What’s the forecast of the future looking like for the optical transport network equipment market? Sunny with an expected CAGR of +19.3% by 2022! In this week’s blog, we’re taking a look at how the market is expected to grow and the factors contributing to the shift in expansion.
First and foremost, what is OTN? ITU-T defines an Optical Transport Network (OTN) as, “a set of Optical Network Elements (ONE) connected by optical fiber links, able to provide functionality of transport, multiplexing, switching, management, supervision and survivability of optical channels carrying client signals. A ONE may Re-time, Re-Amplify, Re-shape (3R) but it does not have to be 3R— it can be purely photonic. OTN was designed to provide support for optical networking using wavelength-division multiplexing (WDM) unlike its predecessor SONET.”
Benefits of OTN include a reduction in transport costs, flexibility, security, simpler operations and more. But, what are the latest factors that are driving the growth of the market and who are the top market players?
Factors Driving Growth
- Demand for services and bandwidth
- Migration to wavelength-division multiplexing (WDM) architecture by carriers
- Surge of Internet use
- Options of optical transport networks among residential customers
Top Market Players
To learn more about the report, click here.