Technology Industry
Industry: Email Alert RSS FeedStrong growth continues for the worldwide optical networking market in 2006, according to IDC.(MARKET INTELLIGENCE)
Photonics Components & Subsystems, May, 2006
This year looks to be extremely positive for the optical networking equipment market, according to IDC. Outpacing the general growth of the telecommunications market, the worldwide optical networking market will increase at a 12 percent compound annual growth rate (CAGR), rising from $7.9 billion in 2005 to over $13.9 billion in 2010.
"Prospects for the optical networking market continue to improve as service providers are replacing legacy equipment with next-generation equipment faster than expected," said David Emberley, research manager, Telecommunications Equipment, IDC. "Growth in Metro WDM and multi-service provisioning platforms is being driven by a combination of carrier broadband services, initial and planned video services, cellular data...
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