The global passive optical LAN (POL) market is estimated to expand at a tremendous growth rate owing to its large scale applications in various end-user industries. The escalating requirements for higher bandwidth are primarily driving the global POL market. With the ever-growing number of data-dense services and connected devices, IT professionals estimate the demand for higher bandwidths to augment in the future. Another factor boosting the growth of the global POL market is the energy efficiency offered by them.
In contrast, various operational and technical issues lead to data and signal losses. This factor can impede the growth of the global POL market. However, companies operating in this market are investing in research and development to produce innovative and technologically advanced products that overcome these issues. Such advancements are anticipated to promise a bright future to the global POL market.
Surge in Data Traffic to Help Asia Pacific Retain Dominance
Geographically, Asia Pacific was the leading regional segment in 2015. China dominates the APAC market in terms of demand for passive optical networks. The consistently growing data traffic and a high penetration rate of electronic gadgets are likely to drive the regional market. Moreover, the growing investments from the public, as well as private sector in technological advancements and research infrastructure, will give a significant push to the regional market. Furthermore, increasing fiber deployments in order to improve the network infrastructure is estimated to bolster the demand for passive optical LAN in Asia Pacific.
Rising Demand for Advanced Security to Maintain North America on Growth Track
North America is anticipated to progress at a noteworthy CAGR from 2016 to 2024. The growth in this region can be attributed to the pressing requirement for high-level security in the transmission of data of high importance. Moreover, the POL models are greener than the traditional copper-based Ethernet LANs. The former promote energy conservation coupled with simplified and efficient network operations. This factor has increased the demand for POL in the region, thereby boosting the growth of the regional as well as global POL market.
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