PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250706
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250706
Optical Wavelength Services Market Forecasts to 2028 - Global Analysis By Bandwidth, Fiber Channel Interface, Organization Size and By Geography
According to Stratistics MRC, the Global Optical Wavelength Services Market is accounted for $4.91 billion in 2022 and is expected to reach $8.95 billion by 2028 growing at a CAGR of 10.5% during the forecast period. Optical wavelength service is a point-to-point delivery service with a high bandwidth based on fibre optics. The optical wavelength services are high-speed internet and data services that are widely used and requested by the telecommunications industry. Data centre interconnection, high resolution, video streaming, credit card processing, and other financial applications can all benefit from optical wavelength services.
According to Cisco Systems Inc., on average, a smartphone is expected to generate 11 GB data traffic per month by 2022, which may be more than a four and a half-fold jump over the 2017 average of 2 GB data per month. The increase in mobile traffic is anticipated to create an extensive opportunity for the optical transport network market.
Market Dynamics:
Driver:
Rising Demand for Internet
Increasing internet demand is projected to drive the expansion of the optical communication and networking industry in the future. The demand for the internet is increasing as a result of increased digital media and a shift towards working from home situations. Optical communications and networking technologies are becoming increasingly significant in integrating a wide range of IT resources across globally distributed autonomous network systems to enable cost-effective information transmission and processing.
Restraint:
Increase in the adoption of virtual connectivity
Many virtual network products that perform the functions of traditional network equipment such as switches, routers, and firewalls have lately been available. Cisco Systems and Verizon have worked together to provide a flexible networking infrastructure. Businesses throughout the world are focusing on developing a digitally ready infrastructure at the edge in order to accelerate attempts at digital transformation which has been hampering the optical wavelength services market.
Opportunity:
Growing applications with high bandwidth
Because of the rise in bandwidth-intensive applications such as video and web conferencing, cloud storage, audio, video streaming, gaming, and others, the need for optical wavelength services with more capacity has increased. Furthermore, as video and online conferencing have grown in popularity, so has the demand for optical wavelength services. Microsoft Teams Zoom, Skype, and Google Meet, for example, may require more bandwidth to perform properly. Good Meet, for example, requires up to 4 Mbps for HD video conversations with groups. Owing to the prevalence of remote and hybrid work and learning during the epidemic, such applications have been widely used to assist people and organisations in remaining durable.
Threat:
Less incremental bandwidth options
An incremental backup operation copies only the data that has changed since the previous backup operation of any kind. An organisation normally compares the changed time stamp on files to the time stamp of the most recent backup. Backup software monitor and record the date and time of backup activities in order to track files that have been updated since these actions, in general, differential backups take longer to complete than incremental backups. When it comes to retrieving backup files, however, the tides change: differential restores are faster than incremental restorations because they require fewer data pieces to complete the recovery process.
Covid-19 Impact
The demand for optical wavelength services increased significantly in reaction to the COVID-19 epidemic, which posed a significant burden to the global economy and several enterprises worldwide. This can be linked to the growing acceptability of work-from-home models, as well as greater efforts by corporations to provide improved signal quality and services during the outbreak.
The 100 Gbps segment is expected to be the largest during the forecast period
The 100 Gbps segment is estimated to have a lucrative growth; due to the optical wavelength of 100 Gbps provides a considerable speed advantage. Faster data transfer speeds provide for faster file access within the company network. The standard is most useful in data centre networks and server rooms. Backward compatibility exists for 100 Gbps items such as switches and other networking equipment. By installing new transceivers or modules, existing cabling can be reused. This convergence of cabling simplifies deployment, decreases power and space needs, and keeps costs down. The 100 Gbps standards is suited for switch-to-switch communication across long distances thus enhancing the market.
