Sellbyville, DE -- (SBWIRE) -- 05/17/2019 -- Global optical transport network equipment market report 2024 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

The optical transport network equipment market in North America is dominating the market due to the rise in the internet penetration by 11.34% in 2017 as compared to 2016. The internet is being used for multiple purposes such as business processes, online gaming, social media, online chatting, video chatting, and online shopping. After the U.S. and Canada, the Asia Pacific region is growing faster as Japan, India, and China are the major developing markets due to the adoption of technological advancements in telecommunication and IT sectors compared to other geographic regions. For instance, in July 2017, India's BSNL (Bharat Sanchar Nigam Limited) announced that by December 2018, it will launch 100G Next Generation OTN across 100 cities for ultra-fast broadband.

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optical transport network equipment market is exhibiting a significant growth due to the increasing adoption of smart-phones, tablets, laptops, notepads, and mobile data cards. According to the World Bank open data, the internet penetration in 2017 is around 47% as compared to 44% in the year 2016 globally. Furthermore, the smartphone penetration has increased from 39% in 2016 to 44% in 2017. The increase in mobile data traffic, high adoption of communication devices, availability of high-speed data connectivity, and the demand for the growing capacity of the internet will also foster the market growth. However, high initial deployment cost is a major restraint in the growth of the market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Fujitsu
- Ciena
- Cisco Systems
- Huawei Technologies
- Infinera
- Nokia
- Coriant
- ADTRAN
- ECI TELECOM
- BTI Systems
- Ericsson
- NEC Technologies
- ADVA Optical Networking
- ZTE

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The key players in the optical transport network equipment market space are Fujitsu, Ciena, Cisco Systems, Huawei Technologies, Infinera, Nokia (Alcatel-Lucent), Coriant, ADTRAN, ECI TELECOM, BTI Systems (Juniper Networks), Ericsson, NEC Technologies, ADVA Optical Networking, and ZTE. Product development and innovation are the common strategies followed by market players to cater to the growing demand for high-speed data and the accurate signal transmission among the customers. For instance, in March 2018, Fujitsu introduced its new products in the next-generation OTN & 5G series, 1FINITY T500 & T600, that consist of variable bandwidth transport blades. Similarly, in 2016, Cisco launched its optical transport portfolio at optical fiber communications conference to cater to the growing demand of the market.