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Global Optical Switches Market is anticipated to witness exponential growth in the forecast period. An optical switch is a device that allows optical signals to be selectively switched on and off or switched from one channel to another. It is used in fiber optic transmission systems to contribute to the progress of the optical network.

The factors that propel the growth of the market include increasing data traffic due to mobile devices and cloud computing, increasing demand of optical network technologies, high energy and floor spacing by electronic switches, high scalability and flexibility of optical switches, and rising demand for high bandwidth.

On the other hand, there are factors that may hamper the growth of the market including the prevalence of conventional technology and high capital requirement. Globally, market is anticipated to grow at a significant CAGR of 10.89% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The new trend in the market is the migration of OTNs toward WDM architecture. OTNs have started migrating from SONET technology toward wavelength-division multiplexing (WDM) architecture, further significantly to dense WDM (DWDM). The deployment of DWDM systems by carriers has promoted them.

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The market may be explored by type, application, technology, and geography. Based on type, the market could span electro-optical switches and all-optical switches. The key applications that could be explored in the optical switches market include telecommunications and data communication. The “Data Communication” segment led the optical switches market in 2017 and will continue to lead in the forecast period. The market could be explored based on technology as Liquid Crystal Optical Switch, Mechanical Optical Switch, Thermal Optical Switch, Waveguide Optical Switch, Magneto-Optical Switch, and others.

APAC accounted for the major share of the market in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the growth of data centers in the region and the development of the cloud computing platform and increased usage of optical switches.

Some of the key players that fuel the growth of the optical switches market comprise Agiltorn Corp., L.P., Agilent

Technologies, Coriant, FUJITSU, EMCORE Corporation, HP Development Company, Luna Innovations Incorporated, Huawei Technologies Co., Ltd., NEC Corporation and DiCon Fiber optics. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Global smart managed switches market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Smart managed switches are also termed, as smart switches. These connected electrical devices allow controlling switches using smartphone app or smart home technology.

The factors that are playing a major role in the growth of smart managed switches market are the rising use of latest technology, the rising awareness among populace regarding smart homes, rapid enhancement in IoT, and the growing urbanization. In addition, government initiative by offering favorable policies and regulations in developed regions and dynamic and eco-friendly designs are other factors that are boosting overall market. However, the high cost and lack of standards may restrain the overall market growth in the years to come.

Smart managed switch market is segmented based on type, offering, price range, application, distribution channel, and region. Toggle, push button, specialty, rocker, and other types that could be explored in the market in the forecast period.

Software and hardware are the offerings that could be explored in smart managed switch market in the forecast period. Hardware sector comprises 48-port gigabit, SFP for fiber uplinks, and rack-mount or desktop. Software sector comprises VLAN, quality of service (QoS), auto denial-of-service (DoS), and IGMP snooping. Price range vary from low, premium, and economy that could be explored in the market in the forecast period.

The market may be categorized based on applications like government, residential, commercial, and others that could be explored in the forecast period. The commercial sector accounted for the significant share of the market and is estimated to continue its dominance in the years to come. Based on the distribution channel, electrical wholesalers, online stores, electric retail stores, and others could classify smart managed switches in the forecast period.

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Globally, North America accounted for the significant share of smart managed switches market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the high investment in smart homes, the presence of key manufacturers, and the rising trend of IoT-based home energy management system. The United States is a major consumer of smart managed switches in this region. The reason could be the continuous electricity traffic hikes and the rising home remodeling.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise the growing construction industry, growing population, and the rapid urbanization. The developing countries like India and China are the major consumers of smart managed switches in this region.

The key players of smart managed switches market are Leviton Manufacturing Co., Inc., Eaton Corporation, Lutron Electronics Co., Inc., Ankuoo Electronics Inc., General Electric, Wion Products, Belkin International, TP-Link Technologies Co., Ltd., iDevices, LLC, TP-Link Technologies Co., Ltd., Elgato Eve, and Logitech International S.A. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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