Connect with us

Technology

Optical Network Hardware Market to Grow by USD 6.78 Billion from 2024-2028, Driven by Rising Mobile Data Traffic, AI Powered Report Reveals – Technavio

Published

on

NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global optical network hardware market size is estimated to grow by USD 6.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.73% during the forecast period. Growing mobile data traffic is driving market growth, with a trend towards emerging new age technologies and their requirements scaling business opportunities for optical network hardware market. However, limited spectral efficiency in optical fiber network poses a challenge. Key market players include Adtran Holdings Inc., ADVA Optical Networking SE, ALE International, Ciena Corp., Cisco Systems Inc., E.C.I. NETWORKS INC., Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., II VI Inc., Infinera Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., Padtec Holding S.A., TE Connectivity Ltd., Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Optical Network Hardware Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.73%

Market growth 2024-2028

USD 6788.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.02

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 35%

Key countries

US, China, Germany, India, and UK

Key companies profiled

Adtran Holdings Inc., ADVA Optical Networking SE, ALE International, Ciena Corp., Cisco Systems Inc., E.C.I. NETWORKS INC., Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., II VI Inc., Infinera Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., Padtec Holding S.A., TE Connectivity Ltd., Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp.

Market Driver

The increasing data volume from data-centric applications is driving the demand for optical network hardware due to the growing network traffic. The Internet of Things (IoT) and sensor networks are also significant contributors to this market’s growth. The IoT’s success relies on providing optimal services to users, which requires high-speed connectivity. A fiber network is essential for this, making optical network hardware a crucial component of the IoT. Optical network hardware enables high-speed data sharing and cost-effective scaling for Internet infrastructure to manage growing network traffic. The IoT integrates technologies like hardware design, data communication, and data storage and mining, making extensive use of optical network hardware. Consequently, the optical network hardware market is poised to experience revenue growth due to the IoT’s increasing adoption. 

The Optical Network Hardware market is experiencing significant growth due to the increasing demand for high bandwidth communication technology. This trend is driven by the proliferation of LEDs and Lasers in optical amplifiers, enabling high-speed data transmission through fiber optical cables. The cloud and colocation operators are leading the way, requiring advanced hardware like packet switches and high-speed servers to support virtualized offerings. The rise of mobile services and connected devices, including smartphones and computers, is fueling the need for broadband infrastructure applications, such as fiber-to-the-home (FTTH) and broadband infrastructure. Telehealth and virtual healthcare are also key areas of focus, with the need for reliable, high-speed connections for streaming content and video conferences. Rural communities are benefiting from the expansion of optical networks, with spectrum ranges being allocated to provide access to high-speed internet. Fiber management and skilled personnel, including hardware engineers, are essential to ensure the physical infrastructure can support the growing demand for 100 Gbps data rates and full duplex transmission. Wavelength-division multiplexing (WDM) and multiplexing technologies are crucial for maximizing bandwidth and efficiency in optical networks. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

The global optical network hardware market growth is currently challenged by the limited spectral efficiency in optical fiber networks. This issue restricts industry players from maximizing data transmission capacity and meeting the increasing demands for high-speed connectivity, particularly in critical sectors like long-haul telecommunications. Coherent optical communication technologies, featuring advanced modulation formats and signal processing techniques, have emerged as a significant solution. By enabling the simultaneous transmission and reception of multiple signals over a single optical fiber, coherent systems have significantly increased spectral efficiency, enhancing network capacity. Optical amplification solutions, such as Raman amplification and erbium-doped fiber amplifiers (EDFAs), have also played a vital role in mitigating spectral efficiency limitations. These amplification technologies extend transmission system reach and capacity, facilitating high-quality signal transmission over extended distances without significant degradation, thereby optimizing spectral usage. However, these factors may hinder the growth of the global optical network hardware market during the forecast period.The Optical Network Hardware market is experiencing significant growth due to increasing demand for high-speed internet connectivity in various industries. Fibre optic communication is at the heart of this trend, with its ability to provide bandwidth capabilities for digital content consumption and real-time data collection. However, challenges such as network security breaches and low latency requirements pose significant hurdles. Bandwidth requirements are escalating due to internet traffic, video streaming, and edge computing. Long-haul networks, data centres, and enterprise communication in sectors like financial services, healthcare, and telecommunications are driving the need for optical transceivers, multiplexers, amplifiers, and other optical networking components. 5G wireless networks and smart cities are also fueling the market’s growth. The adoption of packet-based networks, automation, network control, and virtualizing network services is essential to meet the demands of high-performance connectivity. Distributed networking architectures and data processing are further key trends. Overall, the Optical Network Hardware market is poised for continued expansion, addressing the needs of urban infrastructure, real-time monitoring, and high-speed internet connectivity.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This optical network hardware market report extensively covers market segmentation by

Type 1.1 Broadband infrastructure1.2 Fiber optic network1.3 Datacenter1.4 Smart citiesApplication 2.1 WDM2.2 SONET/SDHGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Broadband infrastructure- The Optical Network Hardware market is experiencing significant growth due to increasing demand for high-speed data transmission. Key players include Cisco Systems, Huawei Technologies, and Juniper Networks. Fiber optic cables and related components are the primary focus of this market. Network operators are investing in advanced technologies like Dense Wavelength Division Multiplexing (DWDM) and Coherent Optical Systems to enhance network capacity and efficiency. The market is expected to continue expanding, driven by the rising need for faster and more reliable data transfer.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Optical Network Hardware market is a dynamic and evolving sector of communication technology that leverages light as a carrier to transmit data. Key components include LEDs and lasers for signaling, optical amplifiers for boosting signals, and fiber optical cables for transmission. High bandwidth services, such as cloud and colocation, are driving demand for this technology. Packet switches, virtual devices, mobile devices, Wi-Fi, IoT technology, and 5G networks also rely on optical network infrastructure for reliable data transmission. Wavelength-division multiplexing and fibre optic communication enable high-speed, low-latency data transmission for data-intensive applications like cloud computing and data centers. Optical network hardware offers the bandwidth capabilities necessary for the next generation of communication technology.

Market Research Overview

The Optical Network Hardware Market is a dynamic and evolving sector of communication technology that leverages light-based signals transmitted through optical fibers for high-speed data transmission. Key components include LEDs and lasers for signal generation, optical amplifiers for signal boosting, and fiber optical cables for transmission. High bandwidth services such as cloud, colocation operators, and data centers require reliable and high-speed optical network infrastructure. Physical infrastructure like high-speed switches, servers, and virtualized offerings support the delivery of high-bandwidth internet to smartphones, computers, and other connected devices. The market also caters to emerging applications like Fiber-to-the-Home (FTTH), broadband infrastructure, telehealth, virtual healthcare, streaming content, video conferences, and rural communities. Optical network hardware supports various spectrum ranges and offers features like fiber management, skilled personnel, and hardware engineers. Technologies like wavelength-division multiplexing (WDM), full duplex transmission, and OEO conversion enable high-speed, reliable data transmission for data-intensive applications and 5G networks. Optical transceivers, multiplexers, and amplifiers are crucial components for long-haul networks and fiber optic networks. The market is driven by the increasing demand for high-speed internet, digital content consumption, and data-intensive applications. However, network security breaches and the need for low latency and edge computing are also significant challenges. The market is expected to grow significantly due to the proliferation of IoT technology, big data analytics, and software control in various industries like financial services, healthcare, and enterprise communication.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBroadband InfrastructureFiber Optic NetworkDatacenterSmart CitiesApplicationWDMSONET/SDHGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/optical-network-hardware-market-to-grow-by-usd-6-78-billion-from-2024-2028–driven-by-rising-mobile-data-traffic-ai-powered-report-reveals–technavio-302255830.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

REVIVER® Joins Forces with ROADMEDIC® and SENSAGRATE in LiDAR Saving Lives Public Safety Coalition’s 9-1-1 Dispatcher Visibility Demonstration Project

Published

on

By

REVIVER® Aims to Play a Key Role in Improving Post-Crash Care Through the USDOT’s (FY)2025 Safe Streets and Roads for All (SS4A) Grant Program with over 50,000 Digital License Plates on the Road Today

GRANITE BAY, Calif., Sept. 24, 2024 /PRNewswire/ — REVIVER®, the pioneering manufacturer of the first and only legal digital license plate in the world (the RPLATE®), is proud to announce its participation as a founding company in the LiDAR Saving Lives Public Safety Coalition’s (LSL) groundbreaking 9-1-1 Dispatcher Visibility Demonstration Project. This vital initiative aims to improve post-crash care by leveraging advanced technology integrated into the REVIVER® platform to provide real-time visual context to 9-1-1 dispatchers and first responders. The project aims to play a key role in USDOT’s (FY)2025 Safe Streets and Roads for All (SS4A) Grant Program. With over 50,000 RPLATES installed on vehicles in California and Arizona today, REVIVER® has a proven platform to demonstrate and quickly broaden adoption of connected vehicle safety initiatives.

REVIVER® Joins Forces with ROADMEDIC® and SENSAGRATE in LiDAR Saving Lives Public Safety Coalition

In collaboration with ROADMEDIC®, a leader in automotive emergency communication systems, and SENSAGRATE, a provider of intelligent visual sensor technology, REVIVER® will become the gateway to democratizing vehicle safety for virtually all year, make, and model vehicles by integrating real-time data transmission and visual context into the Next Generation 911 (NG911) system via the REVIVER® RPLATE® platform. This integration will enable 9-1-1 dispatchers to receive critical information, including images and videos, from motorists in roadside emergencies. This enhanced situational awareness will significantly improve the accuracy and speed of emergency responses, improving incident victim outcomes and ultimately saving lives.

“REVIVER’s goal is to utilize digital license plates to modernize vehicle registration compliance and to leverage developing technologies to help save lives,” said Neville Boston, Founder and Chief Strategy Officer of REVIVER®. “By combining REVIVER’s RPLATE digital license plate technology and companion APP with the expertise of ROADMEDIC® and SENSAGRATE, we are realizing our vision. REVIVER will be setting a new standard for emergency response via direct vehicle connectivity. Our involvement in the LiDAR Saving Lives Public Safety Coalition’s 9-1-1 Dispatcher Visibility Demonstration Project reflects our commitment to advancing safety on our roads and enhancing post-crash care.”

The 9-1-1 Dispatcher Visibility Demonstration Project will showcase the world’s first end-to-end, real-time infrastructure-to-everything (I2X) communication system. This system integrates collision detection, IP-based 9-1-1 data transmission, and real-time visual context, providing first responders with unprecedented insight into roadside emergencies. The project is set to play a pivotal role in the evolution of NG911, making emergency services more effective and responsive to the needs of motorists. Additional connected safety collaborations are expected to be announced shortly that will include solutions to increase driver awareness of local first-responder activities to reduce the occurrence of secondary incidents.

As part of REVIVER®’s ongoing commitment to safety innovation, REVIVER® will participate in the panel session entitled “911’s Role in the Connected Safe System Approach” at the upcoming COVESA All Member Meeting, taking place September 25-26, 2024, in Novi, Michigan. This session will bring together industry leaders to discuss the critical role of 9-1-1 in the evolving connected vehicle ecosystem, with a focus on improving post-crash care through advanced technology and cross-industry collaboration.

The COVESA All Member Meeting is a key event for the connected vehicle community, offering a platform for collaboration and innovation. REVIVER®’s participation underscores their leadership in driving the adoption of NG911 and enhancing the role of connected technology in public safety.

About REVIVER®: REVIVER® is the creator of the world’s first digital license plate platform, revolutionizing the way people interact with their vehicles. The REVIVER® RPLATE® and companion app offer unprecedented convenience, personalization, and safety features, transforming the license plate into a connected vehicle platform. REVIVER® is committed to leveraging technology to improve vehicle safety and support the transition to a connected, digital automotive ecosystem. www.reviver.com

About ROADMEDIC®: ROADMEDIC®, an authorized automotive OEM tier 1 supplier, is an automotive 9-1-1 software company dedicated to improving emergency response through instantaneous IP-based data transmission from motor vehicles to 9-1-1 centers. Their innovative solutions enhance the speed and accuracy of emergency responses, saving lives and reducing harm in the event of a crash. www.roadmedic.com

About SENSAGRATE: SENSAGRATE provides advanced intelligent visual sensor technology designed to improve road safety by integrating real-time data with vehicle and infrastructure systems. Their cutting-edge solutions enable precise collision detection and seamless communication with emergency services, enhancing the effectiveness of post-crash care. www.sensagrate.com

About LiDAR Saving Lives Public Safety Coalition (LSL): The LiDAR Saving Lives Public Safety Coalition is a nonprofit 501(c)(4) organization dedicated to improving public safety through the integration of advanced technology in emergency response systems. LSL collaborates with industry leaders, municipalities, and public safety agencies to enhance post-crash care and reduce roadway fatalities. www.lslcoalition.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/reviver-joins-forces-with-roadmedic-and-sensagrate-in-lidar-saving-lives-public-safety-coalitions-9-1-1-dispatcher-visibility-demonstration-project-302257802.html

SOURCE Reviver

Continue Reading

Technology

TURKI ALALSHIKH ANNOUNCES LAUNCH OF AL-HILAL CHANNEL ON DAZN, TO BE SPONSORED BY RIYADH SEASON

Published

on

By

LONDON, Sept. 25, 2024 /PRNewswire/ — Today, in the presence of His Excellency the Chairman of the General Entertainment Authority (GEA), Turki bin Abdulmohsen Alalshikh, DAZN and Al-Hilal Saudi Football Club signed a Memorandum of Understanding (MoU), marking the first step in launching a dedicated global club channel on DAZN, which is to be sponsored by Riyadh Season.

As part of this sponsorship, Riyadh Season will oversee the content and programs broadcasted on the channel, contributing to a unique experience for the club’s fans. In a statement at the signing ceremony, HE Turki Alalshikh explained that this channel will feature exclusive programs and interviews, daily reports on training sessions, behind-the-scenes access to the players’ locker rooms, and will broadcast certain friendly matches. It will also include programs sponsored by Riyadh Season, featuring some of the top stars worldwide.

This partnership is part of a collaboration between three leading entities in the fields of entertainment, media, and sports: Riyadh Season, which supports the channel as the official sponsor; DAZN, the largest broadcaster of football worldwide; and Al-Hilal, the most decorated club in the Saudi Pro League, with numerous league titles and AFC Champions League victories.

This collaboration brings world-class content from Saudi Arabia to fans worldwide and will enhance the club’s presence in the international media landscape. This exclusive channel will be available globally and for free on the DAZN app, offering football fans around the world unparalleled access to one of the most iconic teams in the Middle East.

It will allow fans to follow the matches, along with a wide variety of exclusive content, including interviews with players and coaching staff, as well as behind-the-scenes footage from training sessions and match days. The content will also feature special reports highlighting the club’s history, achievements, and future vision.

The signing took place in London between Al-Hilal Saudi Club, represented by the Chairman of Al-Hilal Company, Mr. Fahad bin Nafel, and DAZN, represented by Kacy Grine, President of DAZN in the Middle East and North Africa.

HE Turki Alalshikh said: “We don’t have specialised channels similar to international club channels, so this is a great opportunity to achieve that, especially with a global partner focused on success. This comes at a time when we have achieved great success in boxing and other events, and I am confident that Al-Hilal’s fanbase subscribing to the platform could reach up to two million people.”

Kacy Grine, President of DAZN in MENA, said: “It is an honour to partner with one of the best clubs in world and bring together three global brands, DAZN, Al Hilal and Riyadh Season.

We look forward to telling fans around the world, the exciting story of a club which continues to make history. With the support of Riyadh Season, this proposition becomes even more remarkable and ambitious, demonstrating the global appeal of Saudi sports and entertainment”.

