North America, Europe, and Japan led the decline. #pressrelease
February 27, 2024
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REDWOOD CITY, Calif. – According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Optical Transport market declined 6 percent year-over-year in fourth quarter 2023 due to reduced demand in North America, Europe, and Japan.
Additional highlights from the 4Q 2023 Optical Transport Quarterly Report:
The worldwide Optical Transport market grew 2 percent in full year 2023, reaching nearly $16 billion.
Spending on optical equipment significantly improved in China after two years of decline as service providers increased investments in their optical backbone.
The vendors that gained the most market share in 2023 were Ciena, FiberHome, and Nokia. The vendors that lost the most market share in the year were Cisco and Fujitsu.
Read the full press release here.
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