Power over Ethernet (PoE) Solutions Market Size

Power over Ethernet Solutions Market Size

Power over Ethernet Solutions Market size exceeded USD 700 million in 2018 and is estimated to grow at a CAGR of over 15% from 2019 to 2025. 

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The Power over Ethernet solutions market demand is expected to increase sharply as PoE technology enables the centralization of power in one location and provides high-speed connectivity to support the growing number of wireless devices in business environments. For instance, as the IoT connected devices are rising in numbers, the need for solutions that can converge data and power infrastructure to meet the demands of network assets increases to a great extent. The PoE technology is widely being used to support IoT projects such as smart cities, smart grid projects, and smart buildings. IoT communication networks use PoE to power smart infrastructure, thus meeting the demands of IoT use cases. Another factor accelerating the PoE solutions market growth is the development of new standards to expand support to new network devices. The regulatory bodies are making continuous amendments to the existing standards, which will fuel the adoption of Power over Ethernet solutions to provide gigabit connectivity to network-connected devices and IoT use cases.