The global optical transport network market is growing with a CAGR of 11.6% during forecast period of 2021 to 2029. The increasing spending on digital marketing is one of the key forces which is up surging the growth in the global optical transport network market. The rapid increase in the corporate internet users and household users has opened new avenues with the increasing level of bandwidth requirement all over the world. The sudden upsurge in the number of internet users has brought about paradigm shift in the industry; and, it is demanding a whole new level of bandwidth requirement from the network world. It has been observed that there is a 550% rise in bandwidth demand owing to the shift to cloud and a 720% rise in bandwidth to encourage IP video across fixed and mobile networks.
The market report has been segmented on the basis of components, technology, services and type of user. Each segment has been thoroughly discussed both qualitatively and quantitatively, with focus on the market value and growth for the major sub-segments. The report holds a detailed description of the major regions of the globe i.e. North America, Europe, APAC and ROW. Major countries of each region have been thoroughly discussed by providing the market size and estimations, market determinants, government regulation and segmentation analysis. The report covers in-depth analysis of impact of COVID 19 on market revenues across geographies.
The optical transport network market of wavelength division multiplexer is anticipated to rise with a CAGR of about 9.7% during the year 2021-2029. Wavelength division multiplexer (WDM) technique multiplexes different optical carrier signals on a single optical fiber with the help of laser lights of different wavelength. The communication service providers and network operators segment is growing with a CAGR of 11% during the forecast period 2021-2029. Network Design & Optimization service is a major component which make sure that our network is able to manage high level of data traffic brought on by users behavior as maintaining quality of service and users experience. The Network Design & Optimization service segment is growing with a CAGR of 12.1% during the forecasted period 2021 to 2029. Network Design & Optimization can be deployed to across industry sectors – from food, beverage, high-tech, consumer durable and apparel to life science, aerospace and defense
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The North American optical transport network market was the largest market globally due to numerous factors. These include advancement in technology and rise of usage of internet over wireless gadgets and increase in high speed data transmission and data traffic. North America accounted for 21% of the global internet traffic as of 2020. Asia Pacific is projected to be the fastest growing region for the optical transport network devices market. It is anticipated to grow with a CAGR of 12.1% during the forecast period. Asia Pacific accounts for the largest internet users market in the world. Asia Pacific is home to numerous developing economies such as China, India and Japan, that acts as a better opportunity for optical transport network in the forecast period.
Global optical transport network protection market is exceedingly consolidated, as it has huge number of companies globally. Some major companies involved in optical transport network protection are; Huawei, Alcatel, Ciena, ZTE, Inferna and many others. All these contribute for more than 40% of the total market revenue. Majority of such companies are focusing toward the product launches in optical transport network protection.
Key Market Movements
- The global optical transport network market is growing with a CAGR of 11.6% during forecast period of 2021 to 2029.
- The optical transport network market of wavelength division multiplexer is anticipated to rise with a CAGR of about 9.7% during the year 2021-2029.
- The communication service providers and network operators segment is growing with a CAGR of 11% during the forecast period 2021-2029.
- The Network Design & Optimization service segment is growing with a CAGR of 12.1% during the forecasted period 2021 to 2029.
- The North American optical transport network market was the largest market globally.
- Asia Pacific is projected to be the fastest growing region for the optical transport network and is anticipated to grow with a CAGR of 12.1% during the forecast period.
Optical Transport Network Market is segmented into:
|Segmentation||By Technology (2019-2029; US$ Bn)|
|By Components (2019-2029; US$ Bn)|
|By Services (2019-2029; US$ Bn)|
|By Users (2019-2029; US$ Bn)|
|By Region (2019-2029; US$ Bn)|
|Covid-19 Impact (2020-2021; US$ Bn)|
*Detailed segments are available on the report page
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