The Optical Wavelength Services Market size is expected to grow from USD 4.33 billion in 2023 to USD 7.54 billion by 2028, at a CAGR of 11.71% during the forecast period (2023-2028).
The Optical Wavelength Services Market currently experiences moderate competition, but this sector is expected to grow as vendors plan new product launches, partnerships, and acquisitions. Some of the market leaders in this segment include Zayo Group, Nokia, Century Link, Verizon Wireless, Century Link, and Windstream Communications. Compared to other network setups, optical wavelength networks offer a scalable solution that can quickly increase capacity to combat slower data transfer speeds or address traffic bottlenecks.
In March 2022, Enet, a telecom network provider, signed a contract with EXA Infrastructure to establish new high-speed datacentre-to-datacentre optical network connections between Dublin and data centers in Europe and the North Atlantic. This International Wave project aims to provide price-competitive, secure, high-speed, and transparent inter-datacentre connectivity.
In the same month, Zayo Group Holdings, a provider of fiber-based communications solutions, collaborated with Infinera, a networking solutions provider, to jointly develop the world's longest-known terrestrial 800G optical wavelength in a commercial network that covers 1,044.51 km. With the integration of Infinera's hardware solutions, the project was able to fulfill the demand for more bandwidth at higher line rates. The Zayo-owned fiber route spans from Springville, Utah, to Reno, Nevada, and is lit and powered by Infinera’s ICE6 800G coherent technology. This development showcases the potential of optical wavelength services to meet the growing demand for high-speed data transfer and network connectivity.
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