Global Passive Optical LAN Market Research Report 2020-2022 By Players, Regions, Types & Applications
Global Market for Passive Optical LAN Set to Surge at a Double-Digit CAGR Between 2016 and 2022
Passive Optical LAN also referred as POL is widely utilized by businesses and enterprises to achieve robust network performance. POL is a novel application of a proven access network solution that is gaining popularity among private and public entities such hotels, educational institutes, hospitals etc. Cost benefits and minimum installation requirements are among the key reasons behind the network technology’s exemplary growth. POL can be easily deployed using single network, facilitating a faster installation process. The aforementioned factors are expected to drive the global market for passive optical LAN over the next couple of years. As per the recent study conducted by Market Research Future (MRFR), the market will exhibit an impressive CAGR of 19% during the forecast period (2016-2022) to reach a valuation of USD 50 Bn.
Morden businesses seek to employ the best access network solutions to improve internal connective as well as to create a better access point for their clients. For many enterprises, having an uninterrupted connection with their clients is key to future growth where broadband networks play an important role. POL solutions are much more effective as compared to traditional LAN systems. POL utilises cutting-edge electronic apparatus such as fiber optics and optical splitters to deliver a performance, which is not only efficient but cost-effective as well. In addition, the advent of POL has minimized the usage of non-renewable electrical components to a significant extent, making it an eco-friendly solution. Optical fiber being a superior cable material comprehensively reciprocates the viability of passive optical LAN. Further, issues of disconnection and downtime are negligible in POL powered networks. Various other superior characteristics of POL over conventional LAN has led to an inclination towards the former.
Passive Optical LAN Market: Segmental Analysis
Based on component, Global Passive Optical LAN Market has been segmented into Cables,Power Splitter, Coupler, Connector, Trans-Receiver and Amplifier. By type, the market has been segmented into EPON and Gigabit-capable Passive Optical Networks (GPON). By application, the market has been segmented into includes Synchronous Digital Hierarchy, Loop Feeder, Hybrid Fiber-Coaxial Cable, and Synchronous Optical Network. By end-user, the market has been segmented into BFIS, Healthcare, Government, Manufacturing, and Education.
The market in Asia Pacific (APAC) is expected to present lucrative growth opportunities in 2018 and beyond. Rising demand for robust network infrastructure in some of the fast-developing APAC countries such as India and China is expected to support the growth of the market in the region. Moreover, the region is witnessing a greater internet penetration of late, which is auguring well for market players operating in APAC. In recent years, the data consumption has grown at a rapid pace in Asian countries, making it a hot destination for investors. At the same time, favourable policies introduces by local policy makers are creating new growth avenues for internet service providers. During the forecast period, North America is expected to retain it second spot and present considerable growth opportunities for players. Growing preference for energy-efficient and environment-friendly technology solutions in the US and Canada is likely to propel the demand for POL in the region.
Passive Optical LAN Market: Competitive Landscape
Some of the key players operating in the market include Ericsson Inc. (Sweden), TE Connectivity Ltd. (Switzerland), ZTE Corporation (China), 3M Company (US), Zhone Technologies Inc., (US), Huawei Technologies Co. Ltd. (China), Alcatel Lucent SA (France), ADTRAN, Inc. (U.S.), Verizon Communications Inc. (U.S.), and Tellabs Inc. (US)
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