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| Optical Transport Network Market |
Optical transport network (OTN) provides high-speed transmission of large volumes of data through optical fibers. OTN equipment is used to transmit data using dense wavelength division multiplexing (DWDM) technology and helps overcome challenges related to distance limitations and bandwidth constraints. Rising demand for bandwidth intensive applications and high-speed internet is fueling investments in fiber-to-the-X (FTTX) infrastructure across the globe. An OTN acts as the core network to interconnect multiple backbone networks thereby facilitating service providers to offer reliable connectivity solutions to residential and business users. The global optical transport network market is estimated to be valued at US$ 20 Billion in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of cloud-based services and data centers is driving the
deployment of OTN networks worldwide. Cloud service providers are installing
high-capacity OTN networks to support growing data traffic and facilitate the
delivery of content-rich applications over optical infrastructure.
Telecommunication carriers are also expanding their OTN networks by leveraging
DWDM technology in order to increase bandwidth of long-haul transmission
systems and meet escalating data transmission needs. Rising demand for 100G,
200G and higher speed transmissions across metro and long-haul networks is
positively impacting growth of the optical transport network market.
Segment
Analysis
The global optical transport network market is dominated by the DWDM
subsegment. DWDM accounts for the largest revenue share as it provides high
bandwidth and efficient utilization of fiber networks. DWDM multiplexes and
transmits multiple optical carrier signals on a single fiber by using different
wavelengths of laser light to carry different transmission. This significantly
boosts the backbone network capacity of telecom operators.
Key Takeaways
The global Optical
Transport Network Market Growth is expected to witness high growth over
the forecast period of 2023 to 2030 supported by rising mobile data traffic and
increasing fiberization.
Regional analysis: North America currently captures the largest share of the
optical transport market owing to high mobile penetration and strong focus of
telecom operators on network expansion and upgrades in the region. Asia Pacific
is expected to grow at the highest CAGR during the forecast period due to
ongoing investments by telcos in developing countries like China and India to
build new optical networks and expand 4G/5G coverage.
Key players: Key players operating in the optical transport network market are
Huawei Technologies Co., Ltd., ZTE Corp., Ciena Corporation, Cisco Systems,
Inc., Infinera Corporation. Huawei and Ciena capture the majority share due to
their vast optical networking product portfolios and global presence. ZTE is
growing its market share rapidly supported by strong sales in China and partnership
with European telcos for 5G transport network build outs.
For more insights, read- https://www.newsstatix.com/optical-transport-network-market-trends-size-and-share-analysis/
For more details on the report, Read- https://cmiinfopiece.blogspot.com/2024/01/plant-based-meat-market-growth.html
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