The global optical wavelength services market is swiftly gaining friction and is projected to grow up to USD 9 billion at a CAGR value of 10% by 2028. Penetrating the demand for bandwidth-intensive applications is considerably pushing the demand for optical wavelength services.
Dallas, Texas, Oct. 27, 2021 (GLOBE NEWSWIRE) -- The demand for high speed internet and fiber optic communication services has increased in recent years. Moreover, businesses are adopting optical wavelength services to reduce business expenses required for connectivity driving global optical wavelength services market.
Optical Wavelength Service is an end to end high frequency data transfer service that usually uses Wavelength division multiplexing (DWDM) technology. This technology is used to transmit high bandwidth channels into a single strand of fiber. Single fiber strands can be used as a cost-effective solution and in many financial applications. The growing demand for optical wavelength services as a result of its higher capacity, scalability, advanced security, and better performance are key factors propelling the global optical wavelength services market.
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List of Companies Profiled in the Optical Wavelength Services market:
Colt Technology Services
AT&T Intellectual Property
Jaguar Network SAS
Windstream Intellectual Property
Different product categories include:
Less Than or Equal to 10 Gbps
Higher than 100 Gbps
Global Optical Wavelength Services industry has a number of end-user applications including:
Moreover, businesses adopting optical wavelength services for better signal quality, evolution of Internet of Things (IoT), and rapidly evolving automation trends are some key market booster. For example, leveraging networks for increasing data transfer speed.
Current market scenarios state that optical wavelength services market one of the fastest growing, active and attractive markets. The key influencing factors are growing commercial adoption of optical wavelength services for high speed data transmission, benefits over traditional WDM, demand for performance due to 5G, and others.
However, increasing demand for virtual connectivity infrastructures, limited bandwidth availability, high expenses are likely to hamper the market growth of global optical wavelength services. Furthermore, software centric networks, emerging cloud architectures, introduction of innovative products and services are anticipated to provide opportunities to the global optical wavelength services market.
The market is rapidly evolving with market players taking innovative step to leverage the optical wavelength services. As a part of digital transformation initiative, many regions across the world are upgrading their communication technology infrastructure. IT businesses in the regions are therefore demanding high quality and high speed wavelength services. Also, government in the different countries are taking initiatives to encourage the adoption of optical wavelength services. Governments of developing countries are also taking market influential steps.
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The global optical wavelength services market is highly competitive and comprised of leading companies like Charter Communications, Sprint.com, Windstream Communications, Century Link, Verizon Wireless, Century Link, Nokia, and Zayo Group. These companies are geographically dominant and are taking various strategic steps to expand their footprint further. Some major steps like mergers, acquisition, and partnership are been taken by the companies.
In the same context, WarnerMedia to expand its geographical footprint acquired Ole Communications’ minority stakes in both HBO BrasilPartners and HBO Ole Partners. In 2020, Zayo Group launched new optical wavelength services in US to provide high capacity network infrastructure to the customers. Moreover, in October 2020, GTT Communications led the deployment of GTT-managed SD-WAN and connectivity services for all the offices and retail sites of KOOKAÏ, a women fashion brand.
The North America accounted to maximum revenue in the market. Businesses in the region are adoption optical wavelength services for high speed and quality data transfer. Small and medium enterprises in North America are driving their businesses through optical wavelength service adoption. The small and medium enterprises are gaining momentum due to ease in lockdown restriction and propelling demand. Also, the optical wavelength services market in APAC and Europe are anticipated to boost in the forthcoming years due to heavy investments by major players, increasing IT businesses leading to growing demand for high speed data transfer product and services. These are the key reasons for increased growth in the global optical services market in the APAC and Europe.
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions, and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.2. Market Dynamics
3.3. Porter’s Five Forces Analysis
3.4. PEST Analysis
4. Optical Wavelength Services Market by Bandwidth, 2021-2028 (USD Billion)
4.1. Less Than or Equal to 10Gbps
4.2. 40 Gbps
4.3. 100 Gbps
4.4. More Than 100 Gbps….continued
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