| Rigid fixed-grid wavelength division multiplexing (WDM) optical networks can no longer keep up with the emerging bandwidth-hungry and highly dynamic services in an efficient manner. As the available spectrum in optical fibers becomes occupied and is approaching fundamental limits, the research community has focused on seeking more advanced optical transmission and networking solutions that utilize the available bandwidth more effectively. To this end, the flexible/ elastic optical networking paradigm has emerged as a way to offer efficient use of the available optical resources. In this work, we provide a comprehensive view of the different pieces composing the ''flexible networking puzzle'' with special attention given to capturing the occurring interactions between different research fields. Only when these interrelations are clearly defined, an optimal network-wide solution can be offered. Physical layer technological aspects, network optimization for flexible networks, and control plane aspects are examined. Furthermore, future research directions and open issues are discussed.

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There is a growing awareness that the utilized bandwidth of deployed optical fiber is rapidly approaching its maximum limit. Given the possibility for such capacity crunch, the research community has focused on seeking solutions that make the most out of the scarce network resources (such as the fiber bandwidth) and allow accommodating the ever-increasing traffic demands. In such context, new spectrum efficient optical networking techniques have been introduced as a way to offer efficient utilization of the available optical resources. "Flexible", "elastic", "tunable", "gridless" or "adaptive" are few examples of the terms used in literature to describe solutions that migrate from the fixed WDM single line rate systems to systems that provide support for the most efficient bandwidth utilization. In this paper, we review the recent developments on the research topic of flexible/elastic networking and we highlight the future research challenges.

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