Optical Transport Network Market – Growth, Trends And Forecast (2020 – 2024)
Optical Transport Network (OTN) is a protocol that plays a key role in making the network an open and programmable platform, enabling transport to become as important as computing and storage in intelligent data center networking. Today, most of the network traffic is packet-based, generated by a multitude of services and applications in unpredictable traffic patterns, with widely varying and more stringent demands on bandwidth and data transmission performance. Additionally, enterprise companies need high speeds, reliability, and high uptime for data processing and other tedious processing applications. Hence, they are constantly in search of optimal network solutions. To avoid losses, owing to system failures, companies rely on high-speed optical transport networks.
The optical transport network market is expected to record a CAGR of 15.49% over the forecast period of 2019- 2024.
Click the link to get a Sample Copy of the Report:
Top Companies in the Global Optical Transport Network Market:
Ciena Corporation, CISCO Systems Incorporation, Huawei Technologies Co. Ltd, ZTE Corporation, Fujitsu Ltd, Infinera Corporation, Ericsson, NEC Corporation among others.
With the advancement in Internet of Things (IoT) and Machine-to-Machine (M2M) communications, there will be a lot of data generated. Hence in return, these will provide a significant growth potential for the optical transport network market.
– Further, the telecommunications industry and service provider networks are rapidly evolving to deal with an explosion of digital traffic driven by multimedia services, mobile applications, social media, VoIP, and cloud computing. Moreover, there is an ever-growing array of bandwidth-hungry applications. Therefore, the explosion of digital traffic will have a positive impact on the optical transport network market.
– In addition to telecommunications, the growing demand for 100Gz system deployment for fast and reliable services and higher bandwidth demand in government organizations as well as in numerous financial companies is expected to encourage the optical transport network market.
– However, on the flip, the initial deployment cost is a major restraint for this market during the forecasted period.
Inquire for Discount:
Key Market Trends:
IT and Telecom Industry to Drive the Optical Transport Network Market
– The wireless infrastructure market is evolving at a higher rate and thus the 5G is also evolving. 5G mobile network technologies offer the potential of 30 to 50 times faster speeds than 4G.
– Cisco forecasted that by the average smartphone will generate 11 GB of traffic per month by 2022, which is more than a four and a half-fold increase over the 2017 average of 2 GB per month. The increase in mobile traffic will create a huge opportunity for optical transport network market.
– Further, the performance improvements offered by 5G are considered a key element in the expansion of the Internet of Things. Entirely new applications including virtual/augmented reality and autonomous vehicle management will require the speed and reliability promised by 5G.
– Moreover, the emerging cloud architecture with its software-centric network paradigm also presents opportunities for telecom vendors and service providers to evolve innovative products and services that can contribute to the overall growth of the global telecom industry.
– Together these changes will put greater demands on the mobile data transport network and have a positive impact on the optical network architecture to better accommodate these requirements.
Browse the Full report description and TOC at:
Influence Of The Optical Transport Network Market Report:
-Comprehensive assessment of all opportunities and risk in the Optical Transport Network market.
-Optical Transport Network market recent innovations and major events.
-Detailed study of business strategies for growth of the Optical Transport Network market-leading players.
-Conclusive study about the growth plot of Optical Transport Network market for forthcoming years.
-In-depth understanding of Optical Transport Network market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital market latest trends striking the Optical Transport Network market.
Finally, Optical Transport Network Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Optical Transport Network industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687