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Optical Transport Network Market Showing Rapid Growth within few Years

(IT-NEWSWIRE.COM, March 22, 2017 ) 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.



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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.



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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. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’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. For more information, please visit www.marketsandmarkets.com



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