The optical transport network equipment market is expected to increase to US$ 17.5 million in 2022 and to reach US$ 42.3 million by 2032, with a CAGR of 9.2% between 2022 and 2032.
Telecommunications providers are struggling to find new ways to deal with the ever-increasing demand for internet traffic. The optical transport network equipment assists telecommunications providers in meeting their goal of providing better services while also lowering their total cost of ownership.
As a result, the optical transport network equipment market is expected to grow at a healthy rate in the near future. The optical transport network is a technique for encapsulating all digital traffic from multiple services onto optical light paths while preserving customer information, timing, and management data.
This improves transport networks’ ability to carry various data traffic types such as Ethernet, digital video, storage, and many others over a single optical frame.
Market Dynamics of the Global Optical Transport Network Equipment Market
With technological advancements, telecom industries are experiencing high demand due to rising internet demand worldwide and increasing smartphone penetration in the market. Furthermore, as global internet use grows, networks are becoming more complex in order to meet customers’ daily voice, data, and video requirements.
As a result, optical transport networking provides telecom providers with a much more efficient method of transporting information. Furthermore, optical transport network equipment provides numerous benefits such as flexibility, cost-effectiveness, improved monitoring and management, and highly secure services with improved reliability.
As a result, telecommunication providers’ adoption of optical transport network equipment is expected to rise exponentially, paving the way for healthy growth rates in the near future.
However, the possibility of failures, the high costs involved, and a lack of awareness about optical transport network equipment are the primary factors that can stymie the market’s growth.
Segmentation of the Global Optical Transport Network Equipment Market
The global optical transport network equipment market is divided into three segments: technology, end-user, and region.
The global Optical transport network equipment market can be divided into Wavelength Division Multiplexer, DWDM, and others based on technology.
The global optical transport network equipment market can be divided into three segments based on end-user: communication service providers, government, and others.
FUJITSU upgraded its FLASHWAVE 9500 and FLASHWAVE CDS optical network transport equipment in June 2015. The upgrade was carried out in order to provide devices with enhanced features such as increased fabric capacity, increased switching density, a smaller form factor, and enhanced services such as cross-connect grooming.
Ciena Corporation, Cisco, Coriant, FUJITSU, Huawei Technologies Co., Ltd., Infinera Corporation, Nokia, and ZTE Corporation are the leading vendors in the global optical transport network equipment market.