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The Optical Transport Network Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/optical-transport-network-global-market-report
According to The Business Research Company’s Optical Transport Network Global Market Report 2024, The optical transport network market size has grown strongly in recent years. It will grow from $23.2 billion in 2023 to $25.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to migration from legacy systems, bandwidth demand, telecom industry evolution, cloud computing growth, enterprise network requirements.
The optical transport network market size is expected to see rapid growth in the next few years. It will grow to $37.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period cn be attributed to increasing bandwidth demand, 5G network deployments, edge computing growth, Internet of things (IoT) expansion, network virtualization and SDN/NFV. Major trends in the forecast period include evolving optical technologies, interconnectivity demand, automation and orchestration, network convergence, enhanced security protocols
The rapid growth of IP and ethernet is expected to propel the growth of the optical transport network market. Factors contributing toward growth in IP and ethernet sector include strong growth in wireless communication protocols, increasing adoption of secured network protocols by enterprises, and rapid growth in internet services across the globe. The rapid growth in IP and ethernet is expected to increase the demand for the optical transport network, as they act as a vital component in the transportation of IP packets. For instance, in May 2022, a study by Sweden-based communication device company, HMS Networks concludes that the industrial network market will grow by 8% in 2022, accounting for industrial ethernet growth to be the highest at 66%. Therefore, the rapid growth of IP and ethernet is expected to boost demand for optical transport network during the forecast period.
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The optical transport network market covered in this report is segmented –
1) By Component: Optical Switch, Optical Packet platform
2) By Technology: WDM, DWDM
3) By Application: IT and Telecom, Healthcare, Government, Other End-User Verticals
Major companies operating in the optical transport network market are developing innovative products, such as OTN suites, to meet larger customer bases, increase sales, and increase revenue. The OTN suite refers to a comprehensive set of solutions, technologies, or products associated with optical transport network (OTN) services. For instance, in April 2021, Radius Telecoms Inc., a Philippines-based telecommunications company, launched the Optical Transport Network Suite. The distinctive feature of the Radius Optical Transport Network Suite lies in its utilization of a cutting-edge, industry-leading network protocol, offering an efficient and globally accepted method for multiplexing various services onto optical light paths. With a remarkable capacity of up to 200 Gbps, it revolutionizes multiplexing by enabling increased lambda capacity and wavelengths per fiber. This translates into a cost-effective deployment for Radius, providing a more dynamic platform for customer management and the efficient delivery of differentiated services.
The optical transport network market report table of contents includes:
1. Executive Summary
2. Optical Transport Network Market Characteristics
3. Optical Transport Network Market Trends And Strategies
4. Optical Transport Network Market – Macro Economic Scenario
5. Global Optical Transport Network Market Size and Growth
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26. South America Optical Transport Network Market
27. Brazil Optical Transport Network Market
28. Middle East Optical Transport Network Market
29. Africa Optical Transport Network Market
30. Optical Transport Network Market Competitive Landscape And Company Profiles
Top Major Players:
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