According to the global Power over the Ethernet market forecast from 2016 to 2022, the global PoE market is expected to grow at CAGR (compound annual growth rate) of 13% and estimated to reach a market size of around 1 billion US dollars by the end of the year 2022. The growth of the PoE market is being propelled by the increasing demand for PoE-based products such as VoIP phones, IP Cameras, WAPs (wireless access points), etc. Besides, the growing adoption of PoE power sourcing equipment for powering such devices will also further boost the Power over Ethernet solution market during the given forecast period.
Analyzing by regions, North America holds the largest share of the PoE market, followed by Europe and Asia-Pacific. The dominant role that North American plays in the PoE market can be attributed to the increasing demand for the PoE controller and ICs particularly in the IT and telecom industry. Europe is also showing steady growth in the market of Power over Ethernet. Countries such as China, Japan, and India are some of the major contributors that help to promote the flourishing PoE market in the Asia-Pacific region.