Through this exciting new venture, fans will be able to follow Al-Hilal’s stellar squad, featuring some of the biggest names in world football. Recent signings have added significant international star power to the team, which already boasted an impressive roster of talent. These footballing icons bring not only their exceptional skill but also a vast global fanbase, making Al-Hilal a focal point for millions of football fans worldwide.

Al-Hilal’s rich legacy of success — both domestically and on the international stage — has seen the club become the most decorated in the Saudi Pro League, with numerous SPL titles and AFC Champions League triumphs.

The intended launch of Al-Hilal channel on DAZN will further cement the club’s status as a global football powerhouse, expand its reach to new audiences and provide existing fans with even more exclusive content and insight into the team’s journey.

Video – https://mma.prnewswire.com/media/2514811/Al_HilalxDAZN_Signing_Ceremony.mp4
Photo – https://mma.prnewswire.com/media/2514803/Al_HilalxDAZN.jpg
Photo – https://mma.prnewswire.com/media/2514802/Al_HilalxDAZN.jpg
Logo – https://mma.prnewswire.com/media/2514800/DAZN_Logo.jpg
Logo – https://mma.prnewswire.com/media/2514801/Riyadh_Season_Logo.jpg
Logo – https://mma.prnewswire.com/media/2514813/AL_HILAL_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/turki-alalshikh-announces-launch-of-al-hilal-channel-on-dazn-to-be-sponsored-by-riyadh-season-302257807.html

SOURCE DAZN

Continue Reading

Technology

Cyvatar Lands Growth Funding Package from Decathlon Capital Partners

Published

on

By

Revenue-based transaction will fund expansions of the cybersecurity company through an innovative, shareholder-friendly financing structure

IRVINE, Calif., Sept. 24, 2024 /PRNewswire-PRWeb/ — Cyvatar, a cybersecurity platform tailored to serve small-and-mid-size businesses, start-ups, and supply chains, has landed a growth funding package from Decathlon Capital Partners to support its continued expansion. Details of the revenue-based investment package were not disclosed.

Cyvatar will use the capital to continue its investment in platform development and enhance its service delivery capabilities and customer service capacity. The first cybersecurity-as-a-service (CsaaS) provider allows small-and-mid-size businesses to easily implement security measures that will protect them from ransomware and BEC attacks through proven solutions.

Corey White, the Founder and Chief Experience Officer of Cyvatar, said that Cyvatar works continuously to protect businesses from vulnerabilities. “Our work doesn’t stop after we help a business identify security gaps and build and implement a workable strategy,” White said. “What matters most to our team is our clients’ cyber safety, which we work around the clock to maintain.”

Headquartered in Irvine, California, Cyvatar will repay its investment to Decathlon Capital Partners through its future revenues. Cyvatar was not required to give up any control of the company, and no equity or ownership was exchanged for growth capital.

John Borchers, Managing Director of Decathlon Capital Partners, said that Cyvatar’s flexible pricing options make it more sustainable for many businesses. “Having the ability to choose a subscription, similar to streaming service options, makes the idea of having a cybersecurity platform more attractive for many businesses that may otherwise not invest in one,” Borchers said. “We are excited to see what the future has in store for Cyvatar.”

About Cyvatar
Cyvatar is a leading managed cybersecurity-as-a-service provider, empowering small and mid-sized businesses to achieve security success. By integrating innovative technology, expert guidance, and tailored solutions, Cyvatar simplifies cybersecurity with proactive monitoring, automated workflows, and ongoing support. Headquartered in Irvine, CA, Cyvatar is committed to making cybersecurity effortless, effective, and accessible. Learn more at http://www.cyvatar.ai.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at http://www.decathloncapital.com.

Media Contact

Cyvatar Press, Cyvatar, 855-520-9966, getoutcomes@cyvatar.ai, https://cyvatar.ai/

View original content:https://www.prweb.com/releases/cyvatar-lands-growth-funding-package-from-decathlon-capital-partners-302257809.html

SOURCE Cyvatar

Continue Reading

Trending