Power over Ethernet Solutions Market Segmentation:
Type Segment Analysis
Power over ethernet solutions market from the power sourcing equipment segment is expected to garner the highest revenue by the end of 2035. The growth of this segment is poised to be influenced by its extensive use in meeting the requirements in various powered devices applications such as wireless access points, video cameras, VoIP phones, and more. As it saves cost by eliminating the necessity to deploy a separate power supply, its use in this application is growing. Power-sourcing equipment is widely used in home automation for installing smart doorbells, smart speakers, LED lighting, and voice assistants. The World Economic Forum in April 2022 stated that by 2027, the number of households with at least 1 smart speaker would reach 335 million.
Application Segment Analysis
The IoT connectivity segment in the POE solutions market is predicted to experience significant growth till 2035. This enlargement is estimated to be dominated by the growing use of IoT in various industries such as manufacturing, retail, healthcare, and transportation. Hence, with this, the deployment of POE-enabled switches and routers is forecast to grow further, boosting the market gain. The data published by the European Union in 2021, 29% of enterprises use Internet of Things devices, mostly for keeping their premises secure. These factors are bolstering the growth of the segment.
Our in-depth analysis of the global POE solutions market includes the following segments:
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