Overtakes Alcatel-Lucent according to latest Ovum report
SHENZHEN, China-June 4, 2013-(BUSINESS WIRE/ ME NewsWire)-- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has achieved the global No.2 ranking in the optical network market.
According to the latest market analysis report ‘Market share-1Q13 Global ON' released by Ovum, ZTE displaced Alcatel-Lucent to take second position. 'ZTE has a higher percentage of next-generation equipment for the aggregation market than its competitors do, so ZTE is not as affected by the shift in spending away from TDM as the others which is the source of the market share gains,' said Ron Kline, Principle Analyst, Network Infrastructure, Ovum.
“ZTE is dedicated to developing next-generation optical networking products, including Packet Transport Network (PTN), Optical Transport Network (OTN) and 100G,” said Mr. Xu Ming, VP, ZTE Bearer Network. “Our technological expertise and excellent commercial execution has enabled us to grow our market share and grab second position.”
Ovum forecasts that the large-scale deployment of Long Term Evolution (LTE) will help drive the PTN market to reach an estimated $1.8 billion by 2013. ZTE ranks No.1 in the global aggregation market based on its performance in PTN technology, which in recent years has been adopted by many mainstream operators across the world.
ZTE recently won the PTN tender to deliver China Mobile's entire national backbone network. In addition, ZTE ranked NO.1 in China Mobile's bid evaluation for new provincial trunk line. This is the first application of PTN in trunk line construction and is a very significant win for ZTE. It will provide ZTE with a lot of experience and open up lots of future market opportunities.
The Ovum report also indicated that the next-generation WDM (wavelength division multiplexing) products such as ROADM (reconfigurable optical add-drop multiplexing), (CPO) converged packet optical and OTN switching had all witnessed double-digit growth in revenues compared with the same quarter a year ago. The global industry's annualised revenues of OTN switching were more than $2.2 billion. ZTE is ranked the second largest CPO-T (converged packet optical transport) provider.
According to the report, 1Q13 global optical networking revenues were lower than the same quarter a year ago. However, the 100G market saw strong growth, with 100G port shipments in 1Q13 increasing by 41percent and revenues increasing by 24 percent. ZTE has extensive experience in 100G and has deployed over 20 100G networks around the world.
*source: ME NewsWire
The release can be read online:http://me-newswire.net/news/7585/en