Passive Optical Network Equipment Market size to grow at over 20% CAGR from 2016 to 2023 - PowerPoint PPT Presentation

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Passive Optical Network Equipment Market size to grow at over 20% CAGR from 2016 to 2023

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Passive Optical Network (PON) Equipment Market size is expected to grow at 20% CAGR from about USD 8 billion in 2015 and reach over USD 40 billion in 2024. Increasing data traffic and growing demand for network bandwidth, reliable and environment friendly transmission solutions are anticipated to drive growth. The increased transmission capability of the telecommunication network in the form of optical signals is a major driving force for adoption. The broader bandwidth and increased transmission speeds coupled with secure and reliable network operation between the end points will present significant growth opportunities. – PowerPoint PPT presentation

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