3rd January 2020 – The global Power
over Ethernet (PoE) market size is expected to value at USD by 2025. The
market is subject to witness a substantial growth due to the growing need for
low cost solutions and increasing demand for high-speed internet. The Power
over Ethernet (PoE) provides the transmission of data and information signals
over the twisted pair Ethernet.
This allows passage for electric power
alongside data to the devices like IP cameras and wireless access points. These
factors are expected to drive the growth of Power over Ethernet (PoE) industry
over next seven years. Globally, the Power over Ethernet market is predicted to
grow at higher CAGR in the forecast period, providing numerous opportunities
for market players to invest in research and development of the market.
The Power over Ethernet (PoE) technology
offer higher data transmission rate and helps to save additional cost of
installation for various network cables. In addition, development of innovative
products such as network security based cameras, proximity sensors and RFID
readers are predicted to favor the growth of Power over Ethernet (PoE) industry
over the forecast period. The latest technological trends such as cloud-based
services and big data analytics have led to deployment of numerous data centers
across the globe, thereby fostering market expansion in the recent years.
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The growing investment by industry
players for development of VoIP phones and wireless networking coupled with
increasing penetration of the penetration of fiber-optic cable in domestic
market are expected to stimulate industry growth in the near future as well.
Recently introduced applications and delivery systems that allows customers to
remotely operate or to switch to an IP service from POTS services, thus
providing a versatile platform. These factors are expected to boost the market
demand for Power over Ethernet (PoE) devices and the VoIP services.
The recent advancement in the Power over
Ethernet (PoE), also referred as the PoE Plus, has led to improved capability
to deliver power up to 34.2W, thus positively impacting market growth in the
upcoming years. Rise in the number of application of the Ethernet cable is
estimated to enhance the market growth over the next seven years.
The Power over Ethernet (PoE) market is
broadly categorized into three major segments based on end-user application
type such as residential Power over Ethernet (PoE) devices, commercial, and
industrial Power over Ethernet (PoE) devices. The commercial Power over
Ethernet (PoE) devices is considered as one of the fastest growing segment in
the Power over Ethernet industry with substantial revenue generation in the
last couple of years. Growing popularity of the commercial Power over Ethernet
(PoE) device segment is attributed to increasing demand from the retail sector,
healthcare sector and office buildings.
Residential application has also
witnessed massive growth, in the last few years, owing to the increasing
penetration of IP cameras for security, webcams, and VoIP phones. Shifting
consumer preference towards home automation and smart home appliances has also
contributed to the segment growth.
The Power over Ethernet (PoE) market is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in telecommunication sector,
growing amount of investments by government R&D activities in the region,
development of smart grids, and existence of well-established telecommunication
network. Asia-Pacific region is predicted to hold a major market share in the
Power over Ethernet (PoE) with massive growth in forecast period. Countries
such as India, China and Singapore are leading the Asia-Pacific market with
rising availability of high-speed internet, growing disposable income among
general population, presence of large consumer base, and significant investment
by leading industry players considering potential growth opportunities in the
region.
The key players in the Power over
Ethernet (PoE) industry are Cisco Systems, Inc., Silicon Laboratories, Inc., ST
Microelectronics N.V., Microsemi Co., and Akros Silicon, Inc.
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