Optical equipment market jumps 3 percent to $12.5B, says research firm

The optical market segment is looking up. After what could be described as a subdued third quarter, the global optical network equipment market totaled $12.5 billion, growing 3 percent year-over-year, says IHS.

Leading the charge during the quarter were Huawei and Alcatel-Lucent, which IHS said saw significant gains in "share compared to the third quarter of 2015.

During the fourth quarter, worldwide optical spending was $3.5 billion, up 17 percent sequentially, and up 10 percent from the same period a year ago. In particular, spending on WDM equipment in the fourth quarter totaled $3.1 billion, up 18 percent from the fourth quarter of 2014. From a regional perspective, North America saw a slight increase following a flat third quarter, with the overall region seeing 5 percent growth. However, IHS noted that EMEA has not yet come out of its era of slow optical spending, showing a rolling quarter decline of 3 percent in the fourth quarter of 2015. Release

Suggested Articles

Microsoft announced that it is committing to becoming carbon negative by 2030 and that it will eliminate all past carbon emissions by 2050.

In 2017, Amazon's CEO and senior leadership team sought $1 billion in additional economic incentives for real estate projects around the country.

Colt Technology Services announced on Thursday that it has hired Annette Geuther as its vice president of new business development.