Pune, India -- (SBWIRE) -- 03/13/2018 -- Optical Transport Network Market Overview:

Optical Transport Network (OTN) are used in various applications like video, voice, and storage. They are also used for supporting higher data transfer rates, thus allowing carriers to scale swiftly to support the tremendous growth of data traffic on their networks.

The global optical transport network market is growing with the rapid pace is mainly due to increasing conjunction in the mobile network and increasing need of faster communication. The rise in demand for transforming maintenance and reducing asset downtime is propelling the market growth of predictive maintenance . According to a recent study report published by the Market Research Future, The global market of Optical Transport Network is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a high growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

The global Optical Transport Network Market is driven by the growth in mobile data traffic and the projected growth in data center-driven WAN traffic are few factors which are propelling the growth of optical transport network market to the large extent . Increasing deployment of cloud services is another factor propelling the market growth of optical transport network. However, the lack of training for operators and lack of trust in optical transport network technology are some of the factors hindering the growth of optical transport network market.

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Major Key Players:
Alcatel-Lucent SA (France), Ciena Corp. (U.S.), Fujitsu Ltd. (Japan), Huawei Technologies Co. Ltd. (China), ADTRAN (U.S.), ADVA Optical Networking (Germany), ZTE Corp. (China), Cisco System Inc. (U.S.), Infinera (U.S.), ECI Telecom Ltd. (Israel), Aricent (U.S), Lightwave Electronics Corporation (U.S), UTStarcom (China), MICROSENS GmbH & Co. KG (Germany), Xilinx, Inc. (U.S) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Optical Transport Network Market.

Industry News:

March 22, 2016- Cisco had introduced its new product optical transport portfolio along with profitable time-division multiplexing (TDM) services to the organization

March 2016 - Cisco announced innovations in its optical transport portfolio to address service providers' challenges of migrating large volumes of profitable time-division multiplexing (TDM) services to an IP/MPLS infrastructure.

February 2016 – ZTE Corp. announced that it will debut the ZXMP M721 OD61, a new optical transport network (OTN) product, at the Mobile World Congress in Barcelona, Spain.

March 12, 2015 - Alcatel-Lucent had expanded its product portfolio in optical networking solution that can reach to the enterprise and operator demand for video, cloud and data center traffic in metro networks.

Optical Transport Network Global Market Competitive Analysis:
The market of optical transport network appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.

Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms.

Optical Transport Network Global Market Segmentation:

The Optical Transport Network Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Technology:Comprises WDN, DWDN and others.

Segmentation by Component:Comprises Optical Switch, Optical Packet Platform among others.

Segmentation by End User:Comprises IT and Telecom, Healthcare, Retail, Government among others.

Segmentation by Regions:Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Optical Transport Network Global Market - Regional Analysis
North-America is dominating the global optical transport network market with the largest market share is due to the presence of a large number of solution and service vendors in this region and is expected to grow over its previous growth records by 2022.

Optical transport network market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 due to rich presence of various telecom industry where optical transport network is being deployed in this region. The European market for optical transport network market is expected to grow at a considerable CAGR (2016-2022).

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