Global Optical Transport Network Market Insights, Opportunity Analysis, Market Shares and Forecast 2016 – 2022
The global optical transport network market is projected to grow at an impressive compounded annual growth rate of 17.26% during 2016-2022, and it is estimated to reach the market value of $24.62 billion by 2022. The global optical transport network market is segmented into technology, components, service, type of users, and regional outlook. The technology segment market is divided into Wavelength Division Multiplexer (WDM), WDM (Metro Market), and DWDM (Long-Haul Terrestrial Market). On the basis of components, the market is divided into Optical Switch, Optical Transport, and Optical Packet Platform. The optical transport market holds the largest market share in the component segment. Organizations with huge data transport demands have a number of options when opting for network solutions that best suits their business’ needs and requirements. Optical transport service often provides the best balance of scalability, and management efficiency. Other factors, such as performance needs, cost, and the capabilities of an in-house telecommunications team are also taken into consideration when selecting the network solution. The two primary competitive solutions to optical transport networks that are likely to be considered are, Dark Fiber and TDM. On the basis of service, the market is divided into network design and optimization services; and, Network Maintenance and Support Services. Network Maintenance and Support Services segment is growing at a very fast pace. On the basis of end user, the market is divided into Communication Service Providers and Network Operators; Enterprises; and, Government. Communication Service Providers and Network Operators is dominating the market, majorly due to increasing number of population and rising number of smartphone users.
In regional outlook, market is divided into North America, Europe, Asia Pacific, and rest of the world. North America dominates the global optical transport network market. The presence of all the major players in the region; overgrowing demand of high speed internet; and, rapid technological advancement are the major reasons for the growth of North American region. Asia Pacific region is the fastest growing global optical transport network market. Major growth factor in this region is the booming telecom sector, especially, in India and China. Increasing usage of 3G and 4G compatible smartphones; and, rising demand for IP based video, voice, and data services, are pushing the growth of the Asia Pacific region market. Europe region is displaying a positive growth sign, key reason being growth of technology and high adoption rate of internet. Rest of the world is expected to show growth, and penetration of major optical network providers will boosts this region in the forecast period.
There has been an important adoption of Optical Transport Network (OTN) among residential customers due to the improved use of social media, video chatting, online gaming, and many other real time streaming events. The fact that Optical Transport Network offers seamless data transmission and removes latency issues is a key reason for amplified traction of global Optical Transport Network Market.
Some Of the major market players are ADVA Optical Networking SE; Advanced Micro Devices, Inc.; ATEN Technology, Inc.; Alloy computer products; Allied Telesyn; Aliathon Technology Ltd.; Fujitsu Ltd.; CISCO Systems, Inc., ZTE Corporation, Huawei technologies, etc. Acquisition, mergers and expansions are the key strategies adopted by the market players to sustain in the market.
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