Transparency Market Research has published a new report on the global Passive Optical Network (PON) equipment market. As per the report, the global passive optical network (PON) equipment market is predicted to expand at a 20.70% CAGR during the period between 2015 and 2023 owing to increasing demand for reliable network operation and increasing digitization. The report, titled ‘Passive Optical Network (PON) Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,’ states that the global passive optical network (PON) equipment market is predicted to progress from US$24.8 bn in 2014 to US$163.5 bn by 2023.

Passive optical networks (PON) offer a high return on investment, low cost of ownership, advanced security, and simple network operations. The main aim of PON is to provide a solution that is easy to operate, install, maintain, and upgrade. Optical splitters in PON help deliver efficient services to multiple premises. Due to the use of unpowered optical splitters, PON is an eco-friendly alternative to conventional networks. GPON devices provide high-speed data and voice services to business and residential subscribers. Long reach connectivity and reliability are two of the main beneficial features of PON.

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Moreover, GPON has been beneficial for defense services due to the high bandwidth offered by the network. EPON assists service providers in offering IPTV and voice services, and enterprise and broadband services including internet and voice connectivity and time division multiplexing. EPON also provides 3G and 4G mobile backhaul carriage services. Factors such as high investment in research infrastructure and technical advancements are expected to create promising growth opportunities in the global passive optical network (PON) equipment market in the years to come.

The global passive optical network (PON) equipment market is segmented on the basis of geography and component. By component, the global passive optical network (PON) equipment market is classified into optical power splitters, optical cables, wavelength division multiplexers/de-multiplexers, and optical filters. In 2014, the global passive optical network (PON) equipment market was dominated by the wavelength division multiplexer/de-multiplexer segment, which accounted for 48.67% of the market.

Gigabit passive optical network (GPON) equipment offers lower power consumption and is thus expected to attain larger revenue as compared to Ethernet passive network (EPON) equipment in the years to come.

Based on geography, the global passive optical network (PON) equipment market is divided into Europe, North America, Asia Pacific, and Rest of the World. In 2014, Asia Pacific dominated the global passive optical network (PON) equipment market, accounting for 35%. Increasing technological advancements in India and China are predicted to propel the Asia Pacific passive optical network (PON) equipment market in the years to come.

Some of the prominent players operating in the global passive optical network (PON) equipment market are Huawei Technologies Co. Ltd., ZTE Corp, Ericsson Inc., Motorola Solutions Inc., Verizon Communications Inc., Alcatel-Lucent S.A., Calix Inc., Adtran Inc., Freescale Semiconductor Inc., and Mitsubishi Electric Corporation.

Research Report: http://www.transparencymarketresearch.com/pon-equipment-market.html

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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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