Optical Transport Network Market is Estimated to Grow at a CAGR of 15.6% during 2019 – 2026, Says Accurize Market Research
Global Optical Transport Network Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 15.6% from 2019 to 2026. In terms of growth, Asia-Pacific is anticipated to attain the fastest compound annual growth rate (CAGR) during 2019 – 2026.
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Market Introduction and Market Dynamics
The telecommunications industry and service provider networks are speedily evolving to deal with the sudden increase of digital traffic driven by mobile applications, multimedia services, and social media, among others. Advancement in Internet of Things (IoT) and rapid increase in the bandwidth and capacity demand are the major factors driving the global optical transport network market. In addition, rising internet users in residential areas will be supporting the market growth in the coming years. Though, high initial investment is acting as a restraint for the market. Further, technological advancement would generate new growth opportunities for the market in the future years.
Market Segmentation and Crisp Analysis
The global optical transport network market has been segmented into component, services, and user type. Optical switch market, optical transport market, and optical packet platform market are the further segmentations of the component segment. By service, the market is further divided into network design and optimization services and network maintenance and support services. By user type, the global optical transport network market is divided into communication service providers and network operators, enterprises, and government. By geography, the market is segment into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Regional Segmentation and Crisp Analysis
By geography, the market is segment into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America dominated the global optical transport network market in 2018 and expected to continue its dominance during the forecast period 2019 – 2026. The growth will be majorly attributed to continued growth in mobile data traffic and heavy investment in research & development. Asia-Pacific is projected to attain the fastest growth rate, driven by increase in cloud services and the magnificent presence of various telecom industries in the region.
Manufacturers Competitive Analysis
Key players are offering innovative products and services to gain consumer attraction and increase their market presence. The market is fragmented because of the presence of a large number of companies operating in this market. Major key players operating in the global optical transport network market are Alcatel-Lucent, Ciena Corporation, CISCO Systems, Inc., Huawei Technologies, ZTE Corporation, Adtran, Inc., ADVA Optical Networking SE, Aliathon Technology Ltd., Fujitsu Ltd., and Infinera Corporation, among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.
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