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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