Optical networking spending up in all regions except Europe
A new cycle of investment in optical networking in taking place in all regions except Europe, the Middle East and Africa (EMEA), says market research company, Ovum. Market growth is being led by North America, while spending is also up in Asia Pacific (APAC) and South and Central America (S&C America). But EMEA will again be down in 2013.
Ovum forecasts that the global optical networking market will grow to US $17.5 billion by 2018, a compound annual growth rate of 3.1 percent.