MarketsandMarkets forecasts the Optical Wavelength Service (OWS) market size to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
Optical Wavelength Service is defined as a dedicated bandwidth connectivity that offers high-speed internet services, delivered over fiber optic lines. It is majorly utilized by businesses involved in telecommunications, Internet Service Providers (ISPs), and wholesale internet access. It meets the application needs of high bandwidth capacity and supports multiple interfaces, such as Ethernet, Synchronous Digital Hierarchy (SDH)/Synchronous Optical Networking (SONET), and Optical Transport Network (OTN).
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Top Key Players
In the OWS market, the key and emerging market players include Zayo Group (US), Nokia (Finland), Verizon (US), GTT (US), CenturyLink (Louisiana), AT&T (US), Sprint (US), Comcast (US), Colt Technology Solution (UK), Crown Castle (US), Windstream Enterprises (US), Charter Communications (US), Cox Communications (US), and Jaguar Network (France). These players have adopted various strategies to grow in the global OWS markets.
Among application, the metro segment holds largest market share during the forecast period
The increasing bandwidth demand and connectivity between Data Centers (DCs) along with adoption of consumer 4K and higher video content and services on n number of devices are major drivers for the adoption of metro applications. Most of the service providers are looking forward to increase the wavelength speed by moving to metro applications.
In terms of regions, North America to account for the largest market size duringthe forecast period
North America is expected to be the main revenue contributor to the OWS market. The growth in this region is expected to be driven by the presence of prominent OWS providers, such as Zayo, Verizon, GTT, CenturyLink, and AT&T. Moreover, the presence of a large number of optical wavelength solution providers in the country creates a healthy competition, which would benefit the growth of OWS in the future.
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