Power Over Ethernet Market Outlook, Development Applications, Sales Forecast, Current Worth and Challenges by 2032.
Power Over Ethernet Market Insights:
According to MRFR analysis, the Global Power Over Ethernet Market is expected to register a CAGR of~16.2% from 2022to 2030 and hold a value of over USD 3.3 billion by 2030.
The Global Power over Ethernet (PoE) Market is a networking feature that allows electrical power to be transmitted alongside data over Ethernet cables. It eliminates the need for separate power cables, providing a convenient and cost-effective solution for powering network devices such as IP cameras, wireless access points, VoIP phones, and other Internet of Things (IoT) devices.
The market for PoE has experienced substantial growth in recent years due to several factors. These include the increasing adoption of IoT devices, the demand for efficient and flexible power solutions, the need for network simplification, and the rise of smart infrastructure and automation.
The COVID-19 pandemic had significant impacts on the Global Power over Ethernet (PoE) market. The pandemic caused disruptions in the global supply chain, affecting the manufacturing and distribution of PoE components and equipment. Factory shutdowns, restrictions on international trade, and logistic challenges resulted in delays and shortages of PoE products, impacting the market's growth.
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