Global ROADM WSS Business Report 2023-2030: Growing Focus on Connectivity Spells Bright Long-term Future for the IT & Telecom Sector


Dublin, April 19, 2023 (GLOBE NEWSWIRE) -- The "ROADM WSS Component: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global ROADM WSS Component Market to Reach $1.9 Billion by 2030

The global market for ROADM WSS Component estimated at US$756.8 Million in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 11.8% over the analysis period 2022-2030.

Blocker-based, one of the segments analyzed in the report, is projected to record a 11.1% CAGR and reach US$693.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wavelength Selective Switches (WSS) segment is readjusted to a revised 12.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $214.4 Million, While China is Forecast to Grow at 13% CAGR

The ROADM WSS Component market in the U.S. is estimated at US$214.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$379.1 Million by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 10.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.

What`s New for 2023?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages341
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$756.8 Million
Forecasted Market Value (USD) by 2030$1900 Million
Compound Annual Growth Rate12.2%
Regions CoveredGlobal

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Disruptions in the Communications Industry
  • IT & Telecom Plays Critical Role in COVID-19 Crisis Management
  • Growing Focus on Connectivity Spells Bright Long-term Future for the IT & Telecom Sector: ROADM WSS Component to Witness Healthy Growth
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • An Introduction to Reconfigurable Optical Add-Drop Multiplexers (ROADMs)
  • Wavelength Selective Switches (WSS): Vital Active Elements of ROADM
  • Select Technologies for ROADM Subsystems
  • WSS-based ROADM Architectures
  • Unique Advantages of ROADM WSS Components
  • Packet-Optical Transport Systems - An Overview
  • Factors Promoting Network Upgrade
  • Burgeoning Adoption to Ensure Seamless Communication Augments Growth of ROADM WSS Component Market
  • Recent Market Activity
  • WSS Segment to Exhibit Fastest Growth
  • Key Factors Aiding Expansion of Internet Data Center Market: Ranked by Importance Attached by Enterprises
  • Communication Sector Remains Primary End-User
  • While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Fast Growing Markets
  • Competitive Scenario
  • ROADM WSS Component - Global Key Competitors Percentage Market Share in 2022 (E)

MARKET TRENDS & DRIVERS

  • Spiraling Demand and Unique Advantages Fuel Demand for ROADM WSS Components
  • ROADM Brings Enormous Changes to Optical Fiber Networks for Enhanced Data Flows
  • From WDM to ROADM...
  • ...Next-Generation ROADMs
  • Rise in Global IP Traffic Entails Network Upgrade - Offers Growth Prospects for ROADM WSS Components
  • Entertainment Services and Enterprise Mobility Contribute to High Growth in Data Traffic
  • Cloud Computing Via Mobile Devices Drives Demand for Advanced Network Technologies and Higher Bandwidth
  • Growing Proliferation of Cloud Computing: Percentage Breakdown of Cloud IT Spending As a Percentage of Total IT
  • Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
  • The Need for High Bandwidth Offers Prospects for ROADM and WSS Components
  • Robust Growth for ROADM Suggests Opportunities for ROADM WSS Components
  • 3D WSS ROADM Devices Reduce cost for Branches in Submarine Networks
  • Optical Switching Witnesses Renaissance of OXCs

FOCUS ON SELECT PLAYERS (Total 26 Featured)

  • AC Photonics, Inc
  • ADVA Optical Networking SE
  • Agiltron, Inc
  • Ciena Corporation
  • Cisco Systems, Inc
  • Corning Incorporated
  • Enablence Technologies, Inc.
  • Finisar Corporation
  • Fujitsu Limited
  • II-VI Inc
  • Infinera Corporation
  • Lumentum Operations LLC
  • PacketLight Networks, Ltd

For more information about this report visit https://www.researchandmarkets.com/r/n1a9tb

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Global Market for ROADM WSS Component

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