Optical Transport Network (OTN) Market Trends, Forecast, and Opportunity Assessment (2021-2026)
Overview
Nowadays, the healthcare sector is generating and sharing
information through a digital mode. For instance, information from transmitting
full-body MRI images and videos related to consultations healthcare networks
must work at higher speeds to deliver critical services. The healthcare sector
is adopting optical networking and Ethernet infrastructure for better
transformation of data. The new digital and mobile healthcare initiatives are
driving massive data storage requirements and creating unpredictable bandwidth
demands. The Optical Transport Network is deploying the next generation of
Electronic Medical Records (EMRs) to capture data. Also, eHealth technologies
improve clinical operations and enable providers to integrate data for better
data transformation. The optical networking and Ethernet provide deployment
flexibility so that healthcare providers can increase their use as their
bandwidth demands increase over the period.
Global Optical Transport Network Market was valued at USD 19.02
Billion in 2018 and is expected to register a CAGR of 12.3% during the forecast
period.
Competitive Analysis
The key players of the global optical transport network (OTN)
market are Huawei Technologies Co. Ltd (China), ZTE Corp (China), Cisco System
Inc (US), Ciena Corporation (US), Alcatel-Lucent SA (France), Aten Technology
Inc (Taiwan), Britestream Networks Inc. (US), Advanced Micro Devices Inc (US),
Fujitsu Ltd (Japan), ADVA Optical Networking (Germany), ADTRAN (US), Infinera
(US), Aliathon Technology Ltd (US), and Allied Telesyn (US).
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Regional Analysis
The geographic analysis of the optical transport network (OTN)
market has been conducted for North America, Europe, Asia-Pacific, and the
Middle East & Africa, and South America.
Globally, North America dominates the OTN
market accounting for the highest market share, owing to the increasing
application of wavelength division multiplexing across various industries in
the region. Asia-Pacific is anticipated to grow at a fast pace during the
review period due to the rapid growth of IP & Ethernet monitoring services.
Further, the rapid economic growth in major countries such as China, Japan,
India, and the adoption of optical transport networks by SMEs and large
enterprises across verticals are the key factors driving the growth of the
optical transport network market in the region.
Asia-Pacific has been categorized into five segments—China, Japan,
India, South Korea, and the rest of Asia-Pacific. Asia-Pacific is expected to
be the fastest-growing market between 2018 and 2025. This is attributed to the
presence of active players in China, Japan, South Korea, Taiwan, India, and
South-East Asia. The companies active in the Asia-Pacific optical transport
network market are ZTE (China), Tejas (India), NEC
Corporation (Japan), Mitsubishi Electric (Japan), Huawei (China), Fujitsu
(Japan), Fiberhome (China), and others. China accounted for the largest market
share of 28.96% in 2018 and is projected to record the highest CAGR of 14.2%
during the forecast period. Japan is projected to register a CAGR of 12.9%
during the forecast period.
The optical transport network market in the US is projected to grow
at a substantial rate mainly due to the presence of key market players such as
Huawei Technologies Co., Ltd., Infinera, Advanced Micro Devices, Inc., and
Ciena Corporation. Factors driving the US market growth are the presence of a
large number of network device manufacturers and solution providers in the
region, an increasing number of data centers, and adoption of OTN technology by
telecom operators. With the provision of extended bandwidth of up to 100
Gigabits per second, Huawei’s DWDM technology-based solution is attracting more
and more telecom network operators.
Europe was the second-largest among the global OTN market year
ending 2018. The market in Europe has been segmented into Germany, the UK,
France, and the rest of Europe. The market size for Optical Transport Network
is expected to reach USD 12.73 billion by 2025 at a CAGR of 12.0% during the
forecast period. The UK accounted for the largest market share of 34.01% in
2018 and is projected to record the highest CAGR of 10.9% during the forecast
period.
The optical transport network market is gaining momentum in the
Middle East & Africa and South America as enterprises in the region are
provisioning network services to utilize their infrastructure more efficiently.
Many companies in the region are working on the development of the networking
infrastructure and enhancing their product offerings.
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