Optical Network Equipment Market: Overview The COVID-19 pandemic has hurt various sectors badly but some sectors have a great opportunity to expand their growth graph. The optical network equipment market is one of them. Analysts predict a tectonic shift in the growth rate of the optical network equipment market during the forecast period of 2019-2028. Currently, the main factor that can bring a positive impact on the growth rate of the optical network equipment market is the rise in the amount of work-from-home instances. As the COVID-19 started casting its horrendous shadow on the globe with the rising number of infected cases each day, the global populace was placed under a stringent lockdown imposed by governments in numerous countries. This initiated an expansion of the work-from-home landscape and massive use of the internet, eventually proving to be a growth generator for the optical network equipment market. This upcoming report on the optical network equipment market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID19 pandemic will impact the optical network equipment market. The segmental study enables an individual to thoroughly understand the optical network equipment market. Get sample copy at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=733 Optical Network Equipment Market: Competitive Analysis and Key Developments The optical network equipment market is a highly competitive market with a plethora of local and international players in the fray. Growing investments in research and development activities by the key players in the optical network equipment market are paving way for cutting-edge optical network equipment that can provide efficient and precise internet services to the consumer without any flaws or disturbances. Huawei is facing a tough challenge ahead as the U.S. administration recently banned U.S. companies from carrying trading activities with Huawei. The ban revolved around 5G technologies. Being one of the world’s largest network equipment suppliers, this development may hinder the growth of the optical network equipment market to a certain extent. Some well-entrenched players in the optical network equipment market are Fujitsu Ltd., Huawei Investment & Holding Co. Ltd, Nokia Corp., Telefonaktiebolaget LM Ericsson, ZTE Corp., Cisco Systems Inc., and ALE International.
Huawei and China Mobile Guangdong announced the launch of the world’s first enterprise private line service based on Next-Generation Optical Transport Network (NG OTN) technology between Liwan and Dongfengzhong districts.
An Australian research team recently broke the record in terms of internet speed, delivering a pathbreaking 44.2 terabits p/second from a single optical chip.
Nokia and STC Group sign a five-year agreement to buy advanced optical network technologies from Nokia’s end-to-end portfolio for mobile and fixed networks. Nokia also announced the acquisition of Elenion to improve its advanced optical connectivity solutions. These developments highlight the growing focus of Nokia to strengthen its position in the optical network equipment market.