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Passive Optical LAN (POL) Market to Cross US$ 295 Bn by 2031, TMR Study
ALBANY, N.Y. , March 17, 2022 /PRNewswire/ -- Analysts at TMR project the passive optical LAN (POL) market to expand at a CAGR of 23.6% during the forecast period from 2021 to 2031. The exponential growth of the telecom industry in the past decade expanded growth prospects of the POL market. Expanded services of telecom companies for voice, data, video, and wireless for several applications that require higher bandwidth fuels the demand for passive optical LAN. POL is a new way to structure telecommunications network that are replacing copper-based infrastructures that are no longer efficient for high bandwidth applications.
The substantial rise in the demand for high bandwidth applications such as HDTV, video on demand, 3-D TV, IPTV, and gaming, among others, leading to the increasing deployment of fiber to home (FTTH) networks is creating ample opportunities in passive optical LAN market.
Asia Pacific is anticipated to continue to hold a key share of the POL market in the upcoming years. Factors such as exponential rise in demand for high network bandwidth for newer applications, adoption of Internet of Things, and growing popularity of cloud-based services are fueling the growth of POL market in the region. Technological advancement, expansion of the fiber optic network, and development of systems administration in China and India contribute immensely to the growth of POL market in the region.
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Some of the key players operating in the POL market are;
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The passive optical LAN market is segmented as follows;
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