$26B market forecast for optical networking

The global optical networking and communications market will reach $26 billion by 2020, according to a forecast by market research firm MarketsandMarkets. This reflects a compound annual growth rate of 10.5 percent.

The market is experiencing a wave of mergers, partnerships and acquisitions, said the report. "The major drivers for the optical networking and communications market are increased demand for 100g, growing data center deployments, and rising adoption of cloud-based services."

However, the firm cautioned, factors including high infrastructure cost and lack of product knowledge among end users constrain growth.

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