Immense Investment in Optical Communication has fueled the growth of VOIP and 5G Networks
According to a new report published by Reports Monitor titled, “Global Optical Communication and Networking Market Study, Innovations and Forecast, 2017-2025,” the optical communication and networking market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Optical network is a type of high speed communication network built with the use of optical fiber cables. These cables primarily operate by transmitting the data as light pulses from one point to another.
The Global Optical Communication and Networking Market Professional Survey Report scrutinize the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
Increased data traffic in the digital platforms resulting into the generation of enormous amount of data becomes the major factor in propelling the market growth. Rapid adoption of cloud based services has raised the need for an efficient communication channel for transmitting the data with minimum loss, boosting the market growth. However the complex installation procedures and high installation cost is expected to hinder the market growth.
The regional analysis of electronic skin market includes: North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. North America is expected to dominate the market mainly due to the increased emergence of data centers and cloud services while Asia Pacific is projected to emerge as a fastest growing region owing to the expansion in the IT and Telecom sectors in the major countries such as China, India, Japan and others.
The major companies profiled in the report include Huawei, Cisco, Ciena, Nokia, Finisar, ZTE, Adtran, Infinera, Adva, and Fujitsu Optical Components.
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