Synchronous Optical Networking Market by Hardware (Optical Fiber, Optical Transceiver, Fiber Optic Circulators, Optical Amplifiers, Optical Splitters, and Others) and Industry Vertical (Aerospace & Defense, Manufacturing, Oil & Gas, Transportation, Government, Energy & Utilities, and Others)
Synchronous optical network (SONET) is an optical fiber network, which encompasses point-to-point and ring network to provide high-speed networking solutions to various industry verticals. In addition, SONET offers a cost-effective medium to end users to transfer huge volume of data with the help of SONET optical carrier network (OCN).
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Increase in demand for digital data traffic over existing network boosts the growth of the synchronous optical network market. Furthermore, rise in demand for high-speed bandwidth fuels the market growth.
However, high installation cost of optical networks hinders the market growth. Increase in cloud storage adoption by different organizations is expected to provide lucrative opportunity for the key players.
Synchronous optical networking market is segmented on the basis of hardware, industry vertical, and geography. Based on hardware, the market is divided into optical fiber, optical transceiver, fiber optic circulators, optical amplifiers, optical splitters, and others.
By technology, it is bifurcated into time division multiplexing and dense wavelength division multiplexing. According to industry vertical, it is categorized into aerospace & defense, manufacturing, oil & gas, transportation, government, energy & utilities, and others.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Cisco Systems Inc., Alcatel-Lucent Inc., Verizon Communications Inc., ADVA Optical Networking SE, Clena Corporation, Ericsson Inc., Fujitsu Ltd., Huawei Technology Co. Ltd., JDS Uniphase Corporation, and MRV Communications Inc.
are some of the key players operating in the global synchronous optical networking market.
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