On the basis of technology, the optical networking and communication market is segmented into fiber channel, sonnet/SDH and WDM. WDM is further sub-segmented into DWDM and CWDM.

Among all these segments, the broad segment fiber channel is expected to generate the largest revenue throughout the estimated period.

This technology enables users to adopt more storage systems, enhanced scalability and severs the connection.

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The optical networking and communication market is segmented into the enterprise, telecom, and data center. Among all these segments, data center is expected to witness the fastest growth during the forecast period since data centers provide business organizations storage, communication and computation space.

Large bandwidth at lower cost, increasing telecom industry, increasing adoption of cloud-based services and increasing deployment of data centers are the key factors that is pertaining towards the growth of the optical networking and communication market.

North America has been the largest optical networking and communication market, globally and it is anticipated to remain so during the forecast period.

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Key players in optical networking and communication market are investing in improving the quality of their products, entering into strategic alliances in order to revamp their offerings and developing latest technologies that are strengthening their position in the market.

The prominent players in the optical networking and communication market are ADVA Optical Networking SE., Verizon Communications Inc., Cisco Systems Inc., JDS Uniphase Corporation, CIENA Corporation, Fujitsu Ltd., Alcatel-Lucent, Inc., Huawei Technology Co. Ltd., MRV Communications Inc. and Ericsson Inc.

Source: VynZ Research