Europe Optical Wavelength Services Market is expected to grow with the CAGR of 9.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Europe optical wavelength services is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Europe optical wavelength services market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In May 2021, Colt Technology Services Group Limited announced launch of 400G-capable routed optical networking solution on its IQ network. Under this, the company transformed their global IQ Packet network through the deployment of Cisco’s cutting-edge Silicon One hardware alongside 400G Open ZR+ pluggable technology and segment routing MPLS software throughout the network. This will help the company to enhance their offerings and to grow in the market.
Huawei Technologies Co. Ltd., is the dominating player in Europe optical wavelength services market. The other key players existing in the market includes Lumen Technologies, Charter Communications Inc., Colt Technology Services Group Limited, Comcast Corporation, COX ENTERPRISES, INC., Crown Castle, GTT Communications, Inc., Nokia, T‑Mobile USA, Inc., Verizon, Windstream Intellectual Property Services, LLC, Zayo Group, LLC, Huawei Technologies Co., Ltd., ADTRAN, Inc., TDS Telecommunications LLC, Neos Networks, Xeta Group, LLC, Jaguar Network SAS, BCE Global, and among others.
VERIZON
Verizon is founded in 2000, and is headquartered in New York, U.S. The company is engaged in designing and providing technology, communications, information, and entertainment products and services. The business segment of the company includes Verizon consumer group and Verizon business group. The market focused business segment is Verizon consumer group. The product categories of the company include plans, security and protection, networks, voice and collaboration, internet of things, internet and TV services, and more. The market focused category is networks.
- In May 2010, Verizon announced launch of optical wave service enhancements for carrier customers. This new solution powered the company’s point-to-point wavelength services and enabled to deliver extremely high-quality and very cost-effective transport. This has helped the company to enhance their offerings and to grow in the market.
The company has presence in North America, Europe, Asia-Pacific, Middle East and Africa, and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Verizon Connect, Verizon Fios, Verizon Media, and among others.
COMCAST CORPORATION
Comcast Corporation is founded in 1963 and is headquartered in Pennsylvania, U.S. The company is engaged in developing and providing communications, entertainment, and cable products, and services. The business segments of the company include cable communications, NBCUniversal, and Sky. The market focused business segment is cable communications. The product and service categories of the company include data networking, cloud solutions, unified communications, cybersecurity services, managed services, and active core software-defined networking. The market focused business category is data networking.
- In December 2020, Comcast Corporation collaborated with Cisco and Nortel to improve the interoperability between Optical and IP network layers and compatibility. Through this, the company has enhanced their customer experience and enabled optical and IP technologies on the same network. This has helped the company to enhance their presence and offerings and to grow in the market.
The company has presence in Americas and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Xfinity, Comcast Business, Sky Group, and among others.
HUAWEI TECHNOLOGIES CO. LTD.
Huawei Technologies Co. Ltd. is incorporated in 1987, and is headquartered in Shenzhen, China. The company is engaged in developing and providing information and communications technology and infrastructure and smart devices to the customers. The product categories of the company include connectivity and cloud computing. The market focused business category is connectivity.
- In March 2018, Huawei Technologies Co., Ltd announced launch of 400G optical network solution. This 400G optical network solution was designed for commercial use, which fully supports carriers by offering fast 400G network deployment in all-service scenarios. This solution also helped carriers implement rapid 400G network deployment on live networks. This has helped the company to enhance their offerings and to grow in the market.
The company has presence in North America, Europe, Asia-Pacific, Middle East and Africa, and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Huawei Technologies Canada Co. Ltd., Huawei Symantec, Huawei Device, and among others.
