HOME Research Insight Huawei Technologies Company (China) and Cisco (US) are the Top 2 Players in the Optical Communication and Networking Market



Huawei Technologies Company (China) and Cisco (US) are the Top 2 Players in the Optical Communication and Networking Market


The optical communication and networking market is expected to be worth USD 24.12 Billion by 2023, growing at a CAGR of 8.1% between 2017 and 2023. The deployment of VoIP, LTE, and 5G networks; extension of the network in developing countries; and adoption of IoT provide key opportunities for the market. Some of the key factors driving the growth of this market are increasing penetration of the Internet and data traffic, and growing adoption of cloud-based services and virtualization.

The major players in the optical communication and networking market are Huawei Technologies Co. (China), Nokia (Finland), Cisco (US), Ciena (US), ADTRAN (US), ZTE (China), Broadcom (US), Finisar (US), Fujitsu Optical Components (Japan), Infinera (US), ADVA Optical Networking (Germany), NEC (Japan), Juniper Networks (US), Ericsson (Sweden), Corning (US), and Coriant (US). The key innovators in the market are Lumentum Operations (US), Calix (US), Oclaro (US), Arista Networks (US), NeoPhotonics (US), Mitsubishi Electric (Japan), and ECI Telecom (Israel). Most of the leading companies have followed the organic strategy of product launches to boost their revenues.

Top 2 Players in the Market:

Huawei Technologies Company (China) is a leading global provider of information and communications technology (ICT) solutions. It is also one of the leading players in the optical communication and networking market. Its ICT solutions, products, and services are used in more than 170 countries and regions, serving over one-third of the world's population. Huawei provides a broad portfolio of optical networking products such as optical line terminals, optical networking units, optical network terminals, WDM transport systems, and multi-service transmission platforms. Huawei has adopted a mix of organic and inorganic growth strategies in this market. It proposed Optical Network 2.0 to initiate the age of cloud technology and has made significant technological innovations in optical transmission. In February 2016, Huawei showcased the world's first 320T centralized all-optical switching WDM prototype "OXC" at the Mobile World Congress (MWC) 2016. Each OXC has a 320T switching capacity, which is 12 to 16 times the capacity of traditional OTN devices. In 2016, Huawei also provided optical transmission, routing, and broadband access solutions to the Amsterdam Internet Exchange (AMS-IX) and LINX in the UK to meet their need for high bandwidth, real-time data synchronization, and lossless failover.

Cisco (US) is engaged in the design, manufacturing, and sale of Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. It provides a wide range of optical networking products such as core, edge/access, and DWDM, which support providers, carriers, and enterprises. The product categories include DWDM, optical data center interconnects, packet optical transport systems, and SONET SDH. The company’s strategic priorities include accelerating its pace of innovation, increasing the value of the network, and delivering customized technology products. The company has also adopted some inorganic strategies, such as partnerships and acquisitions, to grow in this market. For example, in August 2017, Cisco completed the acquisition of Viptela (US), a privately held software-defined wide area network (SD-WAN) company, to enhance its SD-WAN portfolio with increased flexibility and simplicity delivered through the cloud.

Related Reports:

Optical Communication and Networking Market by Component (Fiber, Transceiver, Amplifier, Switch, Splitter, Circulator), Technology (WDM, SONET, and Fiber Channel), Application (Telecom, Data Center, and Enterprise) and Geography - Global Forecast to 2023

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports