The global optical network management market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors contributing to the growth of the global optical network management market include the rising demand for high bandwidth and the growing adoption of cloud storage. Additionally, digital traffic flow growth over the existing network will boost the growth of the market.
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The use of an optical network management system increases network availability, increases visibility into network performance, and speeds up service delivery. Optical network management benefits organizations by increasing network availability, improving quality of service (QoS), simplifying service level agreement (SLA) management, and providing accurate information on service status. Optical network management concentrates on the network in real-time to protect it from unexpected network failures.
The major players contributing to the growth of the global optical network management market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include Cisco System Inc., Alcatel-Lucent, ADVA Optical Networking, Ciena Corporation, Motorola Broadband Communications, among others. For instance, in August 2021, Vocus, Australia’s premier fiber and network solutions provider, announced that Nokia’s solution was used to build up the 200G optical lines that span over 4,100 kilometers between Brisbane and Darwin. Vocus’ optical network between Adelaide, Brisbane, and Darwin is being upgraded using Nokia’s 1830 Photonic Service Switch (PSS) to offer 200G, with the capacity to quickly supply 300G and 400G in the near future. The Vocus capacity expansion now includes more than 7,100 kilometers of fiber.
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Market Coverage
- Segment Covered-
o By Component Type
o By Technology
o By Industry
- Competitive Landscape- Cisco System Inc., Alcatel-Lucent, ADVA Optical Networking, Ciena Corporation, Motorola Broadband Communications, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Optical Network Management Market- Segmentation
By Component Type
- Optical Fiber
- Optical Amplifier
- Connector
- Optical Splitters
- Fiber Optic Circulators
- Optical Transceivers
- Fiber Optic Sensors
- Optical Switches
By Technology
- Synchronous Optical Network (SONET)
- Width Division Multiplexing (WDM)
By Industry
- IT and Telecommunications
- Manufacturing
- Transportation and Logistics
- Defense and Government
- BFSI
- Healthcare
- Retail
- Energy and Utilities
- Others
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