Optical Transport Network Market worth US$75.937 billion in 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of the "Optical Transport Network Market – which is forecasted from 2022 to 2027”.
The prime factor driving the growth of the Optical Transport Network market is the growing interest for more bandwidth, media-rich, and bandwidth-intensive applications is expected to prompt businesses to rethink their mobile network to cut costs and enhance the user experience. The growing popularity of smartphones is expected to play a significant factor in driving the expansion of data services and is expected to contribute to the growth of the optical transport network market.
As per the report, the Optical Transport Network Market is expected to grow at a CAGR of 17.77% to reach US$75.937 billion by 2027, from US$24.161 billion in 2020.
OTN is a collection of multiple elements known as Optical Network Elements. These elements are linked by optical fiber links, allowing for transport functionality, multiplexing, and survivability of optical channels, which aid in switching, management, user signals, and supervision. High penetration of corporate and residential internet users for internet applications, sparking the need for advanced level bandwidth requirements, resulting in increased adoption of Optical Transport Network (OTN). In addition, a surge of interest in online gaming, video chatting, social media, and other online programs is luring household users, which is expected to lead to an increase in demand for Optical Transport Network (OTN) in the coming years. Another driver for the expansion of the Optical Transport Network (OTN) is that it provides continuous data broadcast, which is expected to increase the absorption of OTN devices.
The high cost of infrastructure development and a lack of technically skilled labour are expected to stymie the growth of the global optical fibre transport network market.
Based on Technology the optical transport network market is segmented into Converged Packet Optical Transport System, DWDM and WDW. The wavelength division multiplexer (WDM) technique multiplexes different carrier signals on a single optical fiber using other wavelength laser lights. The WDM technique is expected to fuel the market by allowing multiple connections over a single fiber, reducing the need for a fiber plant, fiber redundancy, and managed fiber service. This technology allows bidirectional communication on a single fiber strand while increasing signal capacity. WDM technology has several advantages, including multiple connections, which are predicted to boost the optical transport network market segment globally during the foreseen period.
Based on Geography the optical transport network market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. During the projected timeline, North America is expected to have the largest share of the market. Factors driving the North American optical transport network market include a rise in internet users, the expansion of the IoT and cloud computing markets, the growth of home-based businesses, and rising demands for internet capacity and bandwidth. Smartphones and networking are in high demand in North America. The data center and internet-based processes are the most common types of networking. A large number of network device makers and technology companies are present. This region is seeing an increase in the number of data centers and optical transport network (OTN) technology, primarily by telecom operators. According to preliminary data, the bandwidth can reach up to 100 gigabits per second; this higher bandwidth solution demand is expected to drive the growth of the optical transport network market in the region.
As the part of the report, the major players operating in the Optical Transport Network market, that have been covered are Fujitsu Network Communications Inc, ADVA Optical Networking, Infinera Corporation, ECI TELECOM, NEC Corporation, ZTE Corporation, Huawei Technologies Co., Ltd., Padtec, Ciena Corporation, Avencom.
View a sample report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-optical-transport-network-market
This analytic report segments the Optical Transport Network market on the following basis:
- By Technology
- Converged Packet Optical Transport System
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- North America
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