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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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