Implementation of OTN in Healthcare Vertical is Driving the Global Optical Transport Network (OTN) Market

Pune, India, April 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Optical Transport Network (OTN) Market.

Overview

Nowadays, the healthcare sector is generating and sharing information through a digital mode. For instance, information from transmitting full-body MRI images and videos related to consultations healthcare networks must work at higher speeds to deliver critical services. The healthcare sector is adopting optical networking and Ethernet infrastructure for better transformation of data. The new digital and mobile healthcare initiatives are driving massive data storage requirements and creating unpredictable bandwidth demands. The Optical Transport Network is deploying the next generation of Electronic Medical Records (EMRs) to capture data. Also, eHealth technologies improve clinical operations and enable providers to integrate data for better data transformation. The optical networking and Ethernet provide deployment flexibility so that healthcare providers can increase their use as their bandwidth demands increase over the period.

The Optical Transport Network (OTN) market industry is projected to grow from USD 19.42687 Billion in 2023 to USD 34.46 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.43% during the forecast period (2024 - 2032).

Regional Analysis

The geographic analysis of the optical transport network (OTN) market has been conducted for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.

Globally, North America dominates the OTN market accounting for the highest market share, owing to the increasing application of wavelength division multiplexing across various industries in the region. Asia-Pacific is anticipated to grow at a fast pace during the review period due to the rapid growth of IP & Ethernet monitoring services. Further, the rapid economic growth in major countries such as China, Japan, India, and the adoption of optical transport networks by SMEs and large enterprises across verticals are the key factors driving the growth of the optical transport network market in the region.

Asia-Pacific has been categorized into five segments—China, Japan, India, South Korea, and the rest of Asia-Pacific. Asia-Pacific is expected to be the fastest-growing market between 2018 and 2025. This is attributed to the presence of active players in China, Japan, South Korea, Taiwan, India, and South-East Asia. The companies active in the Asia-Pacific optical transport network market are ZTE (China), Tejas (India), NEC Corporation (Japan), Mitsubishi Electric (Japan), Huawei (China), Fujitsu (Japan), Fiberhome (China), and others. China accounted for the largest market share of 28.96% in 2018 and is projected to record the highest CAGR of 14.2% during the forecast period. Japan is projected to register a CAGR of 12.9% during the forecast period.

The optical transport network market in the US is projected to grow at a substantial rate mainly due to the presence of key market players such as Huawei Technologies Co., Ltd., Infinera, Advanced Micro Devices, Inc., and Ciena Corporation. Factors driving the US market growth are the presence of a large number of network device manufacturers and solution providers in the region, an increasing number of data centers, and adoption of OTN technology by telecom operators. With the provision of extended bandwidth of up to 100 Gigabits per second, Huawei’s DWDM technology-based solution is attracting more and more telecom network operators.

Europe was the second-largest among the global OTN market year ending 2018. The market in Europe has been segmented into Germany, the UK, France, and the rest of Europe. The market size for Optical Transport Network is expected to reach USD 12.73 billion by 2025 at a CAGR of 12.0% during the forecast period. The UK accounted for the largest market share of 34.01% in 2018 and is projected to record the highest CAGR of 10.9% during the forecast period.

The optical transport network market is gaining momentum in the Middle East & Africa and South America as enterprises in the region are provisioning network services to utilize their infrastructure more efficiently. Many companies in the region are working on the development of the networking infrastructure and enhancing their product offerings.

Competitive Analysis