PoE Switches Market Outlook
According to a new report by Expert Market Research titled, “PoE Switches Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global PoE switches market is projected to grow at a CAGR of 10.70% between 2024 and 2032. Aided by the growing demand for efficient networking solutions and the increasing applications of PoE switches across various sectors, the market is expected to grow significantly by 2032.
PoE switches, devices that offer electrical power and network connections over Ethernet cables, are increasingly becoming integral to many industries. They play a critical role in reducing cable clutter, offering centralised power management, and enabling the functioning of devices at remote locations. Apart from their primary benefits, PoE switches also provide the advantage of scalability, energy efficiency, and cost-effectiveness, making them a valuable addition to a variety of applications, including IP surveillance cameras, VoIP phones, and wireless access points.
The increasing demand for streamlined networking solutions is a significant driver for the global PoE switches market growth. As businesses worldwide are becoming more interconnected, the need for efficient networking infrastructure has surged. This trend has resulted in a considerable shift towards PoE switches, which offer network and power connections over a single cable, simplifying installation and management of network devices.
The broadening applications of PoE switches in various sectors also play a pivotal role in propelling the PoE switches market development. In the security and surveillance industry, PoE switches are extensively used with IP cameras for easier installation and reliable operation. The growing adoption of VoIP phones in the telecom industry has also fostered the demand for PoE switches, providing power and network connectivity over a single Ethernet cable. Furthermore, in the IT and networking sector, PoE switches are commonly used for powering wireless access points, thereby facilitating efficient wireless communication, thus aiding the PoE switches market growth.
Moreover, the burgeoning trend of smart homes and the IoT (Internet of Things) has led to an increased focus on PoE switches as an efficient power and networking solution. As IoT devices multiply, PoE switches are emerging as an ideal solution for powering these devices and providing network connectivity, thereby accelerating the PoE switches market expansion.
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PoE Switches Market Segmentation
The market can be divided based on type, device, application, end use, and region.
Market Breakup by Type
• Below 12 Ports
• 12-24 Ports
• 24-32 Ports
• 32-48 Ports
• Above 48 Ports
Market Breakup by Device
• Ethernet Switches and Injectors
• IP Cameras
• VoIP Phones
• Wireless Radio Access Points
Market Breakup by Application
• IoT Connectivity
• LED Lighting Control
• Security and Access Control
Market Breakup by End Use
Market Breakup by Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global PoE switches companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• NETGEAR Inc.
• Advantech Co., Ltd.
• Broadcom Inc.
• Cisco Systems, Inc.
• Digi-Key Corporation
• Dell Inc.
• TP-Link Corporation Limited
• Communication Networks LLC
• 3onedata Co., Ltd.
• Maiwe Communication
• Perle Systems Limited
• Allied Telesis, Inc.
• Patton LLC
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