as the lack of demand from developing countries the market will face from 2018 to 2023. An increased FTTH broadband internet penetration and the increasing demand from various industry verticals are some of the key factors having an influence on optical networking industry based companies, suggest analysts as per the optical network hardware market report. But the report also identifies the high cost of product and maintenance and the lack of effective communication as major threats companies in optical networking will face till 2023.

Request a free sample copy or view report summary: Optical Network Hardware Market size

Regional Overview

optical networking market based companies in the optical network hardware market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. High demand across industry verticals will be a key growth driver for regional markets. However, the increasing demand and supply gap will turn out to be a threat. For the forecast period 2018 to 2023 each of these regional markets are studied in the report. Starting from North America, the regional market and optical networking vertical based companies are spread across the United States, Canada, and Mexico. The shifting preference for cheaper alternatives will turn out to be a major challenge from 2018 to 2023.

Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the growing urbanization as well as technological advancements, suggests the report. Similarly, the optical networking sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the optical network hardware market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2023.

Competitive Landscape

The global optical network hardware market research report brings a comprehensive study of equipment and applications market segments, regional analysis, and optical networking vertical based company details of key players. As the forecast period 2018 to 2023 will bring new opportunities for the market owing to the rapidly growing population and the rise in distribution channels, the market is set to grow at a compound annual growth rate of 13.85% and is predicted to reach a value of US$32 billion by 2023. With SWOT analysis of optical networking sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the low demand from developing countries and high initial investments, companies in the optical networking sector can change the way business is done.

Industry News

Alcatel-Lucent has agreed to buy Tropic Networks, a Canadian manufacturer of metro optical network devices, for an undisclosed amount. Alcatel-Lucent has agreed to buy Tropic Networks, a Canadian manufacturer of metro optical network devices, for an undisclosed amount. Since 2004, Alcatel-Lucent has become a Tropic investor and reseller. Tropic specializes in metro wavelength division multiplexing equipment with proprietary optical layer control and tracking technologies that simplifies service provisioning while also increasing network performance and lowering maintenance costs.