DUBLIN--(BUSINESS WIRE)--The "Global Optical Switches Market - Segmented by Type (All Optical Switch, Electro Optical Switch), Application, Technology, and Geography - Growth, Trends and Forecast (2018 - 2023" report has been added to ResearchAndMarkets.com's offering.
The Optical Switches Market was valued at USD 5.27 billion in 2017 and is expected to reach a value of USD 11.24 billion by 2023, at a CAGR of 13.41% over the forecast period (2018-2023).
Optical networking & communication is evolving at a rapid pace, evidenced by the robust growth witnessed across revenues of leading vendors in the market. Companies are investing heavily toward developing advanced models of optical switches and networks, which can facilitate higher data transfer in a generation where speed is considered to be of utmost importance.
Optical switches progressed naturally with the increased usage of optical fiber technology. As the technology was nurtured, new methods such as bubble switches and MEMS switches made their way into the market, expanding the applications of optical switches towards signal monitoring and external modulation along with the switching capabilities.
The need for higher data rates are expected to create a demand for all-optical interconnects, considering the fact that major cloud service providers, such as Amazon, Google, and Microsoft, are open to installing the equipment for future infrastructure developments. However, resistance in variation of existing applications or systems and complexity issues are hampering the growth of the market.
Key Highlights
- Rising Adoption of Cloud-based Services and Virtualization Drive Growth
- Asia Pacific is Expected to Witness the Fastest Growth
Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Technology Snapshot
6. Market by Type
7. Market by Application
8. Market by Technology
9. Market by Geography
10. Competitive Landscape
11. Investment Analysis
12. Future of the Market
Companies Profiled
- Nokia Corporation
- Cisco Systems
- Huawei Technologies
- Ciena Corporation
- Infinera Corporation
- ADVA Optical Networking
- ZTE Corporation
- Fujitsu
- Coriant
- Hewlett Packard Enterprise
- Keysight Technologies
- Ericsson
- Juniper Networks
For more information about this report visit https://www.researchandmarkets.com/research/8gcx7m/global_optical?w=4
