The research study by Technavio on the global Ethernet test equipment market for 2017-2021 provides a detailed industry analysis based on the product (10 GbE, 1 GbE, and 40 GbE and above) and geography (the Americas, EMEA, and APAC).
The market for Ethernet test equipment is expected to grow steadily during the forecast period. Service providers are expected to rely more on Ethernet devices for managing their growing network traffic at low operating costs. As a result, the demand for Ethernet devices is expected to increase from enterprises and data center users.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global Ethernet test equipment market:
- Increased demand for larger bandwidth
- Need to reduce capital and operational expenses
- Growing number of data centers
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Increased demand for larger bandwidth
The use of Internet has been growing at an exponential rate during the last few years. Technological innovations are draining network capacity, thereby creating demand for larger bandwidth. Cloud computing, data transfer and storage, and Internet of Things are key factors that are creating a demand for larger bandwidth. Increased use of computer and mobile applications are also driving the demand for larger bandwidth.
“Smartphones, tablets, and content delivery networks are expected to account for the majority of Internet traffic by 2021. Such technological developments in internet usage are expected to continue through the forecast period and thus create demand for larger bandwidth, which, in turn, will create demand for Ethernet test equipment,” says Anju Ajaykumar, a lead analyst at Technavio for test and measurement research.
Need to reduce capital and operational expenses
Ethernet is used for connecting local area networks (LANs) to metropolitan area networks (MANs) and wide area networks (WANs), which help in reducing OPEX for service providers. Using test and measurement services for Ethernet help and assist the service providers in ensuring continued network services and thus reducing maintenance and operational expenditure.
Ethernet technology is popular among IT professionals and is frequently used to interconnect LANs in enterprises. Problem-free services are a prime requisite for IT professionals. Hence, service providers invest in Ethernet test equipment to have a check on any ongoing discrepancies in their network connections to save expenses. The need to reduce CAPEX and OPEX is driving the demand for Ethernet test equipment.
Growing number of data centers
“The adoption of cloud computing has led to a rise in the number of data centers worldwide. Data centers need a reliable internet connection as their efficiency is critical to the handling of operational data of an IT company. Hence, these data centers make extensive use of Ethernet test equipment to attain optimal operational efficiency,” says Anju.
The content of corporate data has changed. Previously, most of the businesses monitored their data, but today they depend on a hosted environment. Urbanization, industrialization, and mechanization have led to an increased need for creating business models, improving products, and maintaining a healthy relationship with customers. The need for such complex operations creates a need for a platform that is dependable, which is driving the market growth.
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