IHS Markit names leaders in optical vendor market report

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IHS Markit has released its newest ranking of optical vendors that posted big revenues last year, ranking them in both market momentum and market presence, naming Ciena, Cisco, Huawei, and Nokia as leaders.

According to the analysis from IHS Markit, reported by SDXCentral.com, the overall ranking included optical equipment vendors that posted more than US $1 billion in revenues last year and ranked by both market momentum, which included the vendor potential, like growth, reputation for innovation, and development of next-gen technologies, as well as the market presence, which included the position in the market, like size, brand recognition, reputation, and financials.

According to the chart, Ciena ranked first in market momentum and second in the market presence, trailed by Huawei which was first in market presence and fourth in momentum. Cisco ranked second in momentum and fourth in presence, while Nokia ranked third for the presence and seventh in momentum.

“Leaders perform strongly across all evaluation criteria and vectors,” noted report author Heidi Adams, senior research director for IP and optical networks at IHS Markit, in an except. “Leaders have established a significant presence in the market and have positive momentum, which means they are likely to cement and expand their leadership positions in the future.”

IHS Markit also listed six “challenger” vendors, which included Fujitsu, Coriant, Infinera, ECI, ZTE, and ADVA.

The report does not come as a big surprise as those are the companies that have been heavily focusing on those markets, with Huawei being the worldwide leader in the market with 26 percent market share in the first quarter, trailed closely by Nokia, which was second in revenues, with strong growth in Europe, the Middle East, Africa, and Asia Pacific.

Ciena holds its ground thanks to a good position in North America. Bear in mind that Chinese companies are facing a difficult path with impact from recent U.S. sanctions.