The global Optical Transport Network market size is predicted to reach over USD 14.67 billion in 2020 and projected to grow at a CAGR of 16.4% over the forecast period.
The Optical Transport Network (OTN) protocol is a key component in transforming the network into an open and programmable platform, allowing transport to become as important as computing and storage in intelligent data center networking. Today, the vast majority of network traffic is packet-based, generated by a plethora of services and applications in unpredictable traffic patterns, with widely varying and increasingly stringent bandwidth and data transmission performance requirements. Furthermore, enterprise companies require high speeds, dependability, and uptime for data processing and other time-consuming processing applications. As a result, they are constantly on the lookout for the best network solutions. Companies rely on high-speed optical transport networks to avoid losses caused by system failures.
Because of the growing popularity of online gaming, social networking, video chatting, and a variety of other real-time streaming activities, there has been a significant increase in residential users. One of the primary reasons for the optical transport network market's increasing traction is that it provides smooth data transfer while eliminating latency issues. According to recent statements by service providers, corporations, and suppliers, the adoption of 100G systems is picking up steam as a result of increased bandwidth demand.
Furthermore, corporate clients, particularly financial institutions and government agencies, have seen an increase in bandwidth requirements. Furthermore, because of the increasing strain on existing networks, businesses have found it difficult to implement and operate their sophisticated systems.
The report also emphasizes several distinctiveness of the global Optical Transport Network industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the Optical Transport Network industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The Optical Transport Network market has tough competition among the new emerging and pre-established market vendors. Besides, the Optical Transport Network industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on the Component, the market is segmented into Optical switch, Optical transport, and Optical packet platform. Fiber optic components enable the management and switching of photonic signals without converting them to electronic signals, regardless of protocol or line speed. Traditional switches that connect optical fibre lines, on the other hand, are electro-optic. Optic components aid in the distribution of signals at various wavelengths and their transmission to various ports.
North America dominates the optical transport network market. This is primarily due to factors such as the increased use of high-speed communications network technologies. Other factors influencing market growth include the market's higher maturity in comparison to other regional markets, rising demand for mobile phones and internet, and data center-based operations. This research report includes the United States, Canada, and Mexico.
The major players of the global Optical Transport Network market are Britestream Networks, Inc., ZTE Corporation, Alloy Computer Products, Huawei Technologies, Advanced Micro Devices Inc., Cisco Systems, Inc., and Adtran, Inc. Other influencing players are Aliathon Technology Ltd., Fujitsu Ltd., Aten Technology Inc., Ciena Corporation, Adva Optical Networking SE, Belkin Corporation, Alcatel-Lucent, and Allied Telesyn. Renowned companies are offering new and modern Optical Transport Network software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Optical Transport Network Market
Technology Overview, 2019-2028 (USD Million)
Component Overview, 2019-2028 (USD Million)
- Optical switch
- Optical transport
- Optical packet platform
Service Overview, 2019-2028 (USD Million)
- Network design and optimization
- Network maintenance and support services
End User Overview, 2019-2028 (USD Million)
- Communication Service Providers
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America