Optical Transport Network Market worth $23.64 Billion by 2019 – New Report by MarketsandMarkets
(PRWEB) January 16, 2015 -- The market research report “Optical Transport Network Market by Technology, by Components (Optical Switch, Optical Packet Platform), by Services (Network Design, Network Support), by End User and by Regions - Worldwide Forecast and Analysis (2014 - 2019)” segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. The report also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.
Browse 79 market data tables and 45 figures spread through 147 pages and in-depth TOC on “Optical Transport Network Market”.
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The increased demand of bandwidth from both residential and business customers is playing a major role in shaping the future of the Market. As the communication industry is booming with the increased use of internet by the residential customers for online gaming, video chatting, social media, and online shopping, the requirement of bandwidth for the metros and urban cities have significantly enhanced.
The network providers and networking equipment manufacturers are obliged to support a huge digital traffic flowing over the networks. The increasing usage of application through personal computers and mobiles has overloaded the current networks. Moreover the both Synchronous Optical Network/ Synchronous Digital Hierarchy networks are unable to withstand such huge bandwidth requirements. However, Optical Transport Network (OTN) has come up as a huge success in the present scenario, as it can easily support high bandwidth. The technologies used in OTN (Wavelength Division Multiplexing (WDM) for Metros and Dense Wavelength Division Multiplexing (DWDM) for long haul enables OTN to overcome the bandwidth limitations of SONET/SDH. OTN is rapidly gaining traction in metros with the deployment of its 100Gbps line.
The initial deployment cost is a major restrain for this market but the high bandwidth requirements by the enterprises and government organizations are pushing the OTN market. Some of the major advantages unfolding higher traction for this market are the transparent client signal, minimal latency, robust management, better scalability, and global acceptance as a standard.
MarketsandMarkets has segmented the global OTN market by technology: WDM [up to 10Gbps, 10Gbps, 40Gbps, 100Gbps, and more than 100Gbps], DWDM [up to 10Gbps, 10Gbps, 40Gbps, 100Gbps, and more than 100Gbps]; by components: optical switch market, optical transport market, and optical packet platform market; by services: network design, network optimization, network maintenance and support services; by type of user: communication service providers and network operators, private enterprises, and government; and by region: North America (NA), Asia-Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA). The notable players in this market, who contributes to the major share, include ADTRAN, ADVA Optical Networking, Alcatel- Lucent, Aliathon Technology, Ciena, Cisco, Fujitsu, Huawei, Infinera, and ZTE.
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Global Optical Transport Network Market is estimated to be $23.64 billion in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 15.8% during forecasted period. In the current scenario, North America is expected to be the biggest market on the basis of spending and adoption of the OTN equipment and devices and APAC is the highest growing region with a CAGR of 19.3% in this market.
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