The global optical transport network equipment market size is poised to grow by USD 16.64 bn during 2020-2024, progressing at a CAGR of almost 16% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Optical Transport Network Equipment Market 2020-2024 (Graphic: Business Wire)
The growing smartphone and tablet data traffic is the biggest contributor to the optical transport network equipment market. Mobile video data traffic constituted a significant portion of the mobile data traffic due to extensive connectivity to the internet. Also, smartphones constituted more than 90% of the active connections to the Internet. As a result, end-users use several Internet-based smartphones that transfer data via a massive network of optical fibers. This market is expected to grow several-fold during the forecast period and the above factor is the predominant driving force.
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Report Highlights:
- The major optical transport network equipment market growth share came from the WDM segment and is expected to grow during the forecast period.
- North America was the largest optical transport network equipment in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increasing demand for cloud services and the advent of the IoT.
- The global optical transport network equipment market is concentrated. ADTRAN Inc., ADVA Optical Networking SE, Ciena Corp., Cisco Systems Inc., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., Infinera Corp., Juniper Networks Inc., Nokia Corp., and ZTE Corp. are some of the major market participants. To help clients improve their market position, this optical transport network equipment market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the optical transport network equipment market 2020-2024 is expected to have negative impact. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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The Rising Adoption of the Internet of Things (IoT) will be a Key Market Trend
Internet of Things (IoT) is slowly but surely turning out it be the next big thing in the technological field. It makes life much easier for modern humans, as it connects all essential electronic home devices to the Internet and facilitates interconnectivity among these devices. Even the electronic giants such as SAMSUNG, Dell, Apple, and Microsoft are investing extensively in R&D to develop IoT. To widen the applications of IoT and connected devices, OTNs with the capacity and capability to support high bandwidths are required. The increasing applications of IoT are one of the key optical transport network equipment market trends contributing significantly toward the optical transport network equipment market growth.
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Optical Transport Network Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist optical transport network equipment market growth during the next five years
- Estimation of the optical transport network equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the optical transport network equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of optical transport network equipment market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- WDM – Market size and forecast 2019-2024
- SONET/SDH – Market size and forecast 2019-2024
- Market opportunity by Technology
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Communication service providers – Market size and forecast 2019-2024
- Enterprises – Market size and forecast 2019-2024
- Public sector – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ADTRAN Inc.
- ADVA Optical Networking SE
- Ciena Corp.
- Cisco Systems Inc.
- Fujitsu Ltd.
- Huawei Investment & Holding Co. Ltd.
- Infinera Corp.
- Juniper Networks Inc.
- Nokia Corp.
- ZTE Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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