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Intelligent Transportation System Market is Booming Worldwide Scrutinized in New Research

  Market Overview   Market Research Future (MRFR) reveals multiple causes that are likely to support the Intelligent Transportation System Market 2021 in the years to come. The expansion of intelligent transportation system market is likely at 9.31% CAGR in the analysis period 2021 to 2030. By 2030, the intelligent transportation system market is expected to garner USD 42.67 Bn. A comprehensive analysis for intelligent transportation system market dynamics in COVID 19 is elaborated in the report. The gradual adoption of intelligent transportation system across the information and communications technology sector can prompt the expansion of the Intelligent Transportation System (ITS) Market in the years to come.  The rise in number of cars and other types of transportation has triggered the need for advanced commute solutions. The increase in the need for effective traffic management by increasing value of time can contribute to the ITS market rise. The introduction of ...

Optical Transport Network (OTN) Market Forecast Challenges, Leading Key Players Review, Demand and Upcoming Trend

 

The global optical transport network market was valued at USD 19.02 billion in 2018 and is expected to register a CAGR of 8.53% during the forecast period. At present, in the optical transport network market, supply-side vendors should focus on enhancing their capabilities in the fields of- professional service, implementation service, support and maintenance services, consulting services, and managed services. The utilization of these services is growing at a considerably high rate, and the upsurge is projected to continue for the next five to six years. 

 

Optical Transport Network is a protocol for sending network messages over optical fiber networks. It is a collection of optical network elements (ONE) that communicate using wavelength division multiplexing (WDM). The network has been built on the premise of synchronous optical networking (SONET) and synchronous digital hierarchy (SDH), which use a system of laser pulses for transmission. These types of systems have emerged to handle large sets of data over fiber-optic telecom systems, where more sophisticated protocols could handle synchronization better.

 

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Segmental Analysis

The global Private LTE market has been segmented based on service, component, technology, vertical, and region.

By services, the market has been divided into network design, network support, and others. The network design segment accounted for the largest market share of 40.7% in 2018, it is expected to register a CAGR of 12.4% during the forecast period. The network support segment is projected to register the highest CAGR of 14.0%. The planning of the implementation of a computer network infrastructure can be explained as network design. The design is generally worked on by designers, engineers, IT administrators, and other related staff. It is done before the implementation of a particular network infrastructure.

By component, the market has been segmented into optical switch, optical packet platform, and others. The optical switch segment accounted for the largest market share of 42.6% in 2018, it is expected to register a CAGR of 11.6% during the forecast period. The optical packet platform segment is projected to register the highest CAGR of 13.9%. Packet Optical Networking is a form of technology that is internet protocol centric and is used in transport infrastructure networking. It is an evolution of ROADM and MSPP-based networking that delivers large-scale deterministic Ethernet aggregation. For instance, the Cisco Packet optical transport system helps support multilayer network convergence. Thus, the optical packet platform segment is expected to boost the growth of the overall growth of the optical transport network market.

By technology, the market has been segmented into Wavelength Division Multiplexer (WDN), Dense Wavelength Division Multiplexer (DWDN), and others (SONET/SDH). The WDN segment accounted for the largest market share of 38.3% in 2018, it is expected to register a CAGR of 11.7% during the forecast period. The DWDN segment is projected to register the highest CAGR of 14.5%. By using WDM technology, optical fiber can transmit multiple optical signals, which relate to one another. In optical networking, the transmission source is the laser and the transmission medium is the optical fiber.

By vertical, the market has been segmented into IT/telecommunications, healthcare, retail, government, and others. The IT/telecom segment accounted for the largest market share of 26.0% in 2018 and is expected to register a CAGR of 13.4% during the forecast period. The healthcare segment is projected to register the highest CAGR of 14.2%. The telecommunications industry and service provider networks must quickly evolve to deal with an explosion of digital traffic driven by multimedia services, mobile applications, social media, VoIP, and cloud computing.

Competitive Analysis

The key players of the global Private LTE market are Allied Telesyn (US), Aten Technology Inc (Taiwan), Britestream Networks Inc. (US), Advanced Micro Devices Inc (US), Huawei Technologies Co. Ltd (China), ZTE Corp (China), Cisco System Inc (US), Ciena Corporation (US), Alcatel-Lucent SA (France), Fujitsu Ltd (Japan), ADVA Optical Networking (Germany), ADTRAN (US), Infinera (US), and Aliathon Technology Ltd (US).

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