The global Optical network terminal equipment market is expected to grow at a significant CAGR during the forecast period (2024-2031). The market is driven by factors such as the high demand for high-speed broadband services, the growing need for faster networks and increased adoption of the internet of things (IoT), cloud-based services, and ongoing technological advancements. Moreover, data-intensive services including voice over internet protocol (VoIP), videoconferencing, video on demand are expected to boost the growth of the ONT equipment market.
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An optical network terminal (ONT) is a network interface device (NID) that uses fiber to the premises applications The ONT is used for terminating the fiber optic link, demultiplexing the signal into various components such as television, voice telephone, and internet access, and delivering power to customer telephones. Digitisation has augmented the demand for reliable and safe network solutions that are eco-friendly as well as cost-effective at the same time. Thus, the increased demand for secure and reliable network solutions are expected to drive the growth of the Optical network terminal equipment market during the forecast period.
Moreover, widespread adoption of the Internet of Things (IoT), cloud-based services, and ongoing technological advancements are some other factors that are expected to fuel market growth. Apart from these factors, the growing investment of private as well as public sectors in R&D activities would likely boost the demand for ONT equipment during the forecast period. For instance, in April 2020, AT&T Inc. boosted its capital expenditure to $5 billion for investments in optical fiber and 5G infrastructure.
In October 2019, Verizon Communications Inc. and Calix, Inc. collaborated to deliver 34 Gigabytes per second over fiber using bonded optical network terminal technology systems and services. The collaboration aimed to provide lower latency and higher bandwidth speeds to customers over the intelligent edge network by using AXOS.
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Market Coverage
- Segment Covered-
o By Type
o By Application
Competitive Landscape: ADVA Optical Networking SE, Verizon Communication Inc., ZTE Corporation, and Cisco Systems, Inc., among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Optical Network Terminal Equipment Market by Segment
by Type
- Single router,
- Multi router
by Application
- Oil & Gas,
- Submarine,
- Transportation,
- Mining,
- Healthcare,
- Energy,
- Telecom
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