This market research report presents a detailed segmentation of the global OTN equipment market by type of end-users (enterprises, public sector, consumer service providers, and healthcare). It provides a market share analysis and projections of the key regions, including the Americas, APAC, and EMEA. The key vendors analyzed in this report are Alcatel-Lucent, Ciena, Cisco, Coriant, Fujitsu, Huawei, Infinera, and ZTE.
Technavio has released its new market research report, global OTN equipment market, which is expected to grow at a CAGR of 19% between 2016 and 2020. The shift to wavelength-division multiplexing (WDM) architecture by carriers is the key growth driver for the OTN equipment market. Now, the carriers can tap into enormous capacity by carrying multiple wavelengths over a single optical fiber, leading to cost reductions over the cost of deploying single-channel networks. The Americas dominate the global OTN equipment market, accounting for 66% of the overall market share. The growing demand for bandwidth and the low latency from sectors such as healthcare and financial services are the primary drivers for the growth in this region.
“Of late, this market is witnessing growing implementation of fiber-to-the-home (FTTH) technology. It provides the end-users with vastly high bandwidth, enabling more robust video streaming and Iinternet and voice services. Moreover, the fiber optic technology provides two-way transmission speeds of up to 100 megabits per second, which has incraesed its adoption by cable modem and DSL providers,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The growing applications of Internet of Things (IoT) are anticipated to aid the growth of this market during the forecast period. Major gadget makers, such as Samsung, Dell, Apple, and Microsoft have dedicated considerable resources for the R&D of IoT-connected nodes and appliances that are interconnected wirelessly. This trend of IoT would require network technology that has the capacity and capability to support high demands of bandwidth such as OTNs.
The leading vendors in the global OTN equipment market include Alcatel-Lucent, Ciena, Cisco, Coriant, Fujitsu, Huawei, Infinera, and ZTE. This market is highly fragmented due to the presence of numerous small and large vendors and few niche providers. Suppliers in the market compete on the basis of price, quality, reputation, and distribution. The strong vendor competition has led to an increased number of mergers and acquisitions, wherein smaller entities are being acquired by or are being merged with, major players.
A more detailed analysis is available in the Technavio report, Global OTN Equipment Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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