Passive Optical Network (PON) Equipment Market is Set To Grow According To Latest Research 2015 - 2023
According to the Transparency Market Research (TMR), the global passive optical network (PON) market has a highly competitive business landscape. Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., ZTE Corporation, and Calix, Inc. have been leading this market and are expected to continue on the same path over the next few years. The rivalry among these players is expected to intensify in the near future with each of these getting involved in partnerships to expand their reach among consumers, states the research report. As per the research study, the worldwide market for passive optical network is anticipated to rise at a CAGR of 20.70% over the period from 2015 to 2023 and reach a value of US$163.50 bn by the end of the period of the forecast. In terms of structure, the demand for gigabit passive optical networks is relatively greater and the trend is anticipated to remain so in the years to come, notes the market study. Asia Pacific to Dominate Global PON Market Geo...