The Ethernet segment is expected to have the highest CAGR during the forecast period
The Ethernet segment is anticipated to witness the fastest CAGR growth during the forecast period, due to technology that uses the common network language protocol to connect wired local area networks (LANs). Fiber Optics Ethernet employs optical fibres with tremendous bandwidth and the ability to travel long distances. Carriers Ethernet facilities and enterprise networks can be quickly and readily connected using the External Network to Network Interface (ENNI) standard. This enables speedier deployment and better visibility across virtualized network connections. Ethernet Private Line (EPL), Ethernet Virtual Private Line (EVPL), and Ethernet Local Area Network (ELAN) are services that enable high-speed data transmission between many sites which further drives the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rapidly upgrading communication technology infrastructure. Numerous IT enterprises in the area, as well as increased need for end-to-end wavelength services, are propelling the growth of this sector. The rising LAN and WAN connectivity, high utilisation in financial data transfer, and offset backup data all contribute to the area's growth over the anticipated time. Many governments in developing nations are taking steps to stimulate the development of communication infrastructure in their individual countries, which is fueling the expansion of the optical wavelength service market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the increased need for and use of high-speed networking and communication in the industrial sector. The strong presence of some well-known sector actors, together with the growing need for financial data transfer services, will promote regional growth. This is because developing economies are rapidly upgrading their communication technologies. The presence of a significant number of IT enterprises is also boosting market expansion in this region.
Key Players in the market
Some of the key players profiled in the Optical Wavelength Services Market include Zayo Group Holdings, Inc, Nokia Corporation, AT&T Inc, Lumen Technologies Inc., Verizon Communications Inc., T-Mobile US Inc., Charter Communications, Comcast Corporation, Crown Castle Inc., Colt Technology Services Group Limited, Windstream Holdings, Inc., CarrierBid Communications, Jaguar Network SAS, Cox Communications, CarrierBid Communications, CenturyLink and Sprint
Key Developments:
In March 2023, Nokia partners with Netplus to deliver future-proof and world-class broadband services in India; Netplus has operations spread across 400 plus cities and towns in several states in Northern India, with the biggest in Punjab.
In Feb 2023, Nokia launches anyRAN to drive CloudRAN partnerships enabling flexibility for mobile network operators and enterprises #MWC23 Nokia anyRAN is designed to help mobile operators and enterprises extend their options for building and evolving their radio access networks.
In Oct 2022, Zayo Group Holdings, Inc., announced the expansion of its infrastructure and Tier 1 IP network into the key border cities of McAllen and Laredo, Texas with two new 100G IP points of presence (PoPs) and 400G Wavelengths capabilities.
In Aug 2022, Zayo Launches API Developer Portal to Accelerate Enterprise Digital Transformation providing customers with a single online platform to explore, on-board and test live environments with existing API offerings, and stay informed about upcoming developments.
Bandwidths Covered:
- Less than 10 Gbps
- 40 Gbps
- 100 Gbps
- More Than 100 Gbps
Fiber Channel Interfaces Covered:
- Ethernet
- Sonet
- Optical Transport Network (OTN)
Organization Sizes Covered:
- Small Sized Enterprises
- Medium Sized Enterprises
- Large Enterprises
Applications Covered:
- Short Haul
- Long Haul
- Metro
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Optical Wavelength Services Market, By Bandwidth
- 5.1 Introduction
- 5.2 Less than 10 Gbps
- 5.3 40 Gbps
- 5.4 100 Gbps
- 5.5 More Than 100 Gbps
6 Global Optical Wavelength Services Market, By Fiber Channel Interface
- 6.1 Introduction
- 6.2 Ethernet
- 6.3 Sonet
- 6.4 Optical Transport Network (OTN)
7 Global Optical Wavelength Services Market, By Organization Size
- 7.1 Introduction
- 7.2 Small Sized Enterprises
- 7.3 Medium Sized Enterprises
- 7.4 Large Enterprises
8 Global Optical Wavelength Services Market, By Application
- 8.1 Introduction
- 8.2 Short Haul
- 8.3 Long Haul
- 8.4 Metro
9 Global Optical Wavelength Services Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Zayo Group Holdings, Inc.
- 11.2 Nokia Corporation
- 11.3 AT&T Inc.
- 11.4 Lumen Technologies Inc.
- 11.5 Verizon Communications Inc.
- 11.6 T-Mobile US Inc.
- 11.7 Charter Communications
- 11.8 Comcast Corporation
- 11.9 Crown Castle Inc.
- 11.10 Colt Technology Services Group Limited
- 11.11 Windstream Holdings, Inc.
- 11.12 CarrierBid Communications
- 11.13 Jaguar Network SAS
- 11.14 Cox Communications
- 11.15 CarrierBid Communications
- 11.16 CenturyLink
- 11.17 Sprint
List of Tables
- Table 1 Global Optical Wavelength Services Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Optical Wavelength Services Market Outlook, By Bandwidth (2020-2028) ($MN)
- Table 3 Global Optical Wavelength Services Market Outlook, By Less than 10 Gbps (2020-2028) ($MN)
- Table 4 Global Optical Wavelength Services Market Outlook, By 40 Gbps (2020-2028) ($MN)
- Table 5 Global Optical Wavelength Services Market Outlook, By 100 Gbps (2020-2028) ($MN)
- Table 6 Global Optical Wavelength Services Market Outlook, By More Than 100 Gbps (2020-2028) ($MN)
- Table 7 Global Optical Wavelength Services Market Outlook, By Fiber Channel Interface (2020-2028) ($MN)
- Table 8 Global Optical Wavelength Services Market Outlook, By Ethernet (2020-2028) ($MN)
- Table 9 Global Optical Wavelength Services Market Outlook, By Sonet (2020-2028) ($MN)
- Table 10 Global Optical Wavelength Services Market Outlook, By Optical Transport Network (OTN) (2020-2028) ($MN)
- Table 11 Global Optical Wavelength Services Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 12 Global Optical Wavelength Services Market Outlook, By Small Sized Enterprises (2020-2028) ($MN)
- Table 13 Global Optical Wavelength Services Market Outlook, By Medium Sized Enterprises (2020-2028) ($MN)
- Table 14 Global Optical Wavelength Services Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 15 Global Optical Wavelength Services Market Outlook, By Application (2020-2028) ($MN)
- Table 16 Global Optical Wavelength Services Market Outlook, By Short Haul (2020-2028) ($MN)
- Table 17 Global Optical Wavelength Services Market Outlook, By Long Haul (2020-2028) ($MN)
- Table 18 Global Optical Wavelength Services Market Outlook, By Metro (2020-2028) ($MN)
- Table 19 North America Optical Wavelength Services Market Outlook, By Country (2020-2028) ($MN)
- Table 20 North America Optical Wavelength Services Market Outlook, By Bandwidth (2020-2028) ($MN)
- Table 21 North America Optical Wavelength Services Market Outlook, By Less than 10 Gbps (2020-2028) ($MN)
- Table 22 North America Optical Wavelength Services Market Outlook, By 40 Gbps (2020-2028) ($MN)
- Table 23 North America Optical Wavelength Services Market Outlook, By 100 Gbps (2020-2028) ($MN)
- Table 24 North America Optical Wavelength Services Market Outlook, By More Than 100 Gbps (2020-2028) ($MN)
- Table 25 North America Optical Wavelength Services Market Outlook, By Fiber Channel Interface (2020-2028) ($MN)
- Table 26 North America Optical Wavelength Services Market Outlook, By Ethernet (2020-2028) ($MN)
- Table 27 North America Optical Wavelength Services Market Outlook, By Sonet (2020-2028) ($MN)
- Table 28 North America Optical Wavelength Services Market Outlook, By Optical Transport Network (OTN) (2020-2028) ($MN)
- Table 29 North America Optical Wavelength Services Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 30 North America Optical Wavelength Services Market Outlook, By Small Sized Enterprises (2020-2028) ($MN)
- Table 31 North America Optical Wavelength Services Market Outlook, By Medium Sized Enterprises (2020-2028) ($MN)
- Table 32 North America Optical Wavelength Services Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 33 North America Optical Wavelength Services Market Outlook, By Application (2020-2028) ($MN)
- Table 34 North America Optical Wavelength Services Market Outlook, By Short Haul (2020-2028) ($MN)
- Table 35 North America Optical Wavelength Services Market Outlook, By Long Haul (2020-2028) ($MN)
