According to the latest report by IMARC Group, titled “Optical Wavelength Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global optical wavelength services market report reached a value of US$ 3.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.58 Billion by 2027, exhibiting at a CAGR of 8.80% during 2022-2027.
Optical wavelength services are used to transmit high bandwidth channels into a single strand of fiber. They provide flexibility, enhanced security, network maintenance, cost-effectiveness, and real-time response. As a result, they are widely employed in the telecommunication industry for high-resolution video streaming, credit card processing, and data center interconnection.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Optical Wavelength Services Market Trends:
The growing need for operating bandwidth-intensive applications represents one of the key factors primarily driving the employment of optical wavelength services in various end use industries. In addition to this, the escalating need for automation and data and file transfer in data center networking is acting as another growth-inducing factor. Furthermore, the increasing inclination of business and network service providers toward advanced multimedia services, such as voice over internet protocol (VoIP), internet of things (IoT), cloud computing, virtual reality (VR), and augmented reality (AR), is bolstering the market growth. Moreover, initiatives implemented by governments of numerous countries for encouraging the development of communication infrastructure are anticipated to stimulate the market growth.
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Global Optical Wavelength Services Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AT&T Inc., CarrierBid Communications, Charter Communications Inc., Colt Technology Services Group Limited, Comcast Corporation, Cox Communications Inc., Crown Castle, GTT Communications Inc., Nokia Corporation, T?Mobile USA Inc. (Deutsche Telekom AG), Verizon Communications Inc., Windstream Holdings Inc. and Zayo Group Holdings Inc.
The report has segmented the market on the basis on region, bandwidth, interface, organization size, application.
Breakup by Bandwidth:
- Less than 10 Gbps
- 40 Gbps
- 100 Gbps
- More than 100 Gbps
Breakup by Interface:
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Application:
- Short Haul
- Long Haul
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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