The global Synchronous Optical Network (SONET) market is estimated to grow at a significant CAGR during the forecast period. The major factors driving the growth of the global Synchronous Optical Network (SONET) market include the rising need for faster and reliable communication networks, increase in adoption of optical communication, and reduction in capital investment. SONET has resulted in lower costs for the panel, bays, cabling, labor, and the hassles of more crowded cable racks. One of the market’s drivers, is that it aids service providers to offer optimum solutions for multiplexing circuit-switched low-speed streams, as well as strong operations, administration, maintenance, and provisioning capabilities.

The Synchronous Optical Network (SONET) is a physical layer standard, for the broadband synchronous transmission of voice, video, and data over long distances of fiber-optic cabling at speeds exceeding 1 Gbps. Telecommunications companies frequently employ Synchronous Optical Network (SONET) networks to provide the basic transport mechanism for Asynchronous Transfer Mode (ATM) networking, in internal telco and long-distance carrier networks, since they can carry voice, video, and data at the same time.

The key players contributing to the growth of the Synchronous Optical Network (SONET) market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include Cisco Systems Inc., Fujitsu Optical Components Limited, ADVA Optical Networking, ZTE Corporation, Microsemi Corporation, Juniper Networks, Inc., Zayo Group Holdings, Inc., Anritsu, Cypress Semiconductor Corporation, Oscilloquartz, and Verizon Enterprise Solutions, among others. For instance, in May 2019, Verizon, the nation’s largest wireless operator,  had announced that Infinera would deliver new automation technology, to aid with the conversion of its time-division multiplexing (TDM) network to a new, simple Ethernet-based network. This move  allowed Verizon’s Intelligent Edge Network, to provide a unified management solution, cutting its carbon footprint by consuming less space and electricity, while also lowering operational costs. Infinera’s innovation allows for network transparency, the flexibility to simulate numerous migration scenarios, and effective management of existing customer traffic. TDM, Ethernet over Synchronous Optical Networking (SONET), and ultra-long-haul are among the systems and use cases that can benefit from the migration.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered

• Competitive Landscape- Cisco Systems Inc., Fujitsu Optical Components Limited, ADVA Optical Networking, ZTE Corporation, Microsemi Corporation, among others. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Synchronous Optical Network (SONET) Market- Segmentation

By Technology

• Time Division Multiplexing
• Dense Wavelength Division Multiplexing

By Industry Vertical

• Aerospace & Defense
• Manufacturing
• Oil & Gas
• Transportation
• Government
• Others

Global Synchronous Optical Network (SONET) Market – Segmentation by region 

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific 

Rest of the World

• Latin America 
• Middle East & Africa