- Table 36 North America Optical Wavelength Services Market Outlook, By Metro (2020-2028) ($MN)
- Table 37 Europe Optical Wavelength Services Market Outlook, By Country (2020-2028) ($MN)
- Table 38 Europe Optical Wavelength Services Market Outlook, By Bandwidth (2020-2028) ($MN)
- Table 39 Europe Optical Wavelength Services Market Outlook, By Less than 10 Gbps (2020-2028) ($MN)
- Table 40 Europe Optical Wavelength Services Market Outlook, By 40 Gbps (2020-2028) ($MN)
- Table 41 Europe Optical Wavelength Services Market Outlook, By 100 Gbps (2020-2028) ($MN)
- Table 42 Europe Optical Wavelength Services Market Outlook, By More Than 100 Gbps (2020-2028) ($MN)
- Table 43 Europe Optical Wavelength Services Market Outlook, By Fiber Channel Interface (2020-2028) ($MN)
- Table 44 Europe Optical Wavelength Services Market Outlook, By Ethernet (2020-2028) ($MN)
- Table 45 Europe Optical Wavelength Services Market Outlook, By Sonet (2020-2028) ($MN)
- Table 46 Europe Optical Wavelength Services Market Outlook, By Optical Transport Network (OTN) (2020-2028) ($MN)
- Table 47 Europe Optical Wavelength Services Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 48 Europe Optical Wavelength Services Market Outlook, By Small Sized Enterprises (2020-2028) ($MN)
- Table 49 Europe Optical Wavelength Services Market Outlook, By Medium Sized Enterprises (2020-2028) ($MN)
- Table 50 Europe Optical Wavelength Services Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 51 Europe Optical Wavelength Services Market Outlook, By Application (2020-2028) ($MN)
- Table 52 Europe Optical Wavelength Services Market Outlook, By Short Haul (2020-2028) ($MN)
- Table 53 Europe Optical Wavelength Services Market Outlook, By Long Haul (2020-2028) ($MN)
- Table 54 Europe Optical Wavelength Services Market Outlook, By Metro (2020-2028) ($MN)
- Table 55 Asia Pacific Optical Wavelength Services Market Outlook, By Country (2020-2028) ($MN)
- Table 56 Asia Pacific Optical Wavelength Services Market Outlook, By Bandwidth (2020-2028) ($MN)
- Table 57 Asia Pacific Optical Wavelength Services Market Outlook, By Less than 10 Gbps (2020-2028) ($MN)
- Table 58 Asia Pacific Optical Wavelength Services Market Outlook, By 40 Gbps (2020-2028) ($MN)
- Table 59 Asia Pacific Optical Wavelength Services Market Outlook, By 100 Gbps (2020-2028) ($MN)
- Table 60 Asia Pacific Optical Wavelength Services Market Outlook, By More Than 100 Gbps (2020-2028) ($MN)
- Table 61 Asia Pacific Optical Wavelength Services Market Outlook, By Fiber Channel Interface (2020-2028) ($MN)
- Table 62 Asia Pacific Optical Wavelength Services Market Outlook, By Ethernet (2020-2028) ($MN)
- Table 63 Asia Pacific Optical Wavelength Services Market Outlook, By Sonet (2020-2028) ($MN)
- Table 64 Asia Pacific Optical Wavelength Services Market Outlook, By Optical Transport Network (OTN) (2020-2028) ($MN)
- Table 65 Asia Pacific Optical Wavelength Services Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 66 Asia Pacific Optical Wavelength Services Market Outlook, By Small Sized Enterprises (2020-2028) ($MN)
- Table 67 Asia Pacific Optical Wavelength Services Market Outlook, By Medium Sized Enterprises (2020-2028) ($MN)
- Table 68 Asia Pacific Optical Wavelength Services Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 69 Asia Pacific Optical Wavelength Services Market Outlook, By Application (2020-2028) ($MN)
- Table 70 Asia Pacific Optical Wavelength Services Market Outlook, By Short Haul (2020-2028) ($MN)
- Table 71 Asia Pacific Optical Wavelength Services Market Outlook, By Long Haul (2020-2028) ($MN)
- Table 72 Asia Pacific Optical Wavelength Services Market Outlook, By Metro (2020-2028) ($MN)
- Table 73 South America Optical Wavelength Services Market Outlook, By Country (2020-2028) ($MN)
