The global network hubs market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the growing need for low cost solutions and increasing demand for high-speed internet. The network hubs provide data transmission and information signals over the twisted pair Ethernet cables.
The network hub offers higher data transmission rate and helps to save additional cost of installation for various network cables. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of network hubs market.
Network hub or Ethernet hub acts as a network hardware device that connects various Ethernet devices together, thus creating a single network interface. Network hub or Ethernet hub consists of several input or output (I/O) ports. The transmission signal is introduced at the input of any port; the signal is then transmitted via every other output port except the original port. The network hub performs its functions at the physical layer of the OSI model. However, preferred use of network switches is expected to limit market growth to a certain extent.
Shifting trend towards Bring Your Own Device (BYOD) by large-scale organization is expected to drive the market demand for network hubs. Network hubs offer enhanced product effectiveness along with ease of deployment. Network hubs also minimize system complexity, thus aggravating market expansion in the upcoming years. Shifting focus towards incorporation of Internet of Things (IoT) and machine-to-machine (M2M) networks is immensely contributing to industry growth over the forecast period. Network hub has the ability to address the different enterprise network and regulatory scenario.
The network hubs market is broadly categorized into four major segments based on the application type such as industrial automation industry, power and energy sector, automotive sector and transportation sector. Industrial automation segment is growing rapidly with the substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in telecom sector, surge in number of research & development activities in the region and existence of well-established IT infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the network hubs industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid advancement in telecommunication sector, growing need for enhanced control and visibility mechanisms, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the network hubs market are Cisco Systems, Inc., NXP Semiconductor N.V., Marvell Technology Group Ltd., Microsemi Corp., Intel Corp., National Instruments Corp., Xilinx, Inc., