The report "Optical Wavelength Services Market by Bandwidth (Less than 10 Gbps, 40 Gbps, 100 Gbps, and More than 100 Gbps), Application (SONET, Ethernet, and OTN), Interface (Short Haul, Metro, and Long Haul), Organization Size, and Region - Global Forecast to 2023", The global OWS market size is expected to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. The adoption rate of OWS solutions is expected to grow, owing to the increasing demand for high-speed internet and bandwidth-intensive applications, and a need for minimizing capital expense and IT resource.
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Top Key Players
In the OWS market, the key and emerging market players include Zayo Group (US), Nokia (Finland), Verizon (US), GTT (US), CenturyLink (Louisiana), AT&T (US), Sprint (US), Comcast (US), Colt Technology Solution (UK), Crown Castle (US), Windstream Enterprises (US), Charter Communications (US), Cox Communications (US), Jaguar Network (France), and CarrierBid (US).
Optical Transport Network (OTN) interface to record the highest CAGR during the forecast period
OTN offers various advantages over traditional WDM transponder-based network, including increased efficiency, reliability, and secure wavelength-based private services. Furthermore, OTN switches at fiber junctions enable the optimal use of the optical spectrum.
Among applications, metro segment to grow at the highest CAGR during the forecast period
The increasing bandwidth demand and connectivity between Data Centers (DCs), along with the adoption of consumer 4K and higher video content and services on a number of devices is a major driver for the adoption of metro applications.
Asia Pacific to hold the largest market size in 2018
Networking infrastructure in APAC has increased significantly over the past few years. The APAC market is estimated to hold the highest market share in 2018. The developing countries in APAC are still upgrading their communication infrastructure as a part of the digital transformation process. With a large number of IT sector businesses located in the region, the demand for end-to-end wavelength services is high in the region. Governments of various developing countries are also taking initiatives to encourage or to speed up the development of communication infrastructure in these countries. China, Japan, and India are some of the prominent countries with strong fiber optic infrastructures in APAC.
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Among application, the metro segment holds largest market share during the forecast period
The increasing bandwidth demand and connectivity between Data Centers (DCs) along with adoption of consumer 4K and higher video content and services on n number of devices are major drivers for the adoption of metro applications. Most of the service providers are looking forward to increase the wavelength speed by moving to metro applications.
In terms of regions, North America to account for the largest market size duringthe forecast period
North America is expected to be the main revenue contributor to the OWS market. The growth in this region is expected to be driven by the presence of prominent OWS providers, such as Zayo, Verizon, GTT, CenturyLink, and AT&T. Moreover, the presence of a large number of optical wavelength solution providers in the country creates a healthy competition, which would benefit the growth of OWS in the future.
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