Optical Transport Network Market Size

Optical Transport Network Market Growth Projections and Opportunities

The global Optical Transport Network market, valued at USD 19.02 billion in 2018, is anticipated to grow at a rate of 12.3% during the forecast period. To thrive in this market, vendors on the supply side should focus on improving their capabilities in various services like professional service, implementation service, support and maintenance services, consulting services, and managed services. The demand for these services is on the rise and is expected to continue growing for the next five to six years. Optical Transport Network serves as a protocol for transmitting network messages through optical fiber networks. It comprises optical network elements (ONE) communicating through wavelength division multiplexing (WDM). This network is constructed based on synchronous optical networking (SONET) and synchronous digital hierarchy (SDH), utilizing laser pulses for transmission. These systems have evolved to handle extensive data sets over fiber-optic telecom systems, where more sophisticated protocols are needed for better synchronization. The increased adoption of Optical Transport Network in the healthcare sector is a significant factor driving market growth. Another contributing factor is the expanding use of wavelength division multiplexing across various industries such as IT/telecom, healthcare, retail, and government. The rapid growth of IP & Ethernet monitoring services and the rising awareness of next-generation Optical Transport Network are additional factors propelling the market forward. However, challenges include the substantial investments required for infrastructure development and a shortage of skilled labor, hindering the growth of the Optical Transport Network market. Key players in the market include 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), Aliathon Technology Ltd (US), Allied Telesyn (US), Aten Technology Inc (Taiwan), Britestream Networks Inc. (US), and Advanced Micro Devices Inc (US). These companies play a crucial role in shaping the landscape of the Optical Transport Network market.