Optical Transport Network Market Overview:
Accelerated pace of growth has been beneficial to the growth of the optical transport network industry in the past few years. Market Research Future which focusses on reports for the market connected to the semiconductors & electronics sector among others lately made available a report on this sector. The industry is expected to expand with a CAGR of 8 percent approximately in the forecast period.
Optical transport cables are being used increasingly in the past few years to replace the older cables so as to upgrade networks to function at better speeds seamlessly. The need to increase bandwidth in all sectors is expected to positively boost the development pace of the industry considerably. The need to establish a faster pace of communication is expected to be a major motivator for the growth of the industry through the forecast period.
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The market for optical transport network is segmented on the basis of technology, services, end-user and component. The industry has been segmented on the basis of technology into the following type such as WDN (Wavelength Division Multiplexer), DWDN (Dense Wavelength Division Multiplexer) and Others (SONET/SDH). The service segment of the optical transport network industry comprises of network support, network design and others. The component segment of the market consists of optical switch, optical packet platform and others. Finally on the basis of end-user segment of the market consists of IT/ Telecom, healthcare, government, retail and others.
Detailed Regional Analysis:
The industry for Optical Transport Network Market has been witnessing a steady period of growth over the past few years owing to support of a multi-vendor environment, rapid growth of Internet protocol & Ethernet monitoring services and cost effectiveness factors among others.North America, Asia Pacific, Europe and Rest of the World are some of the regions being studied for the region wise analysis of fiber optic cable assemblies industry.
The North American industry is one of the important areas around the world while considering the market portion of the industry as it has huge demand and also it is able to deliver much superior level of bandwidth. The fiber optic cable assemblies market in the European region is estimated to witness rapid growth in the forthcoming period. Countries like Japan, China and India in the Asia-Pacific region are emerging markets for the fiber optic cable assemblies industry and are expected to be the top CAGR generators through the forecast period.
Global Competitive Analysis:
Contenders who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario, while also simultaneously delivering customer value unfailingly. The ability to sustain their competitive edge is one of the main causes fuelling their efforts in this period. The scope for development in the industry appears to be promising through the forecast period. The rising interest for diversification in the industry, has indirectly allowed the players to utilize many prospects available in the industry. This trend has created situations for portfolio improvements along with diversification in the sector, which has improved the scenario for market competitors tremendously in this industry. The organizations in this industry are also trying to enhance and maintain financial liquidity that can be crucial to invest in growth opportunities as and when they become available.
Alcatel-Lucent SA, ZTE Corp, Cisco System Inc, Fujitsu Ltd, Cienna Corporation, ADVA Optical Networking, Infinera, Huawei Technologies Co. Ltd, and others are a few of the major players profiled in the optical transport network market.
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April 2018 Nokia has been chosen by China Mobile to supply equipment for its optical transport network in the region. An optical transport network helps as a protocol for advancing network messaging through optical fiber networks. It comprises of a collection of optical network elements, which connect with wavelength division multiplexing.
Currently, China Mobile is constructing a new optical transport network, which the company has stated that it will help increase data center interconnect, 4G backhaul and consumer broadband services. Under the agreement, Nokia will deliver China Mobile an integrated IP/optical solution capable of supporting virtualization and cloud technologies associated with 5G.
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