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Global Optical Network Hardware Market - Drivers and Forecast from Technavio

Technavio has published a new report on the global optical network hardware market from 2017-2021. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global optical network hardware market size to grow to USD 24.99 billion by 2021, at a CAGR of close to 13% over the forecast period, according to their latest report.

The research study by Technavio on the global optical network hardware market for 2017-2021 provides detailed industry analysis based on communication type (wave division multiplexing (WDM) and synchronous optical networking or synchronous digital hierarchy (SONET/SDH)) and geography (the Americas, EMEA, and APAC).

Wave division multiplexing dominates the global optical network hardware market, generating over 81% of the overall revenue. The dominance is primarily driven by China’s investments towards the development of broadband infrastructure, with a focus on 100G fiber-optic internet connections.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio analysts highlight the following three factors that are contributing to the growth of the global optical network hardware market:

  • Growing mobile data traffic
  • High demand for data centers

Growing mobile data traffic

The global smartphone and tablet markets have been witnessing...