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(Wireless-NewsWire.Com, October 25, 2021 ) MarketsandMarkets forecasts the Optical Wavelength Service (OWS) market size to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
Optical Wavelength Service is defined as a dedicated bandwidth connectivity that offers high-speed internet services, delivered over fiber optic lines. It is majorly utilized by businesses involved in telecommunications, Internet Service Providers (ISPs), and wholesale internet access. It meets the application needs of high bandwidth capacity and supports multiple interfaces, such as Ethernet, Synchronous Digital Hierarchy (SDH)/Synchronous Optical Networking (SONET), and Optical Transport Network (OTN).
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In the OWS market, the key and emerging market players include Zayo Group (US), Nokia (Finland), Verizon (US), GTT (US), CenturyLink (Louisiana), AT&T (US), Sprint (US), Comcast (US), Colt Technology Solution (UK), Crown Castle (US), Windstream Enterprises (US), Charter Communications (US), Cox Communications (US), and Jaguar Network (France). These players have adopted various strategies to grow in the global OWS markets.
Zayo is a provider of bandwidth infrastructure and also offers a variety of solutions in the telecommunication area through number of its subsidiaries. The company’s transport segment includes wavelengths, Ethernet, SONET, and wholesale IP offerings. Operating segments of Zayo are fiber solutions, transport, enterprise networks, zColo, Allstream, and others. In January 2016, Zayo acquired Allstream, an OWS provider. This acquisition has added significant capacity to the Zayo’s OWS capacity.
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GTT Communications provides telecommunication services to multinational clients. Its services include transport and infrastructure services, WAN services, internet services, event services, and voice and unified communication services. It caters to its customers across North America, Europe, MEA, and APAC. The company offers its services to a wide range of verticals, including media and entertainment, healthcare, travel and hospitality, transportation, manufacturing, and consumer goods and retail. In May 2018, GTT acquired Interoute, Europe’s prominent fiber network operator and a key player in the OWS market. The acquisition significantly augments the GTT’s IP network.
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