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Friday, June 10, 2022

Global Optical Network Terminal (ONT) Equipment Market To Be Driven By The Growing Adoption Of Internet Of Things In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Optical Network Terminal (ONT) Equipment Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global optical network terminal (ONT) equipment market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5.4%

The growing adoption of internet of things (IoT) and increasing availability of high-speed internet is driving the optical network terminal (ONT) equipment market. The increasing demand for fibre optics in industries such as telecommunication and healthcare are also anticipated to fuel the market growth in the forecast period. Moreover, the increasing demand for broadband connections in the residential sector owing to the rising adoption of internet-enabled consumer electronics, rising disposable income, and rapid urbanisation is likely to cater to the market growth in the forecast period. Geographically, the Asia Pacific region accounts for a significant share in the market due to the greater number of internet consumers in the region.

Industry Definition and Major Segments

Optical network terminal (ONT) equipment is defined as the equipment which provides video, voice, or broadband services to the customer by receiving downstream data from the optical line termination. It is a network interface device, which is installed in the outer wall of a residential or commercial complex and receives the broadband input from the service provider.

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On the basis of type, the market can be bifurcated into:

• Single Router
• Multi Router

The market can be broadly classified based on application into:

• Oil and Gas
• Submarine
• Transportation
• Mining
• Healthcare
• Energy
• Others

The regional markets for optical network terminal (ONT) equipment include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The key trends in the optical network terminal (ONT) equipment market include the increasing adoption of cloud-based software in the medium and large enterprises, which is anticipated to propel the demand for optical network terminal (ONT) equipment. Meanwhile, the emergence of 5G technology, coupled with the increasing investments in the private broadband connection providers, are likely to provide impetus to the market in the forecast period. Furthermore, the technological advancements in the healthcare, oil and gas, and energy industry, among others, will aid the market growth in the coming years. Therefore, these developments are likely to augment the market growth in the forecast period.

Key Market Players

The major players in the market are ADVA Optical Networking, Alcatel-Lucent, Ciena, Cisco, Coriant, Fujitsu, and Huawei, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Contact Person: Irene Garcia, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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