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Optical Fiber Switch Market Segmentation by Technology (Mechanical, Liquid Crystal, Thermal Optical, Magneto, and Others); By Function (OOO, and OEO); by Number of Ports (up to 4, 4-16, 16-48, and 48 & above); by Port Speed (10Gbps, 25Gbps, 40Gbps, and Others); and by Application (Cloud Storage, Data Transmission, Cable Television, and Others) - Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Optical Fiber Switch Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Optical Fiber Switch Market Highlights Over 2020-2029

The optical fiber switch market is estimated to grow at a significant CAGR throughout the forecast period, i.e., 2021-2029, on the back of rising internet penetration globally, followed by the increasing utilization of cloud storage, and rising data transmission. According to the International Telecommunication Union, 41.69% of the world population used the internet in 2015 which rose to 44.8% in 2016. This rate crossed 51% in 2019, backed by the increasing social media usage and the increasing adoption of digital lifestyle. The rise in the demand for optical fiber switches can also be further attributed to the increasing efficiency of optical fiber switches and their ability to handle high speed data transmission.  However, the high costs of optical fiber switches present a challenge to the market growth.

On the basis of application, the market is segmented into cloud storage, data transmission, cable television and others, out of which, the cloud storage segment holds the highest growth potential, which can be attributed to the growing prominence of cloud storage applications. Cloud storage devices usually are interconnected with fiber optical cables and hence require numerous fiber optical switches to link the inter-connected hardware.

Internet Usage Growth (Population %), 2010-2017

Global Optical Fiber Switch Market Regional Synopsis

On the basis of regional analysis, the optical fiber switch market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The North America market is anticipated to hold the highest market share by the end of 2029 primarily on the back of the highest data traffic in the region. According to the data by International Telecommunication Union (ITU), as of 2018, 88.50% of the total population in the North America was documented to use the internet paving way for future opportunities in the region.

Alternatively, the Asia Pacific market is estimated to be the highest growing market for optical fiber switch on the back of technological advancements, increased mobile cellular subscriptions and internet penetration, growing digitalization, and population growth. For instance, according to the data by International Telecommunication Union (ITU), Asia Pacific recorded over 4.5 billion mobile cellular subscriptions in 2019.

Optical Fiber Switch Market Share Analysis (in %), by RegionThe global optical fiber switch market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis. CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation

Our in-depth analysis of the optical fiber switch market includes the following segments:

By Technology

  • Mechanical Optical Switch
  • Liquid Crystal Optical Switch
  • Thermal Optical Switch
  • Magneto Optical Switch
  • Others

By Function

  • All Optical (Optical-Optical-Optical or OOO)
  • Electro Optical (Optical-Electric-Optical or OEO)

By Number of Ports

  • Up to 4
  • 4 – 16
  • 16 – 48
  • 48 & above

By Port Speed

  • 10 Gbps
  • 25 Gbps
  • 40 Gbps
  • Others

By Application

  • Cloud Storage
  • Data Transmission
  • Cable Television
  • Others

Optical Fiber Switch Market Share (in %), Segmentation by Application

Growth Drivers

  • Growing Transit Towards Digitalization and Surge in Cloud Based Technology
  • High Efficiency of Optical Fiber Switches

Challenges

  • High Production and Installation Cost

Top Key Players Dominating the Optical Switch Market

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