The global optical transport network market is expected to grow to $33.44 billion by 2025 from $11.70 billion in 2016, according to a report on optical transport network.
The Asia Pacific region is the leader in implementations of optical transport network solutions for various communication purposes.
The chart prepared by Technavio shows the trends in the global optical transport network hardware market.
China leads currently the world market with a share close to 20 percent of the entire global optical transport network market. The US and China lead the current market scenario.
The increased needs for bandwidth capacities in the enterprise are some of the trends contributing to the emerging optical transport network. OTN capabilities can improve the data transfer speeds and connectivity.
Meanwhile, the global software defined data center market is expected to reach $259.1 billion by 2024, driven by its ability to optimize operations through data center management and virtualization capabilities.
In 2016, North America dominated the market accounting for 47.6 percent of the share in 2016, as a relatively large number of businesses in various verticals had deployed SDDC. The migration towards SDDC is prevalent in medium to large scale businesses as they strive to reduce their operational expenditure.
Asia Pacific region is expected to consolidate its position in the SDDC market growing at a CAGR of 36.7 percent.
