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Carrier Ethernet Access Devices Market Report
Carrier Ethernet Access Devices Market Trends, Dynamics & Market Insights
Carrier Ethernet Access Devices Market, By Type (Electrical Devices, Optical Device), Application (Social Networking, Cloud-based Applications, Video-based Services, Private Cloud Infrastructure), and Region - COVID-19 Impact Analysis and Forecas...
The Carrier Ethernet Access Devices market is projected to grow from USD 16.3 billion in 2020 to USD 18.6 billion by 2026 at a CAGR of around 2.2% during the forecast period.
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Ethernet access devices (EADs) are known as compact carrier ethernet field-proven, high-performance access platforms that enable service providers and enterprises to deliver high-quality carrier ethernet services, high-bandwidth with low delay. Based on type, carrier ethernet access devices can be categorized as electrical devices and optical devices.
Key players operating in the Carrier Ethernet Access Devices market are-
The growth of the carrier ethernet access devices market is primarily driven by widespread use in applications including social networking, private cloud infrastructure, and video-based services among others. Increasing adoption of advanced technologies such as cloud computing across verticals is likely to drive the growth of the global carrier ethernet access devices market at a significant rate during the review period. The growing use of smartphones is expected to augment the market growth substantially. In addition to this, rising demand for advanced carrier ethernet access devices in developing regions is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the carrier ethernet access devices market has been bifurcated into social networking, cloud-based applications, video-based services, and private cloud infrastructure. Under these, the social networking segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing use of smartphones across geographies.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced technologies across verticals coupled with the presence of key market players such as Brocade Communications Systems (US) and Cisco Systems, Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the increasing adoption of advanced technologies and the growing use of smartphones.
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the carrier ethernet access devices market positively as the imposition of complete lockdown and restrictions on trade resulted in increased use of smartphones and adoption of advanced technologies in the end-use industries.
Here is the list of the group of customers that the carrier ethernet access devices market hopes to have the greatest opportunity to convert-
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The carrier Ethernet access devices market is expected to witness an impressive growth of 2.2% CAGR in the coming years.
Brocade Communications Systems (US), Cisco Systems, Inc. (US), ALE International SAS (US), Arista Networks (US), Aerohive Networks (US), Allied Telesis (Japan), Advantech B+B Smart-Worx Inc. (Taiwan), Ericsson (Sweden), Huawei (China), Telco Systems (US), Oracle (US), PLANET Technology Corporation (Taiwan), Mellanox Technologies Ltd. (US) and Siemens AG (Germany) are among the key players in the carrier ethernet access devices market.
The social networking segment is expected to register significant growth in the carrier Ethernet access devices market in the coming years.
The carrier Ethernet access devices market size is expected to reach USD 18.6 billion in the foreseeable future.
North America accounted for the largest share in the carrier Ethernet access devices market in 2020.
Carrier ethernet access devices distributors, Carrier ethernet access devices suppliers, Carrier ethernet access devices manufacturers, Logistics organizations, Government bodies are the target audience in the carrier Ethernet access devices market.
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