The Optical Wavelength Services by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Optical Wavelength Services, The optical wavelength services market size has grown strongly in recent years. It will grow from $5.15 billion in 2023 to $5.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to deployment of fiber optic networks, growth of internet traffic and bandwidth demand, adoption of optical wavelength services in telecommunications, increasing data center interconnectivity, expansion of cloud computing services.
The optical wavelength services market size is expected to see strong growth in the next few years. It will grow to $8.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to surge in demand for high-capacity and low-latency connectivity, implementation of 5g networks and edge computing, adoption of optical wavelength services in internet of things (iot), growing use of optical wavelengths in remote work connectivity, integration of optical wavelength services in smart cities. Major trends in the forecast period include development of next-generation optical communication technologies, emphasis on software-defined networking (sdn) in optical wavelength services, adoption of flex grid and flex spectrum technologies, integration of artificial intelligence (ai) for dynamic wavelength allocation, focus on energy-efficient and green optical networks.
The growing number of internet users is propelling the growth of the optical wavelength services market. The Internet is a network that helps with sharing information, communicating, and connecting computers. The increasing number of internet users rapidly increased data traffic, consequently creating increased bandwidth requirements offered by optical wavelength service providers. For instance, according to Data Reportal, internet users are growing at a rate of 4% annually and reached 4.95 billion people globally in January 2022. Hence, the growing number of internet users is expected to propel the growth of the optical wavelength services market going forward.
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The optical wavelength services market covered in this report is segmented –
1) By Bandwidth: Less Than 10 Gbps, 40 Gbps, 100 Gbps, More Than 100 Gbps
2) By Fiber Channel Interface: OTN, Sonet, Ethernet
3) By Application: Short Haul, Metro, Long Haul
4) By End-Use: Small and Medium-Sized Enterprises (SME), Large Enterprise, Government Enterprises
Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the opto-wavelength services market. Major players operating in the market are partnering and collaborating to develop a strong product portfolio and offer innovative products. For instance, in January 2022, Nokia, a Finland-based company that operates in wavelength services, and Tech Mahindra, an India-based information technology company, partnered for 5G-based enterprise solutions. Tech Mahindra will leverage Nokia's wireless digital automation cloud and facilitate it in automating 5G wireless network management. Also, in April 2020, T-Mobile US Inc., a US-based wireless network operator company, merged with Sprint Corporation to create the New T-Mobile and deliver a 5G network. The combined companies will operate as New T-Mobile and will build the world’s best broad 5G network. Sprint Corporation is a US-based telecommunications company that offers wavelength services.
The optical wavelength services market report table of contents includes:
1. Executive Summary
2. Optical Wavelength Services Market Characteristics
3. Optical Wavelength Services Market Trends And Strategies
4. Optical Wavelength Services Market - Macro Economic Scenario
5. Global Optical Wavelength Services Market Size and Growth
................
31. Global Optical Wavelength Services Market Competitive Benchmarking
32. Global Optical Wavelength Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Optical Wavelength Services Market
34. Optical Wavelength Services Market Future Outlook and Potential Analysis
35. Appendix
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According to research report "Optical Wavelength Services Market by Bandwidth (Less than 10 Gbps, 40 Gbps, 100 Gbps, and More than 100 Gbps), Application (SONET, Ethernet, and OTN), Interface (Short Haul, Metro, and Long Haul), Organization Size, and Region - Global Forecast to 2023", The global OWS market size is expected to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
The adoption rate of OWS solutions is expected to grow, owing to the increasing demand for high-speed internet and bandwidth-intensive applications, and a need for minimizing capital expense and IT resource.Browse 43 market data Tables and 34 Figures spread through 109 Pages and in-depth TOC on "Optical Wavelength Services Market - Global Forecast to 2023"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81649158Among interface areas, the Ethernet segment to hold the highest market share during the forecast periodIn OWS, Ethernet carries the highest market share as it is a cost-effective option for server connectivity.
Gigabit Ethernet is the extended version of Ethernet which can offer tenfold speed than the traditional Ethernet.
Wavelength services enable high bandwidth gigabit Ethernet network connections to be deployed faster.Among application, the metro segment holds largest market share during the forecast periodThe increasing bandwidth demand and connectivity between Data Centers (DCs) along with adoption of consumer 4K and higher video content and services on n number of devices are major drivers for the adoption of metro applications.
Most of the service providers are looking forward to increase the wavelength speed by moving to metro applications.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=81649158In terms of regions, North America to account for the largest market size duringthe forecast periodNorth America is expected to be the main revenue contributor to the OWS market.
The growth in this region is expected to be driven by the presence of prominent OWS providers, such as Zayo, Verizon, GTT, CenturyLink, and AT Moreover, the presence of a large number of optical wavelength solution providers in the country creates a healthy competition, which would benefit the growth of OWS in the future.In the OWS market, the key and emerging market players include Zayo Group (US), Nokia (Finland), Verizon (US), GTT (US), CenturyLink (Louisiana), AT (US), Sprint (US), Comcast (US), Colt Technology Solution (UK), Crown Castle (US), Windstream Enterprises (US), Charter Communications (US), Cox Communications (US), Jaguar Network (France), and CarrierBid (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
