A market fueled by an ever-growing demand for bandwidth
Global consumption of bandwidth is projected to continue growing exponentially over the coming five years. Growth is particularly strong in Data Center applications, both within and between data centers, and in Mobile networks. Optical transport is a prerequisite for bandwidth growth, in all networks and in all market segments. Smartoptics provides innovative optical networking solutions targeting a wide range of applications in Enterprise Data Center-, Internet Content Provider- and Communication Service Provider Networks.
A market in need of a challenger
In the past years dramatic consolidation among optical systems manufacturers has taken place. Most mid-size vendors, such as Transmode Systems, BTI, Cyan, and MRV have been acquired by larger system houses. Traditionally, these mid-sizes vendors have successfully served Tier 2 operators and enterprise customers with products focused on mid-range applications in terms of capacity and reach. The consolidation has therefore created a gap in the market. With a new innovative systems platform and a strong brand among our customers, Smartoptics accepts the challenge to fill this gap.
In growth mode
Our business plan is highly focused on growing our addressable market. We are doing this by selectively developing Software and Hardware that allows us to go after new applications and larger customers. With the products developed over the passed years, we are also in a good position to win market share in our home markets.
Track record to date
Smartoptics has already passed several of the milestones that were set out by the management in the business plan. Our solutions have been delivered to more than 100 customers in all our target geographies and in all applications. Our revenue CAGR of 23% between 2016 and 2020 is a good proof point of having relevant products and a successful go-to-market model.
Magnus Grenfeldt, CEO at Smartoptics