Press release
Digital Crosspoint Switches Market Research Report 2023
Digital Crosspoint Switches MarketDigital crosspoint switch is significantly considered as the next generation high speed packet switch. Digital crosspoint switches is used to transfer data at faster rate and are basically used in packet switching and telephony. Additionally, digital crosspoint switches are used in applications which include mechanical, medical, video and military among others. This is because digital crosspoint switches can handle several protocols, clock sources and data streams. Over past few years, semiconductor companies have developed chip-to-chip serial links that were deployed in various commercial routers and switches. Crosspoint switch enables high performance for two reasons, first faster data transfer and high speed data. Due to fast innovation pace coupled with changing market conditions in telecommunication industry and proliferation of standards, the digital crosspoint switch market provides opportunity for various integrated circuit manufacturers.
The global Digital Crosspoint Switches market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Digital crosspoint switches are commonly used as multiplexer in communication and networking infrastructure. Digital crosspoint switches are expected to achieve significant growth with increasing demand of less expensive, smaller and powerful crosspoint switches. Additionally, increasing demand of 3G wireless service, Voice over Internet Protocol (VoIP) and wireless web devices have augmented the need for wide bandwidth communication systems. As digital crosspoint switches are intended to reduce the cost when implementing new systems, migration of broadcasting services such as multimedia-on-demand and cable TV to packet oriented networks is expected to provide major opportunity for this market. The telecommunication industry is rapidly changing. In the past, telecommunication market was driven by technology involved in voice service. Today, digital crosspoint switches are acting as building blocks for telecom systems by providing high flexibility and performance. The continuous adoption of broadband technology have created significant opportunity for IC suppliers that can create cost effective solutions for transport and processing of data. Additionally, increasing adoption of next generation wireless devices which include features such as video recorders, cameras, internet browsing in addition to capabilities such blogging, instant messaging and e-mail, the digital crosspoint switch market is poised to grow.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Digital Crosspoint Switches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Crosspoint Switches.
The Digital Crosspoint Switches market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Digital Crosspoint Switches market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Crosspoint Switches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
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Key Companies
• LSI
• Texas Instruments
• Alcatel-Lucent
• Huawei
• Mindspeed
• Vitesse Semiconductor
• Cisco Systems
• Juniper Networks
By Type
• Single Lane Crosspoint Switches
• Dual Lane Crosspoint Switches
• Quad Lane Crosspoint Switches
By Application
• Electronics
• Military
• Avionics
• Medical
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