Press release
PoE Switches Market Size is Expected to Reach $10.6 Billion by 2032
Allied Market Research published an exclusive report, titled, "PoE Switches Market By Type (5 Port, 6 Port, 8 Port, 10 Port, 28 Port, and Others), Application (Connectivity, LED lighting control, Security & Access Control, and Others), and End Users (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020-2027".The global PoE switches market was valued at $4 billion in 2022, and is projected to reach $10.6 billion by 2032, growing at a CAGR of 10.2% from 2023 to 2032.
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A PoE (Power over Ethernet) switch is a type of network switch capable of transmitting both electrical power and data through a single Ethernet cable to connected devices. This feature removes the requirement for individual power cables, thus making PoE switches a perfect choice for energizing devices like VoIP phones, IP cameras, wireless access points, and security systems.
PoE switches use special circuitry to deliver power over the Ethernet cables. The power is supplied at a low voltage, typically 48 volts, which is safe for people and equipment. The power is delivered to the connected devices using two of the eight pins in the Ethernet cable. The other four pins are still used for data transmission.
Key Market Players:
The PoE switches market size report offers an in-depth analysis of the 10 prime market players that are active in the market. Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations. The prime market players studied in the report are Advantech Co., Ltd., Analog Devices.Inc., Avaya.Inc., Broadcom, Cisco Systems.Inc., Dell Technologies Inc., HPE, Huawei Technologies, Silicon Laboratories Inc., and NETGEAR.Inc.
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Segmentation Analysis:
The PoE switches market is segmented on the basis of End Use, Type, and Port Count and geography. The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.
The PoE switches market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The PoE switches market report provides thorough information about prime end-users and annual forecast during the period from 2022 to 2030. Moreover, it offers revenue forecast for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts in the market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the PoE switches industry.
The growing need for network bandwidth, driven by the rising popularity of bandwidth-intensive applications such as video streaming and cloud-based services, is a primary driver of the PoE network switch, which has led to the development of Gigabit Ethernet and faster network technologies. Industrial PoE switch with greater port speeds, for example, are useful in a business setting where video conferencing and cloud computing are common. These switches can power and connect devices like high-definition IP cameras and VoIP phones, while ensuring that there is sufficient bandwidth for seamless video streaming and efficient cloud service access. By offering both power and high-speed data transmission through a single Ethernet cable, these advanced PoE switches cater to the dual needs of modern enterprises, facilitating a more efficient and robust network infrastructure that can handle the demands of contemporary bandwidth-heavy applications.
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COVID-19 Impact Analysis:
The COVID-19 pandemic hit almost all sectors across the globe. The government restrictions and guidelines issued by World Health Organization (WHO) have temporarily suspended the manufacturing facilities. In addition, the prolonged lockdown across several countries led to disruption of the supply chain and increased raw material prices. Such factors affected the global PoE switches market growth . The report offers an in-depth analysis of the impact of the COVID-19 outbreak on the market.
The Report Offers:
• Evaluation of market share for regional and country-level segments.
• Market analysis of top industry players.
• Strategic recommendations for new entrants.
• All mentioned segments, and regional market forecasts for the next 10 years.
• Market Trends (Drivers, Difficulties, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)
• Strategic recommendations in the main business segment of the market forecast.
• Competitive landscaping of major general trends.
• Company profiling with detailed strategy, financial and recent developments.
• Latest technological progress mapping supply chain trends.
The PoE switches market size has seen substantial growth, with a notable increase in PoE switches market share. This expansion is driven by strong PoE switches market growth, in line with evolving PoE switches market trends. A comprehensive PoE switches market analysis reveals the underlying factors propelling this upward trajectory. The proliferation of IoT devices and the demand for energy-efficient solutions are key drivers of this growth. Additionally, the PoE switches market's ability to support smart building initiatives and deliver cost-effective power and data solutions is contributing to its sustained expansion. As the market continues to evolve, businesses are increasingly recognizing the advantages of PoE technology, further fueling its market share and growth prospects.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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