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Global Optical Transport Network Equipment Market 2017-2021: Market to Grow at a CAGR of 21.68% - Increasing Applications of IoT - Research and Markets

[January 03, 2018]

Global Optical Transport Network Equipment Market 2017-2021: Market to Grow at a CAGR of 21.68% - Increasing Applications of IoT - Research and Markets

The "Global Optical Transport Network Equipment Market 2017-2021" report has been added to Research and Markets' offering.

The global optical transport network equipment market to grow at a CAGR of 21.68% during the period 2017-2021.

Global Optical Transport Network Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The carriers in the market are on the lookout to reduce the capital expenditure (CAPEX) while adjusting and addressing the changes in the traffic type and the increased traffic over the network. The OTN control plane, based on generalized multiprotocol label switching (GMPLS), automates many of the functions of the OTN.

The latest trend gaining momentum in the market is Increasing applications of the IoT. The IoT is the latest trend in the global technology arena. It is connecting all essential home devices to the Internet. It basically means that all the electronic gadgets can be interconnected and, hopfully, in the near future, will be able to interact among themselves. All the major gadget makers, such as SAMSUNG, Dell, Apple, and Microsoft (News - Alert), have dedicated considerable resources for the R&D of the IoT.

Due to this, the future households will have a lot of connected nodes and appliances that are interconnected wirelessly so that they can together sense the surrounding environment and act accordingly. The increasing applications of the IoT will require OTNs that have the capacity and capability to support high bandwidths. Devices will be able to communicate with each other and bring further optimization to the experience of the users. This optimization can make the applications more convenient to the end-user.

Key vendors