The global optical transport network market grew at a CAGR of around 13% during 2015-2020. An optical transport network (OTN) refers to an industry-standard protocol that provides the functionality of signal transport, signal multiplexing, routing, management, and supervision of the client’s data. It includes a set of optical network elements connected via optical fiber links. The advanced multiplexing efficiency of OTN enables the transportation of various traffic types, such as ethernet traffic, multimedia traffic, and various IP-based services. It also offers reliable error correction mechanisms, service transparency for client signals, asynchronous mapping, simplified network design, and reduced deployment costs. As a result, OTN is widely adopted across various sectors, including IT and telecom, healthcare, government, BFSI, etc.
The growing telecommunication sector coupled with the expansion of digital traffic based on multimedia services, social media, VoIP, mobile applications, and cloud computing, is primarily driving the market for OTN. Furthermore, the rising demand for higher bandwidth-based applications for faster and reliable services across the government and financial sectors is also propelling the market growth. The escalating shift from Synchronous Optical Networking (SONET)/ Synchronous Digital Hierarchy (SDH) networking towards optical transport network based on its high-capacity multiplexed applications over multi-domains is further augmenting the market. Additionally, the increasing development of wireless infrastructures along with the emergence of 5G mobile network services has created substantial growth opportunities for the OTN market. Furthermore, the growing adoption of 5G services for Internet-of-Things (IoT)-based solutions, virtual/augmented reality, and autonomous vehicle management is also propelling the market growth. Moreover, the rising penetration of cloud-based services along with their software-centric network paradigm has enabled the telecom vendors to focus on several service innovations.
The outbreak of the COVID-19 pandemic has also had a positive impact on the optical transport network market due to the rising prevalence of remote working. As a result, there is an increasing demand for higher bandwidth applications for faster and secured services, which is currently driving the market. Looking forward, IMARC Group expects the global optical transport network market to continue its strong growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global optical transport network market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, technology, component, service and end use sector.
Breakup by Technology:
Up to 10Gbps
More Than 100 Gbps
Up To 10 Gbps
More Than 100 Gbps
Breakup by Component:
Breakup by Service:
Network Design and Optimization
Network Maintenance and Support Services
Breakup by End Use Sector:
IT and Telecom
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Alloy Computer Products, Adtran Inc., ADVA Optical Networking SE, Advanced Micro Devices Inc., Ciena Corporation, Cisco Systems Inc., Huawei Technologies Co. Ltd., Fujitsu Ltd. (Furukawa Group), Infinera Corporation, Nokia Oyj and ZTE Corporation.
Key questions answered in this report:
How has the global optical transport network market performed so far and how will it perform in the coming years?
What is the impact of COVID-19 on global optical transport network market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the component?
What is the breakup of the market based on the service?
What is the breakup of the market based on the end use sector?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global optical transport network market and who are the key players?
What is the degree of competition in the market?