\n \n \n “.concat(self.i18n.t(‘search.voice.recognition_retry’), “\n NEW YORK, March 28, 2023 /PRNewswire/ — The global optical transport network equipment market size is estimated to grow by USD 25.12 billion from 2021 to 2026, according to Technavio. The market is estimated to decline at a CAGR of 16.89% during the forecast period. The migration to the WDM architecture is one of the prominent drivers impacting the optical transport network equipment market growth. OTNs started migrating to WDM architecture from the SONET and SDH technologies over the last two years. WDM systems can tap into enormous capacities by carrying multiple wavelengths over a single optical fiber. This allows carriers to make significant cost reductions over the cost of deploying single-channel networks or the cost of overlaying multiple networks for each service offering. Fault detection, performance monitoring, and the isolation of the wavelength are some of the benefits of such systems. In the early implementation stages, many features were missing or were not implemented properly by WDM equipment vendors. Hence, the migration to the WDM architecture is expected to fuel the demand for OTN equipment during the forecast period. For more insights on the forecast market size (2021 to 2026) – Request a sample report Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global Optical Transport Network Equipment Market – Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on end-user (communication service providers, enterprises, public sector, and others), technology (WDM and SONET/SDH), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The market share growth in the enterprise segment will be significant for the market growth during the forecast period. The networks used by communication service providers are designed only to support a few features. They are not able to meet the data bandwidth and traffic demand. Additionally, metro and access networks require a superior capacity to cope with the new mix of data and legacy traffic. Hence, a significant rise in Internet traffic will increase the requirements for large bandwidths. Geography OverviewThe report provides actionable insights and estimates the contribution of all regions to the growth of the global optical transport network equipment market. North America is estimated to account for 37% of the global market growth during the forecast period. The US is the key market for optical transport network equipment market in the region. Market growth in this region will be faster than the growth of the market in any other region. The growing use of the Internet for online gaming, social media, video chatting, and online shopping will facilitate the optical transport network equipment market growth in North America over the forecast period. The global OTN equipment market is fragmented in nature. ADTRAN Inc., ADVA Optical Networking SE, Aliathon Technology, Ciena Corp., Cisco Systems Inc., Deutsche Telekom AG, Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., Infinera Corp., Juniper Networks Inc., Mitsubishi Electric Corp., NEC Corp., Padtec Holding S.A., Ribbon Communications Inc, Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, Yokogawa Electric Corp., and ZTE Corp. are some of the major players in the market. Growing applications of the IoT is one of the key trends influencing the optical transport network equipment market growth. IoT is the latest development in the field of global technology, which links all necessary home appliances to the Internet. All electronic devices can communicate with one another. Major technology companies such as Apple Inc. and Microsoft, have committed significant resources to the R&D of this technology. Hence, in the future, homes will have numerous wirelessly attached nodes and appliances that can sense the world around them and take appropriate action. OTNs with high bandwidth support are necessary for the IoT’s expanding range of applications. The applications may become more user-friendly as a result of the enhancement. Hence, the growing applications of the IoT will contribute to the growth of the global OTN equipment market during the forecast period. The high initial investment is a major challenge impeding the optical transport network equipment market growth during the forecast period. Customers such as telecommunication providers and data center providers find a significant surge in data consumption, which increases the requirements for OTN equipment. However, the fast-growing traffic requires the adoption of newer technologies and services such as long-term evolution(LTE)/LTE-advanced (LTE-A), big data, IoT, and cloud computing. Although OTN solutions support the increase in bandwidths and low latency using WDM technologies, such solutions may be expensive for many customers. Replacing the entire network transport hardware is expensive. Therefore, customers need to identify the return on investment based on high-capital investments. Hence, the high initial investment needed to deploy OTNs is expected to hinder the growth of the global OTN equipment market during the forecast period. Detailed information on factors that will drive the growth of the optical transport network equipment market between 2022 and 2026 Precise estimation of the size of the optical transport network equipment market and its contribution to the market with a focus on the parent market Growth of the optical transport network equipment market across North America, APAC, Europe, South America, and Middle East and Africa Comprehensive analysis of factors that will challenge the growth of the optical transport network equipment market vendors The network slicing market is estimated to grow at a CAGR of 28.28% between 2022 and 2027. The size of the market is forecast to increase by USD 821.83 million. The development of smart infrastructures is the major factor driving the growth of the global network-slicing market. The optical network terminal equipment market size should rise by USD 6.93 billion from 2022 to 2026 at a CAGR of 8.15%. The high demand for high-speed broadband services is notably driving the optical network terminal equipment market growth. ADTRAN Inc., ADVA Optical Networking SE, Aliathon Technology, Ciena Corp., Cisco Systems Inc., Deutsche Telekom AG, Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., Infinera Corp., Juniper Networks Inc., Mitsubishi Electric Corp., NEC Corp., Padtec Holding S.A., Ribbon Communications Inc, Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, Yokogawa Electric Corp., and ZTE Corp. Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/
