Selbyville, Delaware, May 30, 2019 (GLOBE NEWSWIRE) --
The Power over Ethernet (PoE) solutions market is anticipated to hike from USD 700 million in 2018 to around USD 2000 million by 2025, according to a 2019 Global Market Insights, Inc. report. The market growth is driven by increase in the number of connected devices generating demand for more power, light, and data converged networks in IoT-enabled infrastructure.
The enterprises are facing challenges while designing a network infrastructure that can support several IoT devices. They are continuously seeking new ways to address network capacity planning for high-speed performance. The PoE solutions enable companies to manufacture PoE-compatible network devices to provide a cost-effective solution for larger installations. The PoE solutions-enabled network infrastructure is helping companies to eliminate additional hardware and reduce costs required to provide connectivity and power to connected devices separately.
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The Powered Devices (PDs) segment is expected to grow at a CAGR of over 15% in the Power over Ethernet solutions market during the forecast period due to the increase in the adoption of wireless devices such as VoIP phones, access control systems, lighting controls, alarms, barcode scanners, RFID, clocks, IP security cameras, digital signage displays, computer monitors, and PoS terminals. The complexities and costs required to manage power & connectivity to these devices are enabling enterprises to shift to the PoE-enabled PDs. The PoE solutions is helping enterprises in reducing costs and complexities associated with the maintenance of these devices by eliminating additional network hardware.
In 2018, the VoIP phones held the major share in the Power over Ethernet solutions market due to the need for a cost-effective and reliable solution for enterprise communication. The enterprises are using VoIP phones to reduce costs & complexities associated with the legacy telephony system. The PoE-enabled VoIP phones allow enterprises to reduce costs associated with the network hardware infrastructure by using a single cable for power & data transmission. The PoE solutions providers are developing network devices, which can support the changing network demand of enterprise customers.
Browse key industry insights spread across 292 pages with 401 market data tables & 30 figures & charts from the report, “Power over Ethernet (PoE) Solutions Market Size By Type (Power Sourcing Equipment (PSE), Powered Devices (PD)), By Device (Ethernet Switches & Injectors, IP Cameras, VoIP Phone, Wireless Radio Access Points), By Application (IoT Connectivity, Lighting Control, Infotainment, Access Control & Security), By End Use (Industrial [Energy, Oil & Gas, Telecom, Automotive & Transportation], Commercial [Office Space, Retail, Healthcare], Residential) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Singapore, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/power-over-ethernet-poe-solutions-market
The infotainment segment in PoE solutions market is expected to grow at a CAGR of over 15% during the forecast period due to the increase in the demand for enhanced in-vehicle experience. The growing demand for smart vehicles is enabling vehicle manufacturers to develop vehicles with integrated infotainment systems. The existing infotainment system is complex and lacks the bandwidth and packet data capabilities required for network support system updates. The automotive manufacturers are shifting to PoE-enabled infotainment systems for transforming the in-car experience through the delivery of features such as in-vehicle navigation, audio, video, and internet connectivity. The increasing demand for autonomous driving is enabling technology companies to develop PoE-based infotainment systems to match the changing bandwidth and connectivity demands of driverless cars.
The commercial sector held a significant market share of over 30% in 2018 due to the increase in the adoption of smart & automated systems in commercial buildings. The growing demand for smart workplaces is supporting Power over Ethernet solutions market growth in office spaces. The PoE solutions improves productivity in office spaces through connected & remotely controlled lighting. PoE infrastructure is a key asset for the implementation of the IoT technology in offices. PoE-enabled lighting improves the quality of the light with smoother intensity, dimming functions, and adjustable lighting color options to provide a comfortable and productive working environment.
The key players operating in the Power over Ethernet (PoE) solutions market are Advantech B+B SmartWorx, Analog Devices, Avaya, Belden, Broadcom, Cisco, CommScope, Dell, euromicron, HPE, Huawei, Kinetic Technologies, Maxim Integrated, Microchip, Monolithic Power Systems, NETGEAR, ON Semiconductor, Silicon Laboratories, STMicroelectronics, and Texas Instruments.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.