Optical Networking Market Share to Hit US$ 24 Bn by 2029Posted by ankush Nikam on March 4th, 2020 The global optical networking market will reach a valuation of US$ 24 Bn in 2029, witnessing a steady growth outlook during the forecast period (2019 - 2029). According to a new study of Future Market Insights (FMI), the market for optical networking is largely influenced by the imminent onset of Internet of Things (IoT), 5G, and Big Data technologies in multiple end-use sectors, for better speed, lower latency, and more efficient data management. "Optical networking providers can gain significant profits by including private line services, Data Center Interconnect (DCI) networks, cable distributed access architectures, mobile transport, and metro optical. In house consistent DSP design continues to be a preferred strategy of key players," reveals the FMI report. Key Research Findings of FMI's Optical Networking Market Study
Key Growth Drivers - Optical Networking Market
Key Impediments - Optical Networking Market
Competition Structure Analysis - Optical Networking Market The competition landscape of optical networking market remains moderately fragmented and competitive. Key players are also pushing for connections with better scalability, efficient service agility, and automated software driven services, for high capacity performance at low cost and power requirements. This will drive up the adoption of high-speed analogue circuits. Some of the key players in the optical networking market include, but are not limited to Huawei, JDS Uniphase Corporation, Alcatel Lucent, Ciena, Verizon, and Cisco. Press Release Source: https://www.accesswire.com/577976/Optical-Networking-Market-to-Reach-US-24-Bn-in-2029-5G-Applications-to-Accelerate-Demand-Future-Market-Insights Explore Future Market Insights' detailed coverage on, Cyber Security in Robotics Market Stability Test Chamber Market Cyber Security in Robotics Market About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights Like it? Share it!More by this author |