Optical Networking Market Tops $3B; Offers Companies Better Data Traffic
Communicating at the speed of light means better reliability, faster traffic flow and even better security because photons can't be hacked. How can you go wrong?
The optical networking market should continue to do well into the coming months. Last year, enterprises spent about $1.6 billion in on optical networking equipment alone, of the $14.5 billion spent in the entire global market. In 2012, that number is estimated to increase to $2.6 billion. "If the indirect spending by service providers is included, direct and indirect enterprise spending is more like $3.3 billion rising to $4.8 billion, or about 25 percent of total global ON spending. So, this is a big market getting bigger," says Cooperson.
Many service plans are charging residential consumers a flat rate for bandwidth use, instead of charging by the proportion for the amount of bandwidth used. A more direct relationship between bandwidth use and charges needs to occur. Although growth in the optical networking market will slow down a bit, the world has gotten used to craving more bandwidth and will therefore continue to spend in this area. Regions that are slower to adopt new technologies will especially keep the growth of this market alive once they jump on the bandwagon.
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