Ovum Report Shows Strong Optical Market Climb by ZTE
22 October, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, today announced that it is now a top two optical networks provider in Asia/Pacific as reported by Ovum, a renowned research and consulting firm.
According to Ovum Report “Market Share: 2Q09 Optical Networks, Global and Regional,” in terms of sales revenues, Huawei, ZTE, Alcatel-Lucent and NEC were in the top four positions in the Asia/Pacific region. ZTE’s rolling four-quarter market share reached 12%, while its Q209 market share climbed to 16.1%, making it the second largest supplier for the first time in the region.
The report also shows that in Q209, optical networks sales as a whole in the Asia/Pacific region grew by 24% year-on-year, marking the region the first to attain recovery worldwide. The research also reveals that optical networking expenditure in the region amounted to US$2.671 billion in 1H09. The market size is expected to reach US$5.8 billion by the end of the year, largely attributable to significant growth in China and India, while uncertainties still shroud the Japanese market and Australia’s broadband investment plan.
Global single-quarter optical networks sales rose to US$3.8 billion in 2Q09, with ZTE showing the biggest quarter-on-quarter revenue growth at 213%. The report underlines ZTE as the number three vendor in global 2Q09 optical networks market.
For Europe, Middle East & Africa (EMEA) market, the research indicates that EMEA optical networks sales continued to fall in 2Q09, down to US$4.84 billion from the peak value of US$5.5 billion in 3Q08. Seriously affected by the economic crisis, there was a big market drop in Western Europe. By contrast, Central Europe, Eastern Europe as well as Middle East & Africa (MEA) were less affected. The analysis highlights that due to its continuously advancing product portfolio and enhanced implementation capability for large-scale turnkey projects, ZTE achieved a market share of 9.6% in EMEA in 2Q09. In the MEA market, it came third in the industry, achieving notable progress in the region.