The ethernet access device market is anticipated to be valued at USD 12,556 Million in 2022, forecast to grow at a CAGR of 4.2% to be valued at USD 18,977 Million from 2022 to 2032. Growth is attributed to increasing advancement in telecommunication. From 2016 to 2021 a CAGR of 3.3% was registered for the feed grade oils market.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2016-2021) | 3.3% CAGR |
| Projected Growth Rate (2022 to 2032) | 4.2% CAGR |
| Expected Market Value (2022) | USD 12,556 Million |
| Anticipated Forecast Value (2032) | USD 18,977 Million |
Ethernet is a computer networking technology used to connect devices to communicate with each other through multiple protocols. Ethernet connectivity benefits almost every type of user, ranging from businesses to gamers, including security and reliability
Ethernet is a proven success in the wired local area network (LAN) environment. Apart from LAN, it can also be utilized in metropolitan area networks (MAN) and wide area networks (WAN) to make the services more scalable and flexible. Any device (whether in an office, school, or home setting) that accesses a localized network using a cable (wired connection) is most likely to use Ethernet. Ethernet service is standardized as per the working group IEEE 802.3.
Devices need to connect through physical cables and hence, it is very difficult for outsiders to access the network through an unsanctioned device and hijack the bandwidth. For a wireless LAN technology, Ethernet is less vulnerable to noise and disruptions, such as physical barriers, band interference, or bandwidth hogs. Over time, Ethernet has mostly replaced its other competing wired LAN technologies, such as Fiber Distributed Data Interface (FDDI), ARCNET`, and Token Ring.
Ethernet Access Devices (EADs) are compact carrier Ethernet fields that are employed to create high-quality and high-bandwidth packet service with low latency over multiple copper pairs for end-users (individual and business) by the communication/internet service providers.
Ethernet Access Device market is forecasted to witness a healthy double digit CAGR owing to exponential increase in adoption of Ethernet access device in telecom networks. Ethernet access device basically enhance the quality of network provided by service providers to customers increasing the customer satisfaction.
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Growing Adoption of Ethernet Access Device in Telecom to Drive the Growth of the Market
Increasing adoption of Ethernet access device in telecom networks backhaul and decrease in price of Ethernet access device are the main drivers for the market growth. In addition to this, the Ethernet access device enables the service providers to deliver high-bandwidth and high-quality Carrier Ethernet services with low delay over multiple copper pairs to customers.
This is a cost-effective solution for service provider to enhance the quality when users increase. Also customer uptake of Ethernet connections and services is the driving factor for the growth of the market. Rising luxuries with advancing technologies in cellular connectivity drives the market growth. Having a fast Ethernet connection to obtain all the data in real time is the need of the day. The real time transfer of information is required in all the applications from a simple transfer of message to navigation in real time.
These conditions dominate the life of the fast paced modern world giving rise to an increased demand for such devices like Ethernet access device, which boost the quality of network even when the people using the network increases exponentially.
High Implementation Cost May Hinder the Grow of the Market
Although the ethernet access device market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The high implementation cost and long-term return on investment are some of the factors that can restrain the growth of the global Ethernet Access Device market.
Factors are hindering the growth of the global ethernet access device market, are fluctuating price of raw materials being used to manufacture switches and the presence of low-quality cheap products by other manufacturers in the market key restraints of the global Ethernet access device market.
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Presence of Leading Market Players in the Region Provide Opportunity for the Growth of the Market
North America dominated the global ethernet access device market in 2022. North America accounts for a market share of 29.0% in the global Ethernet access device market.
The USA is offering the opportunity for revenue generation over the forecast period, owing to the introduction of advanced technologies and increasing investment by companies in various sectors for smart production techniques and process automation.
North America hosts corporate complexes more than the rest of the world. All corporate consumers want a private network loop from their service providers in order to allay security concerns. LAN effectively addresses this security concern, which is mostly deployed on EADs. The demand for wireless hotspots and Wi-Fi solutions and services is expected to increase due to the rise in wireless technology investments by the major companies in this region.
Rise in Adoption of 5G Technology to propel adoption of Ethernet Access Devices
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the ethernet access device market, owing to presence of significant number of leading market players in the region. The Europe ethernet access device market accounts for 25.4% share of the total global market.
The increasing demand for higher bandwidth internet connection, rise in adoption of 5G technology, an increasing number of data centers, and digitalization of businesses to boost the growth of the market in the region.
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Increasing Advancements in Telecommunications to Boost the Ethernet Access Device Market
The ethernet access device market in the Asia Pacific is projected to expand at a rapid pace during the forecast period. The Asia Pacific, which follows North America, are expected to witness an increase in demand for Ethernet access device in the near future, as the demand for reliable, fast, and high-speed internet is rising in these regions.
The growing emergence of power over Ethernet (PoE) in various industries is projected to offer remunerative opportunities to the Ethernet access device market in Asia Pacific. Technological advancement in the telecommunication sector in the region to boost the Ethernet access device market.
The new entrants in the ethernet access device market are continually indulging in several collaborations and highly investing in research and development activities to provide more convenient solutions to industry verticals. Some of the major start-ups that are leading the development of the market are – Nimbus Technology, SecureTel Networks Inc., Embsys Technologies Private Limited
Some of the key participants present in the global ethernet access device market include Aerohive, Allied Telesis, Advantech B+B SmartWorx, Ericsson, Huawei, Mellanox Technologies, Moxa, NEC, NETGEAR, Oracle, PLANET Technology, Siemens, Telco Systems, Westermo (Beijer Electronics Group), ZTE among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Aerohive, Allied Telesis, Advantech B+B SmartWorx, Ericsson account for considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2022 to 2032 |
| Expected Market Value (2022) | USD 12556.0 Million |
| Anticipated Forecast Value (2032) | USD 18977.0 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Russia, China, Japan, South Korea, Australia, Saudi Arabia, South Africa, UAE, Israel |
| Key Companies Profiled | Aerohive; Allied Telesis; Advantech B+B SmartWorx; Ericsson; Huawei; Mellanox Technologies; Moxa; NEC; NETGEAR; Oracle; PLANET Technology; Siemens; Telco Systems; Westermo (Beijer Electronics Group), ZTE |
| Customization | Available Upon Request |
FMI projects the global ethernet access device market to expand at a 4.2% value CAGR by 2032.
North America is expected to be the most opportunistic with a 29.0% share of the total ethernet access device market.
Aerohive, Allied Telesis, Advantech B+B SmartWorx, Ericsson, Huawei are some prominent ethernet access device, market manufacturers.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Ethernet Access Device Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Product 5.1. Switches 5.2. Routers 6. Global Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. MEA 7. North America Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 8. Latin America Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 9. Europe Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Asia Pacific Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. MEA Ethernet Access Device Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Key Countries Ethernet Access Device Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Aerohive 14.2. Allied Telesis 14.3. Advantech B+B SmartWorx 14.4. Ericsson 14.5. Huawei 14.6. Mellanox Technologies 14.7. Oracle 14.8. PLANET Technology 14.9. Siemens 14.10. Telco Systems 15. Assumptions & Acronyms Used 16. Research Methodology
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Ethernet Access Device Market
