Global Power over Ethernet Chipsets Market
The Global Power over Ethernet Chipsets Market size is expected to reach $1.05 billion by 2024, rising at a market growth of 10.5% CAGR during the forecast period. The Power over Ethernet technology would witness rapid growth due to the technological capability to transmit electrical power and networking through one cable. The use of Power over Ethernet chipsets would significantly reduce the wires used, which would eventually lead to lower costs, simplified infrastructure management, easier maintenance, limited downtime, flexible installation, and minimal power consumption.
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