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NEW YORK , Feb. 21, 2022 /PRNewswire/ -- The "Passive Optical LAN Market by Component and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the passive optical LAN market between 2021 and 2026 is USD 21.85 billion, as per the latest market outlook report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 17.10% during this period.
To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
The high demand for high-speed broadband services and increased adoption of the internet of things (IoT), cloud-based services, and ongoing technological advancements are some of the key market drivers. The demand for higher data rates continuously increases, thereby necessitating improvements to the existing network architecture. The demand for high-speed internet is further fueled by the increase in consumption of live-streaming services and the adoption of cloud-based services.
However, factors such as limited infrastructure for fiber-optic networks will challenge market growth. Replacing copper cables with fiber optics is an expensive and time-consuming process as it requires trained professionals for installation. Hence, firms are focusing on using G.fast chipsets that can be installed in distribution power unit (DPU) or customer premises equipment (CPE) devices, which will use the existing copper cabling. This will hinder the adoption of fiber optics and impact the growth of the market during the forecast period.
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The passive optical LAN market report is segmented by Component (Optical line terminal, Optical splitter, and Optical network terminals) and Geography (APAC, North America , Europe , South America , and MEA). The optical line terminal component held the largest passive optical LAN market share in 2021. The segment will continue to retain its market dominance during the forecast period. The growth in this segment will be supported by the application of OLT in converting the standard signals used by a Fiber Optic Service (FiOS) service provider to the frequency and framing used by the PON system. APAC will be the leading region with 37% of the market's growth during the forecast period. Singapore , South Korea (Republic of Korea), and China are the key markets for passive optical LAN market in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The significant increase in the number of telecom subscribers and the rise in demand for high-speed Internet among consumers will facilitate the passive optical LAN market growth in APAC over the forecast period.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Top Passive Optica LAN Market Companies with their Offerings and Strategic Initiatives
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Passive Optical LAN Market Scope
Accelerate at a CAGR of 17.10%
APAC, North America, Europe, South America, and MEA
US, Singapore, South Korea (Republic of Korea), Canada, Sweden, and China
Leading companies, competitive strategies, consumer engagement scope
3M Co., ADTRAN Inc., ALE International, Calix Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Huawei Investment and Holding Co. Ltd., TE Connectivity Ltd., Tellabs Access LLC, and ZTE Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us 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 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.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[email protected] Website: www.technavio.com/
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