Global Optical Transport Network Market Size study & Forecast, by Technology (DWDM, WDM) By Component (Optical Packet Platform, Optical Transport, Optical Switch) By Service (Network Design, Network Optimization, Network Maintenance, Other Support Service

Global Optical Transport Network Market Size study & Forecast, by Technology (DWDM, WDM) By Component (Optical Packet Platform, Optical Transport, Optical Switch) By Service (Network Design, Network Optimization, Network Maintenance, Other Support Services) By End-user Application (Communication Service Providers, Network Operators, Enterprises and Organization, Government and Institution) and Regional Analysis, 2023-2030

Global Optical Transport Network Market is valued at approximately USD 20 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.9% over the forecast period 2023-2030. An Optical Transport Network (OTN) is a high-capacity telecommunications network that uses optical fibers to transmit large amounts of data over long distances with high bandwidth and scalability. The Optical Transport Network Market is expanding because of factors such as increasing penetration of the internet and growing adoption of 5G networks.

In the modern era, internet usage has experienced significant growth. According to the International Telecommunication Union, in 2021, around 4.9 billion people, which accounts for approximately 63% of the global population, relied on the Internet in 2021. Growing adoption of 5G networks increased the demand for high bandwidth which increased the Optical Transport Network (OTN) Market. According to Statista in 2023, the global number of fifth generation (5G) subscriptions is projected to reach approximately 1.9 billion. This number is expected to rise to around 2.8 billion by 2024 and further grow to approximately 5.9 billion by 2027. In addition, increasing number of data centers and increasing demand for high-speed data transmission would create a lucrative growth opportunity. However, the high implementation cost and security concerns stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Optical Transport Network Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market during the forecast period owing to the increasing internet penetration and demand for high-speed data transmissionincreasing the growth in the region. Asia Pacific is the fastest growing region during the forecast period, owing to factors such as, the expansion of internet services, cloud computing, and mobile data is increasing the growth in the APAC region.

Major market player included in this report are:
Nokia Corporation
Ciena Corporation
Cisco Systems Incorporation
Huawei Technologies Co. Ltd
Fujitsu Limited
Zhongxing Telecommunication Equipment Corporation
Infinera Corporation
Telefonaktiebolaget LM Ericsson
NEC Corporation
Yokogawa Electric Corporation

Recent Developments in the Market:
 In April 2021, Nokia made an announcement regarding the expansion of its mobile transport portfolio. They introduced a fresh lineup of indoor and outdoor solutions specifically designed for communications service providers and enterprises. The upgraded Wavence portfolio offered a comprehensive microwave solution that catered to a variety of utilization cases.
 In February 2021, Nokia and Vodafone joined forces to announce a remarkable milestone in data transmission. They successfully achieved data transmission at an impressive speed of 100 Gbps using a single wavelength over an optical fiber. Alongside this achievement, Nokia introduced the Bell Labs 100G PON prototype, which made history as the world's first flexible-rate transmission application within a PON (Passive Optical Network) network.

Global Optical Transport Network Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Technology, Component, Service, End-User Application Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Technology:
DWDM
WDM

By Component:
Optical Packet Platform
Optical Transport
Optical Switch

By Service:
Network Design
Network Optimization
Network Maintenance
Other Support Services

By End-User Application:
Communication Service Providers
Network Operators
Enterprises and Organization
Government and Institution

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Nokia Corporation
Ciena Corporation
Cisco Systems Incorporation
Huawei Technologies Co. Ltd
Fujitsu Limited
Zhongxing Telecommunication Equipment Corporation
Infinera Corporation
Telefonaktiebolaget LM Ericsson
NEC Corporation
Yokogawa Electric Corporation

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.