- Table 74 South America Optical Wavelength Services Market Outlook, By Bandwidth (2020-2028) ($MN)
- Table 75 South America Optical Wavelength Services Market Outlook, By Less than 10 Gbps (2020-2028) ($MN)
- Table 76 South America Optical Wavelength Services Market Outlook, By 40 Gbps (2020-2028) ($MN)
- Table 77 South America Optical Wavelength Services Market Outlook, By 100 Gbps (2020-2028) ($MN)
- Table 78 South America Optical Wavelength Services Market Outlook, By More Than 100 Gbps (2020-2028) ($MN)
- Table 79 South America Optical Wavelength Services Market Outlook, By Fiber Channel Interface (2020-2028) ($MN)
- Table 80 South America Optical Wavelength Services Market Outlook, By Ethernet (2020-2028) ($MN)
- Table 81 South America Optical Wavelength Services Market Outlook, By Sonet (2020-2028) ($MN)
- Table 82 South America Optical Wavelength Services Market Outlook, By Optical Transport Network (OTN) (2020-2028) ($MN)
- Table 83 South America Optical Wavelength Services Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 84 South America Optical Wavelength Services Market Outlook, By Small Sized Enterprises (2020-2028) ($MN)
- Table 85 South America Optical Wavelength Services Market Outlook, By Medium Sized Enterprises (2020-2028) ($MN)
- Table 86 South America Optical Wavelength Services Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 87 South America Optical Wavelength Services Market Outlook, By Application (2020-2028) ($MN)
- Table 88 South America Optical Wavelength Services Market Outlook, By Short Haul (2020-2028) ($MN)
- Table 89 South America Optical Wavelength Services Market Outlook, By Long Haul (2020-2028) ($MN)
- Table 90 South America Optical Wavelength Services Market Outlook, By Metro (2020-2028) ($MN)
- Table 91 Middle East & Africa Optical Wavelength Services Market Outlook, By Country (2020-2028) ($MN)
- Table 92 Middle East & Africa Optical Wavelength Services Market Outlook, By Bandwidth (2020-2028) ($MN)
- Table 93 Middle East & Africa Optical Wavelength Services Market Outlook, By Less than 10 Gbps (2020-2028) ($MN)
- Table 94 Middle East & Africa Optical Wavelength Services Market Outlook, By 40 Gbps (2020-2028) ($MN)
- Table 95 Middle East & Africa Optical Wavelength Services Market Outlook, By 100 Gbps (2020-2028) ($MN)
- Table 96 Middle East & Africa Optical Wavelength Services Market Outlook, By More Than 100 Gbps (2020-2028) ($MN)
- Table 97 Middle East & Africa Optical Wavelength Services Market Outlook, By Fiber Channel Interface (2020-2028) ($MN)
- Table 98 Middle East & Africa Optical Wavelength Services Market Outlook, By Ethernet (2020-2028) ($MN)
- Table 99 Middle East & Africa Optical Wavelength Services Market Outlook, By Sonet (2020-2028) ($MN)
- Table 100 Middle East & Africa Optical Wavelength Services Market Outlook, By Optical Transport Network (OTN) (2020-2028) ($MN)
- Table 101 Middle East & Africa Optical Wavelength Services Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 102 Middle East & Africa Optical Wavelength Services Market Outlook, By Small Sized Enterprises (2020-2028) ($MN)
- Table 103 Middle East & Africa Optical Wavelength Services Market Outlook, By Medium Sized Enterprises (2020-2028) ($MN)
- Table 104 Middle East & Africa Optical Wavelength Services Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 105 Middle East & Africa Optical Wavelength Services Market Outlook, By Application (2020-2028) ($MN)
- Table 106 Middle East & Africa Optical Wavelength Services Market Outlook, By Short Haul (2020-2028) ($MN)
- Table 107 Middle East & Africa Optical Wavelength Services Market Outlook, By Long Haul (2020-2028) ($MN)
- Table 108 Middle East & Africa Optical Wavelength Services Market Outlook, By Metro (2020-2028) ($MN)
