March 3 2021
Market Research Future published a research report on “Crosspoint Switch Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The global Crosspoint Switch market is showing immense growth; mainly due to the increasing demand for energy-efficient and high-speed networking services. Steep increase in the deployment of data centers across various industry verticals is one major factor driving the growth of Crosspoint Switch market. Growing trend of internet of things is responsible for generating more data and this is further fuelling the growth of Crosspoint Switch Market. Increasing adoption of connected devices and smartphones is another factor boosting the market growth.
AWS, Google, Facebook, and Microsoft are the cloud service providers and internet service providers owned data centers and are the major investors in the Crosspoint Switch Market. Also, presence of large number of key players is making the marker appear fragmented. Digital Crosspoint Switches are very crucial for any business operational performances. Growing demand for LTE migration is one major factor driving the growth of global Crosspoint Switch market.
With the advent of internet of things, Crosspoint Switch has gained much popularity over the time. Also, increasing adoption of fourth-generation smartphones used for high speed of data transmission is another factor responsible for driving the growth of Crosspoint Switch market. According to a recent study report published by Market Research Future, the global market of Crosspoint Switch is booming and expected to gain prominence over the forecast period.
The global Crosspoint Switch market is growing rapidly over ~10% of CAGR and is expected to reach at USD ~ 62 Billion by the end of forecast period.
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Global Crosspoint Switch Market Segmentation
The global Crosspoint Switch market is bifurcated on the basis of type, form factor, end users and region. The type is segmented into digital, analog and others. The form factor is segmented into 64*64 & above, 12*12 To 64*64, 2*2 To 12*12 and others. The end users is segmented consumer electronics, commercial, automotive, industrial and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The prominent players in the global Crosspoint Switch market are – Analog Devices Inc. (U.S.), ON Semiconductor (U.S), Mindspeed Technologies, Inc. (U.S.), Vitesse Semiconductor (U.S.), Lattice Semiconductor Corporation (U.S), LSI Corporation (U.S), Microchip Technology (U.S), Intersil Corporation (U.S), Microsemi Corporation (U.S), Texas Instruments Inc. (U.S), MACOM Technology Solutions (U.S) among others.
Market Research Analysis:
On geographic basis, global Crosspoint Switch market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the Crosspoint Switch market. The Crosspoint Switch is gaining huge demand as it offers a central connection in any communication network, where connected device has a dedicated link with full operational bandwidth. In this market, Europe is to be estimated to be the second largest market share for Crosspoint Switch during the forecast period.
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