The global packet optical terminal market is anticipated to grow at a significant CAGR during the forecast period 2024-2031. Packet optical terminal is an advanced technology-based terminal that is specifically intended for the period of automation, it empowers operators to utilize all the advantages of open networking in the DCI space. Packet optical terminals consolidate the speed and significant distance connectivity of DWDM optics with IP packet technologies for layer 2 and 3 networking protocols and highlights.
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The increasing implementation of packet-optical terminals for improved interoperability, significantly reducing complexity, and complete standardization throughout the data center are one of the major factors that are expected to drive the global packet-optical terminal market during the forecast period. Additionally, the rising demand for unique software and exceptional programming solution with economically stable and high-performance web-scale transport is anticipated to supplement the market growth of the global packet-optical terminal market during the forecast period.
Moreover, some key players present in the global packet optical terminal market include ADVA Optical Networking, Alcatel-Lucent S.A., Ciena Corp., Cisco Systems, Inc., and others adopted various strategies that include product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in October 2019, ADVA announced the launch of the Voyager system, the industry’s first fully open and disaggregated packet optical solution as part of the Telecom Infra Project (TIP). The system offers a completely open 1RU device with 200Gbit/s optics that integrate packet and DWDM technology to be utilized for metro and long-haul fiber-optic networks. It enables service providers to gain an elevated reach and optimized balance of capacity to witness significant throughput.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
- Competitive Landscape- ADVA Optical Networking, Alcatel-Lucent S.A., Ciena Corp., Cisco Systems, Inc., and 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 Packet Optical Terminal Market Report Segmentation
By Product Type
- High Capacity
- Medium Capacity
- Small Capacity
By Applications
- Oil & Gas
- Submarine
- Transportation
- Mining
- Healthcare
- Energy
- Telecom
- Others
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