Power over Ethernet Devices (PoE) Market Analysis: Insights into Size, Share, and Forecast 2023-2030
December 21, 2023 ⚊ 1 Min read ⚊ Views 49 ⚊ TECH
The Power over Ethernet (PoE) devices market is witnessing significant growth due to the increasing adoption of PoE technology in various industries. PoE technology enables the transmission of both power and data over a single Ethernet cable, eliminating the need for separate power cables and providing a cost-effective solution for power management. The market is driven by the growing demand for PoE devices in sectors such as IT & telecom, healthcare, and industrial automation. The integration of PoE technology in IP cameras, access control systems, and VoIP phones has further augmented its demand in the security and surveillance industry. Moreover, the rising deployment of IoT devices and smart building solutions is also driving the market growth. However, challenges related to power budget limitations and compatibility issues may hinder market expansion.
