This week, we’ve looked into the Optical Networking Market as new technologies such as IoT are transforming the telecom and demand for high speed bandwidth is at an all time high.
We have also analyzed the Russian Telecom Market as this emerging country becomes the largest market in Europe and surpasses the key player’s revenues.
Finally, we have evaluated the In-Flight Wifi Market as in-flight connectivity becomes more of a necessity rather than a luxury.
Check out the key upcoming developments selected by our top analysts.
The optical networking and communication market is expected to grow with a CAGR of 7.6% during the forecast period. It is also being expected that by 2024, the market will generate a revenue of $40.3 billion. The growing demand for networks with high bandwidth and the arrival of machine-to-machine (M2M) and internet of things (IoT) technologies are the major growth-driving factors.
When segmented by component, the domain can be categorized into services, software, and hardware. Among these, the hardware category is witnessing the highest demand, as advanced hardware is capable of transmitting data at high speeds, which is needed to sustain 5G and the increasing data traffic. Other factors driving the hardware category of the optical networking and communication market are regular maintenance and updates in the field. Technologically advanced hardware fulfils all the demands of enhanced networking infrastructure, including high data transfer rate, but low power consumption, latency, and cost.
Further, optical transceivers, optical fibers, optical amplifiers, optical splitters, optical circulators, optical switches, and others are the various subdivisions within the hardware category. Among these, optical fibers are estimated to generate the highest revenue in 2018 and also grow the fastest in the future. The increasing use of optical fibers in machine testing, medicine, research, communication, computer networking, and other sectors is expected to fuel its progress in the optical networking and communication market during the forecast period.
For more details, please visit: Optical Networking and Communication Market (2014-2024)
The Russian telecom market is the largest in Europe, supported by a population of about 144 million. The market is dominated by the western regions where the main cities and economic centres are concentrated. All sectors have been liberalised, with competition most prevalent in Moscow and St Petersburg, the two largest regional markets.
Telcos continue to deploy and modernise fixed-line network infrastructure to offer improved broadband services as well as a range of IP-delivered content. The government is investing billions of Rubles in a 200,000km telecom network which will provide broadband services to thousands of underserved villages, with Rostelecom contracted to undertake and manage the work.
Russia has also emerged as one of Europe’s fastest growing markets for fibre-based broadband, with about two-thirds of Rostelecom’s fixed-line broadband subscribers being on its fibre infrastructure by late 2018. The country also has the largest mobile market in Europe, with the number of subscriptions at about 226 million at the end of 2018. Several mobile network operators are active, although the market is dominated by four major operators (MTS, VEON, Tele2 Russia and MegaFon). These have expanded their footprints widely through the acquisition of smaller regional service providers.
For more details, please visit: Russia – Telecoms, Mobile and Broadband – Statistics and Analyses
Rapid increase in the count of passengers travelling via air, is expected to highly contribute towards the growth of In-Flight Wi-Fi Market. With the increase in the number of flights offering Wi-Fi connectivity, passengers are more inclined towards boarding a flight which offers Wi-Fi connectivity.
In coming years the growth of In-Flight Wi-Fi market in North America is expected to be driven by increased use of the mobile device by passengers as well as crew members on board. Also, the pace of innovation and improvisation in onboard Wi-Fi connectivity in the North American airline industry is expected to generate novel onboard sales opportunities by enabling the airlines to provide their passengers with exclusive streamed content.
The air traffic for commercial passengers’ airlines is set to increase robustly in APAC, which would further create a strong basis for the realization of potential for In-Flight connectivity. According to a survey performed by Inmarsat, majority of the APAC passengers preferred to use their smartphones to access their social media account. Owing to this trend several airline companies in APAC are seen switching to varied degrees of free business model. For instance, Southwest and Singapore airlines who have positioned free Wi-Fi as a value added service specifically to their selected loyal top tier customers.