HOME › Press Releases › Optical Transport Network Market worth $23.64 Billion by 2019
Optical Transport Network Market worth $23.64 Billion by 2019
The report “Optical Transport Network Market by Technology (WDM, DWDM), by Components (Optical Switch, Optical Packet Platform), by Services (Network Design, Network Support), by End User, by Regions - Worldwide Market Forecast and Analysis (2014 - 2019)” segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It 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 146 pages and in-depth TOC on “Optical Transport Network Market by Technology (WDM, DWDM), by Components (Optical Switch, Optical Packet Platform), by Services (Network Design, Network Support), by End User, by Regions - Worldwide Market Forecast and Analysis (2014 - 2019)”.
Early buyers will receive 10% customization on reports.
The increased demand of bandwidth from both residential and business customers is playing a major role in shaping the future of the optical transport network 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. Similarly in the business customers segment also the use of bandwidth has increased especially by the financial and government organizations.
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 as well as mobiles has overloaded the current networks. Moreover the both Synchronous Optical Network/ Synchronous Digital Hierarchy (SDH/SONET) 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 and optimization, and 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.
MarketsandMarkets expects that the OTN market is estimated to be $11.35 billion in 2014 and is expected to grow to $23.64 billion in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 15.8% from 2014 to 2019. 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.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252