The market for Cloud optical systems and componentry is expected to reach $3.1 billion by 2020.
(PRWEB) October 08, 2015
Wellesley, Mass., October 08, 2015 – Cloud computing is expected to increase considerably as more small businesses move to the system. BCC Research reveals in its new report that as demand builds for Cloud computing, the need for optical systems and components should increase significantly in the near term.
Cloud computing allows application software to be operated through Internet-enabled devices. A Cloud can be public, private or a hybrid of the two. Cloud computing relies on the sharing of resources in order to achieve coherence and economies of scale. Cloud computing has evolved through a number of phases, including Software as a Service (SaaS), grid and utility computing, and application service provision (ASP).
Increasing demand for both high-speed data transmission and storage of large amounts of data are driving growth of the optical systems and componentry market. Other growth factors include rising demand for access to stored data by a large number of users and the scalability and cost effectiveness of Cloud systems across various application segments.
The market for Cloud optical systems and componentry is expected to total $1.2 billion in 2015 and nearly $3.1 billion by 2020, reflecting a five-year (2015-2020) compound annual growth rate (CAGR) of 20.7%. Optical network terminals, the largest market segment, is projected to reach $412.2 million and $867.8 million in 2015 and 2020, respectively, corresponding with a five-year CAGR of 16.1%. Optical amplifiers, the fastest growing segment with a five-year CAGR of 35.5%, is projected to reach $47.3 million and $216.2 million in 2015 and 2020, respectively.
The optical systems and componentry market for Cloud computing should experience robust growth over the forecast period due to the continuing advent of Cloud computing systems and an increasing number of applications available on the Cloud. As more businesses shift their processes to the Cloud, demand for Cloud resources is soaring.
“Optical systems and components are integral parts of the Cloud computing system. With the gradual advent of Cloud computing systems, the usage of the optical components has increased rapidly in the past few years,” says BCC Research analyst Sinha G. Gaurav. “The passive optical network (PON) is one of the most popularly used systems in Cloud computing. In addition, with rapid urbanization and usage of Cloud computing in information and technology, the demand for optical systems is expected to increase rapidly.”
Optical Components and Systems for Cloud Computing (PHO020A) examines global markets by component, system, application, and geography. The reports analyzes market sizes, value chains, product trends, and the competitive landscape. Data from 2014, estimates for 2015, and projections of CAGRs through 2020 also are provided.
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About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email firstname.lastname@example.org.