QY Research has recently released its new report titled, “Global Optical Transport Network (OTN) Equipment Market Report, History and Forecast 2014-2025,” which provides unique insights into the market during the forecast period of 2014-2025. The report has provided crucial information about the elements that are impacting the sales of the global optical transport network market.
The report states that the global optical transport network market is expected to rise to US$ 18.6 bn by the end of 2025 from US$ 13.8 bn in 2018. The market is likely to register a moderate CAGR of 4.3% throughout the forecast period.
Global Optical Transport Network (OTN) Equipment Market: Drivers and Restraints
The global OTN equipment market is expected to be driven by technological advancements and continuous demand for high-speed communication networks during the forecast period. Growing penetration of business and residential users for internet has created a massive need for advanced level of bandwidth, which is increasing the adoption of OTN equipment. Rising inclination towards video chatting, online gaming, and the use of social media amongst consumers is expected to have a positive influence on the demand for optical transport networks. Increasing adoption of tablets and smartphones will also fuel the growth of the global market over the forecast period.
However, the high cost of investment will hamper the growth of the market in the years to come.
Global Optical Transport Network (OTN) Equipment Market: Forecast by Segmentation
The global OTN equipment market is segmented into product type and application. Based on the product type, the market is segmented into 100-400G, < 10G, and 10G-100G. On the basis of application, the market is segmented into industry and public sector, mobile backhaul solutions, business services solution, triple play solutions, and others.
Global Optical Transport Network (OTN) Equipment Market: Geographical Analysis
North America and Europe are likely to be the leading markets due to increasing number of IoT applications. Asia Pacific is also expected to witness a substantial growth due to the high demand for communication networks, government initiatives for digitalization, and rising internet penetration. The boom in the telecom sector, especially in emerging economies such as China and India is likely to fuel the growth of the global OTN equipment market over the forecast period.
Global Optical Transport Network (OTN) Equipment Market: Leading Players
ECI Telecom, Huawei, Tellabs, Alcatel-Lucent, Fujitsu, ZTE, Aliathon Technology, Infinera, NEC, Ciena, Ericsson, FiberHome, and Cisco Systems are the key companies that are operating in the global optical transport network equipment market.
Global Optical Transport Network (OTN) Equipment Market: Competitive Landscape
KPN has duly signed an agreement with Huawei to start production of KPN’s Mobile Radio Access Network in Netherlands, as modernization of KPN’s 5G network. Product modernization is the key strategy used by players to maintain a competitive edge against a new generation of digital initiatives. The companies are also adopting this strategy to drive top-line product growth and bottom line product efficiency.