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Power over Ethernet (PoE) Solutions Market Segmented By Type such as Power Sourcing Equipment and Powered Devices with Device Type such as Ethernet Switches, Wireless Radio Access Points, Ip Cameras and Voip Phones
Power over Ethernet (PoE) is an innovative technology that allows delivery of power over conventional Ethernet infrastructure to facilitate easy and quick installation of WLAN access point, IP telephones, network cameras, and IP-based devices. PoE solutions offer convenience, reliability, interoperability, and complete system solution to easily deliver power through Ethernet cable.
PoE solutions are widely used in fields such as safety, wireless monitoring, and support infrastructural projects such as smart grid projects, smart cities, and smart buildings. The PoE solution for office network is a feasible idea to enhance network deployment, flexibility as well as stability.
For instance, PoE-based lighting control system can be used along with complete lighting solutions for the office area to control the desired parameters and reduce overall lighting energy consumption. Hence, with the increasing demand for smart offices, the market for Power over Ethernet (PoE) solutions is expected to grow, in the coming years.
The COVID-19 pandemic is having a considerable impact on all industries. Due to the COVID-19 outbreak, the companies have adopted work from home business model, to maintain the business operation and safety of their employees. The companies are reducing the investment in office infrastructural and hardware networking solutions for reducing the operating expenditure and increase profitability.
The demand for PoE solution is decreasing among the medium and large enterprises during the pandemic COVID 19 due to the low return of investment on IT infrastructures. The solution providers are expecting to adopt the new features and technologies to face future problems that affect the demand for the solutions.
The companies are majorly investing in security solution and other business operation solutions for increasing the efficiency of business operations. The PoE solutions market is estimated to increases during post-COVID-19 conditions at a moderate level due to changing business policies. The market is projected to increase by nearly 300-400 BPS by Q1, 2021, as compared to Q1, 2020.
Increasing use of Power over Ethernet (PoE) Solutions in Healthcare Sector
Power over Ethernet (PoE) solutions are expected to make huge strides in many sectors owing to the new wave of technology. PoE technology provides secure and reliable wireless networking for hospitals, offices, and smart buildings. Hospitals have a large number of people coming in and out daily and thus increasing the risk of security breaches in the form of break-ins and crimes.
Many hospitals have started deploying IP cameras to monitor the safety of the patients when a patient gets out of the bed, sits up in the bed, and gets to sleep. The use of PoE technology to power the IP cameras in healthcare facilities and hospitals is anticipated to drive the market growth for Power over Ethernet (PoE) solutions.
Increasing Use of VOIP Communication and Wireless Technology
Voice over Internet Protocol (VoIP) is the most common application of PoE technology. VoIP solutions allows people to make calls using a broadband internet protocol instead of using a telephone line. The three main reasons for adopting the VoIP technology are lower cost of infrastructure, low call cost, and integration of voice and data applications.
With the increasing demand for VoIP communication and wireless networking, the demand for Power over Ethernet (PoE) solutions is increasing at high rates.
Some of the prominent players in Power over Ethernet (PoE) Solutions market are COMMSCOPE, Huawei Technologies Co., euromicron AG, Dell, Kinetic Technologies, Monolithic Power Systems, Inc., Broadcom, Microchip Technology Inc., Cisco, Hewlett-Packard Development Company, Texas Instruments Incorporated, STMicroelectronics, Silicon Laboratories, among others.
Based on the region, the Power over Ethernet (PoE) Solutions market has been segmented into North America, Latin America, East Asia, Europe, South Asia & Pacific, and Middle East & Africa. North America is holding the highest market share due to the increasing demand for PoE ICs and controllers due to the presence of many power device manufacturers in this region.
The increasing adoption of PoE technology in smart cities, smart homes, and smart grids is expected to drive the Power over Ethernet (PoE) solutions during the forecast period. East Asia and Middle East & Africa region are expected to grow at moderate levels, due to demand for PoE solutions across commercial and industrial sectors. These applications are creating significant opportunities for the Power over Ethernet (PoE) solutions, in the developing countries.
The Power over Ethernet (PoE) solutions market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with Power over Ethernet (PoE) Solutions market attractiveness as per segment. The Power over Ethernet (PoE) Solutions market report also maps the qualitative impact of various market factors on Power over Ethernet (PoE) Solutions market segments and geographies.