Switches and Multiplexers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 04/16/2018 -- The global switches and multiplexers market has always gained momentum from networking and switching systems demanding an extensive usage of switches and multiplexers as indispensable elements. These crucial parts of the systems help in controlling the flow of signals and information through them. A majority of the contemporary local area networks (LANs) incorporate network switches as a fundamental component. Switches and multiplexers with a higher data capability are made readily available in the market, owing to the increasing demand for them.
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Significant interest from large cloud service providers is projected to stand as a major driver for the global switches and multiplexers market. Some of the big giants in cloud service are Dell, Cisco, Huawei, and Hewlett-Packard (HP) Company. Beside this, there is an elevating want for 10GbE and 40GbE switches in the global market.
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The demand for 40GbE devices has exhibited a rise while riding on the requirement for networks and devices with high data transmission capability. 10GbE switches, on the other hand, are receiving demand from data centers, which is expected to emerge as a prominent end-user segment. Vendors in the market can also count on the opportunities in the telecom and broadband services industry and the inflating use of voice over internet protocol (VoIP).
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