Valley Cottage, NY -- (SBWIRE) -- 02/14/2018 -- Ethernet Access Device market is forecasted to witness a healthy double digit CAGR owing to exponential increase in adoption of Ethernet access device in telecom networks. Ethernet access device basically enhance the quality of network provided by service providers to customers increasing the customer satisfaction. Rising luxuries with advancing technologies in cellular connectivity drives the market growth. Having a fast Ethernet connection to obtain all the data in real time is the need of the day. The real time transfer of information is required in all the applications from a simple transfer of message to navigation in real time. These conditions dominate the life of the fast paced modern world giving rise to an increased demand for such devices like Ethernet access device, which boost the quality of network even when the people using the network increases exponentially.

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Global Ethernet Access Device Market: Market Dynamics

Increasing adoption of Ethernet access device in telecom networks backhaul and decrease in price of Ethernet access device are the main drivers for the market growth. In addition to this, the Ethernet access device enables the service providers to deliver high-bandwidth and high-quality Carrier Ethernet services with low delay over multiple copper pairs to customers. This is a cost effective solution for service provider to enhance the quality when users increase. Also customer uptake of Ethernet connections and services is the driving factor for the growth of the market.

However, high implementation cost and long-term return on investment are some of the factors that can restrain the growth of global Ethernet Access Device market.

Global Ethernet Access Device Market: Segmentation

Global Ethernet Access Device market is segmented on the basis of product and region.

On the basis of product, the global Ethernet Access Device market can be segmented into switches and routers. Routers are the devices which route a packet of data over the Ethernet from source to destination along the shortest available path while switch is a networking device which receives, processes and forwards a packet of data from source to destination on a network.

Global Ethernet Access Device Market: Regional Outlook

Regionally, the global Ethernet Access Device market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

In Ethernet access device Americas is the major revenue contributor to the market owing to the presence of various telecom operators in this region. As these telecom operators are switching their present technology to more improved versions, it will drive the demand for Ethernet access device in the market. Europe and Asia pacific are also substantial contributors and are expected to show a significant CAGR in the near future.

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Global Ethernet Access Device Market: Competition Landscape

The key vendors in the global Ethernet Access Device market are Aerohive, Allied Telesis, Advantech B+B SmartWorx, Ericsson, Huawei, Mellanox Technologies, Moxa, NEC, NETGEAR, Oracle, PLANET Technology, Siemens, Telco Systems, Westermo (Beijer Electronics Group), ZTE. Collaborating with other players and service providers in the building energy management market is the key strategy followed by major market vendors to gain competitive edge.