According to a recent study titled ‘Power over Ethernet (PoE) Solutions Market Size By Type (Power Sourcing Equipment (PSE), Powered Devices (PDs)), By Device (Ethernet Switches & Injectors, IP Cameras, VoIP Phone, Wireless Radio Access Points), By Application (IoT Connectivity, Access Control & Security, Infotainment, Lighting Control), By End Use (Industrial [Energy, Oil & Gas, Telecom, Automotive & Transportation], Commercial [Office Space, Retail, Healthcare], Residential), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Singapore, Brazil, Mexico, Argentina, South Africa, GCC), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report, the global power over ethernet solutions market is projected to cross USD 2 billion by the year 2025.
 

Rising adoption of wireless devices, increasing number of smart city projects, surging demand for cost-efficient wireless network infrastructure, and growing inclination towards cloud-based solutions are the major growth drivers of power over ethernet (PoE) solutions market. Growing need for reliable and cost-effective systems to manage security devices such as IP cameras and access points is boosting the demand for PoE solutions. Adoption of IoT devices across residential and commercial sectors will further augment the market outlook.
 

Application of PoE systems in LED lighting is also fostering the growth of power over ethernet solutions market. These solutions eliminate the need for a separate power unit for suppling power to each IP-enabled lighting system. PoE enabled lighting solutions improve energy efficiency and productivity in commercial spaces through remote management of brightness and temperature levels. Rising use of PoE enabled lighting solutions in smart buildings will stimulate the business outlook in the coming years.
 

Based on the type, power sourcing equipment (PSE) segment is slated to grow with a CAGR of 18% over the forecast period. PSE equipment eliminates the need of additional cables for powering the wireless devices. This factor coupled with innovations in PSE devices and rising adoption of industrial internet of things (IIoT) solutions are driving the segment growth.
 

Based on the device, power over ethernet solutions market from IP camera segment held 24% share in 2018 and is expected to see considerable growth during the analysis period, on account of increasing demand for reliable and cost-efficient surveillance systems. PoE-enabled IP cameras utilize a single channel for data connectivity and power supply. These cameras offer reduced cost and complexities as compared to standard IP cameras.
 

In terms of the application scope, access control & security segment is anticipated to grow the fastest with 19% CAGR during 2019-2025. PoE solutions offer various advantages over physical security systems such as high flexibility to access control devices irrespective of proximity to power source. Furthermore, the high cost of investment associated with physical security systems on account of additional power and network hardware requirements will boost the demand for PoE access control & security systems.
 

Speaking of the end-use spectrum, power over ethernet solutions industry from residential segment is expected to grow with a CAGR of 18% through 2025, owing to rising inclination towards smart homes. Rising installation of LED lighting, IP camera, and access controller in smart homes is fostering the demand for wireless and efficient connectivity solutions, thereby driving the PoE solutions market.
 

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Considering the geographical outlook, North America power over ethernet solutions market registered 45% share in 2018 and is slated to see a considerable growth in the coming years, owing to the presence of key PoE equipment manufacturers in the region. Additionally, surging adoption of IoT for building and factory automation is fostering the regional growth.
 

Prominent players of power over ethernet solutions market include Hewlett Packard Enterprise, Cisco Systems, Inc., Broadcom, Dell Technologies, Inc., NETGEAR, Inc., Maxim Integrated Products, Inc., Analog Devices, Inc., Microsemi Corp., Texas Instruments, Inc., STMicroelectronics N.V., Silicon Laboratories, Inc., ON Semiconductor Corp., Monolithic Power Systems, Inc., Akros Silicon, Inc., Huawei Technologies, MICROSENS GmbH & Co. KG, CommScope Holding Company, Inc., Belden, Inc., Avaya, Inc., and Advantech Co., Ltd.