Optical Wavelength Services Market Expected to Grow $4.9 billion by 2023
According to research report “Optical Wavelength Services Market by Bandwidth (Less than 10 Gbps, 40 Gbps, 100 Gbps, and More than 100 Gbps), Application (SONET, Ethernet, and OTN), Interface (Short Haul, Metro, and Long Haul), Organization Size, and Region – Global Forecast to 2023?, The global OWS market size is expected to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. The adoption rate of OWS solutions is expected to grow, owing to the increasing demand for high-speed internet and bandwidth-intensive applications, and a need for minimizing capital expense and IT resource.
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