Optical Transport Network Market Size, Segmentation Research Outlook Product Specification, Key Developments by Emerging Trends Forecast by 2027
Market Scenario:
The Optical Transport Network Market Size is also popularly known as "digital
wrapper," which is offering multiplex services onto optical light paths in
an efficient and globally accepted way. The global market is gaining more
popularity because of the optical network’s scalable, flexible, and
robust Optical Transport Network. This network is helpful for the
expansion of equally varied service requirements, including ATM, Fiber
Channels, SONET or SDH, and PDH. The growth driving factors of the Optical
Transport Network Market are the rapid growth in IP and Ethernet services,
a dramatic increase in the capacity demanded, and changing user requirements.
Moreover,
the next generation's advanced form could be an opportunity for the global
market as its support for data signals such as IP and Ethernet
and enables more efficient mapping. The OTN Market might
face restraints due to the advanced technology. Further, the high initial
investment can be a challenge for the global market. According to
the Optical Transport Network Industry report, the optical packet
platform segment is aimed to generate the highest CAGR of 13.9% for the
forecast period.
On
the other hand, the optical switch segment is registered to generate the
largest market share of 42.6% by the end of the year 2018; further, this
segment is predicted to register at 11.6% CAGR during the forecast period.
Along with that, the network support segment is registered to generate the
highest CAGR of 14.0% for the forecast period. Further, the network design
segment is expected to register the largest market share of 40.7% by the end of
the year 2018. Along with that, the network design segment is predicted to register
at 12.4% CAGR for the reviewed period.
COVID-19 Analysis:
The business impact of
SARS-CoV-2 has been felt across diverse sections of the information technology
industry, albeit at different levels. Companies in the technology sector that
supply services for verticals like travel, retail, hospitality, and
entertainment have noted a dramatic decrease in sales, while the firms that
provide services related to remote worker solutions have observed the opposite.
Optical Transport Network ’s fate post pandemic
has been relatively less grim compared to Education Services (ES) and
Professional Services (PS) that are mostly dependent on components that are
generally on-site. Novel coronavirus has Optical Transport
Network to
open new avenues for those firms that are on the lookout for solutions that are
reliable, efficiently managed, scalable, and are subscription-based, to remain
more focused on the core business. The Optical Transport
Network is bearing lesser impact of the COVID-19
outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19
impact on managed services has been fruitful, with the market growth enhanced
than before. Given the prevalent lockdown situation, managed services vendors
are now investing heavily in remote-centric worker solutions, which can make
the market highly resilient in the coming years, even as the world is currently
rushing to achieve a COVID-19 breakthrough.
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Segmentation:
The Optical Transport Network
Market is segmented into Technology, Vertical, service, and Component.
According to the services segment, the global market has been segmented into
network support, network design, and others. Here, the network support segment
is registered to generate the highest CAGR of 14.0% for the forecast period.
Further, the network design segment is expected to register the largest market
share of 40.7% by the end of the year 2018. Along with that, the network
design segment is predicted to register at 12.4% CAGR for the reviewed
period.
Based on
the component segment, the Optical Transport Network Market has been
segmented into the optical packet platform, optical switch, and others.
Here, the optical packet platform segment is aimed to generate the highest CAGR
of 13.9% for the forecast period. On the other hand, the optical switch segment
is registered to generate the largest market share of 42.6% by the end of the
year 2018; further, this segment is predicted to register at 11.6% CAGR during
the forecast period. According to the technology segment, the OTN
Market has been classified into Dense Wavelength Division Multiplexer
(DWDN), Wavelength Division Multiplexer (WDN), and others (SDH or SONET).
The global market has been categorized into retail, government, IT or
telecommunications, healthcare, and others based on the vertical segment. These
vertical segments played an important role in enhancing the Optical
Transport Network Market Share.
Regional
Analysis:
Industry News
The Optical Transport
Network Industry’s productivity has got affected in the first half of the year
2020 because of the pandemic lockdown. However, the involvement of the key
players has increased the Optical Transport Network Market Share for
the forecast period.
Table
of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE
1 MARKET SYNOPSIS 18
TABLE
2 OPTICAL TRANSPORT NETWORK MARKET, BY SERVICE, 2020–2027 (USD BILLION) 37
TABLE
3 OPTICAL TRANSPORT NETWORK MARKET, BY COMPONENT, 2020–2027 (USD BILLION) 39
Continued…
List of Figures
FIGURE
1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL OPTICAL TRANSPORT NETWORK MARKET 18
FIGURE
2 GLOBAL OPTICAL TRANSPORT NETWORK MARKET: STRUCTURE 20
FIGURE
3 BOTTOM-UP AND TOP-DOWN APPROACHES 25
Continued…
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