Growing Demand For Data Centers To Drive Expansion Of Global PoE Chipset Market At 10.0% CAGR 2016–2020
The 60-page research study, titled “Global PoE Chipset Market 2016–2020,” offers a detailed analysis, including information regarding the key drivers, barriers, opportunities, and latest trends in the market. In addition, the product segmentation, vendor analysis, and key geographical segments of the global power over Ethernet (PoE) chipset market have been discussed in the research report.
As per the study, the global power over Ethernet chipset market is anticipated to register a healthy 10.0% CAGR between 2016 and 2020. The increasing adoption of optical fiber cables for communication and the rising transition to 10GbE and 40GbE switching ports are fuelling the global market.
The rising demand for data centers and increasing power prices are some of the primary factors driving the demand for PoE chipsets. In addition, the increasing Internet of Things (IoT) standards diversity is estimated to generate potential opportunities for key players operating in the market. The rapidly rising demand for data across the globe is estimated to accelerate the growth of the overall market in the next few years. On the other hand, the growing implementation of wireless communication technologies, rising interoperability issues, and network security are some of the key factors restricting the growth of the global PoE chipset market.
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Among the key geographical segments, the Americas are expected to lead the global PoE chipset market in terms of revenue. Rising investments from the governments and growing demand for PoE chipsets in smart grids are some of the primary factors estimated to fuel the PoE chipset market in the Americas. In addition, the rising adoption of Ethernet switches owing to the availability of a large number of data centers operated by telecommunication service providers, certified safety professionals, enterprises, and government agencies is expected to accelerate the growth of the market.
With the presence of a large number of international and local players, the global PoE chipset market is extremely competitive and fragmented in nature. The high growth potential of the market is encouraging key players to compete intensely in order to attain a significant share in the market. Distribution channel, price, technology, and brand name are some of the key factors on the basis of which the players are competing against each other. In addition, these players are focusing on offering new and innovative products at lower prices to attract a large number of consumers across the globe.
Some of the leading players operating in the PoE chipset market across the globe are Maxim Integrated Products, ON Semiconductor, Microsemi, Silicon Laboratories, STMicroelectronics, and Flexcomm. Several new players are expected to participate in the global market in the next few years to gain competitive advantage.
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