Optical Transport Network (OTN) Equipment market share forecast to witness considerable growth from 2018 to 2024: Global Market Insights, Inc. The OTN 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. Optical Transport Network (OTN) Equipment Market size 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.
OTN is a combination of Optical Network Elements (ONE) connected with the optical fiber links that enable transportation, multiplexing, management, supervision, switching, and survivability of the optical channels. There are several types of OTN equipment that are deployed based on the standards: Regenerators, Optical Cross Connect (OXCs), optical transport network terminal equipment, and optical add/ drop multiplexer (OADMs). ODAMs are used in the formation of telecommunication networking using optical fibers for wavelength division multiplexing systems. OXCs are used for switching of high-speed signals in the optical fiber network system. However, regenerators are used for the scaling of all system networks by managing the signal traffic in the path. 1|Page