Optical Transport Network (OTN) Equipment Market share forecast to witness considerable growth from 2018 to 2024

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Optical Transport Network (OTN) Equipment market
share research by applications and regions for
2018-2024 Global Market Insights, Inc.
Low Power Wide Area Network
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Overview of Optical Transport Network (OTN)
Equipment Market

• The OTN equipment market in North America is
  dominating the market due to the rise in the
  internet penetration by 11.34 in 2017 as
  compared to 2016. The internet is being used for
  multiple purposes such as business processes,
  online gaming, social media, online chatting,
  video chatting, and online shopping. After the
  U.S. and Canada, the Asia Pacific region is
  growing faster as Japan, India, and China are the
  major developing markets due to the adoption of
  technological advancements in telecommunication
  and IT sectors compared to other geographic
  regions. For instance, in July 2017, Indias BSNL
  (Bharat Sanchar Nigam Limited) announced that by
  December 2018, it will launch 100G Next
  Generation OTN across 100 cities for ultra-fast
  broadband.
• Optical Transport Network (OTN) Equipment Market
  size is exhibiting a significant growth due to
  the increasing adoption of smart-phones, tablets,
  laptops, notepads, and mobile data cards.
  According to the World Bank open data, the
  internet penetration in 2017 is around 47 as
  compared to 44 in the year 2016 globally.
  Furthermore, the smartphone penetration has
  increased from 39 in 2016 to 44 in 2017. The
  increase in mobile data traffic, high adoption of
  communication devices, availability of high-speed
  data connectivity, and the demand for the growing
  capacity of the internet will also foster the
  market growth. However, high initial deployment
  cost is a major restraint in the growth of the
  market.

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• OTN is a combination of Optical Network Elements
  (ONE) connected with the optical fiber links that
  enable transportation, multiplexing, management,
  supervision, switching, and survivability of the
  optical channels. There are several types of OTN
  equipment that are deployed based on the
  standards Regenerators, Optical Cross Connect
  (OXCs), optical transport network terminal
  equipment, and optical add/ drop multiplexer
  (OADMs). ODAMs are used in the formation of
  telecommunication networking using optical fibers
  for wavelength division multiplexing systems.
  OXCs are used for switching of high-speed signals
  in the optical fiber network system. However,
  regenerators are used for the scaling of all
  system networks by managing the signal traffic in
  the path.
• OTN offers numerous benefits such as flexibility
  of the network, cost-effectiveness, better
  monitoring and management, transparent client
  signal, minimal latency, robust management,
  better scalability, highly secured services with
  improved reliability. As a result, its adoption
  by the telecommunication providers will rise
  exponentially, paving way for healthy growth
  rates in the OTN equipment market. Furthermore,
  unpredictable traffic patterns and stringent
  demand for bandwidth and data transmission
  performance are the major forces that are
  developing myriad opportunities for the market
  growth.

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• The next-generation OTN is growing substantially
  with development in the technology. It provides
  better capability and support for data signals
  and mapping of the data signals. Flexible grid
  ROADMs (Reconfigurable Optical Add-Drop
  Multiplexer) and Converged OTN are the variants
  of next-generation OTN, which include flexible
  grid and multi-layer switching functions. For
  instance, if a company wants to deliver the
  service faster, the implementation of
  next-generation will be useful to increase the
  service velocity and provide quality service to
  the end user.
• The key players in the OTN market space are
  Fujitsu, Ciena, Cisco Systems, Huawei
  Technologies, Infinera, Nokia (Alcatel-Lucent),
  Coriant, ADTRAN, ECI TELECOM, BTI Systems
  (Juniper Networks), Ericsson, NEC Technologies,
  ADVA Optical Networking, and ZTE. Product
  development and innovation are the common
  strategies followed by market players to cater to
  the growing demand for high-speed data and the
  accurate signal transmission among the customers.
  For instance, in March 2018, Fujitsu introduced
  its new products in the next-generation OTN 5G
  series, 1FINITY T500 T600, that consist of
  variable bandwidth transport blades. Similarly,
  in 2016, Cisco launched its optical transport
  portfolio at optical fiber communications
  conference to cater to the growing demand of the
  market.

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Methodology

• Market
  research reports Key analytical components

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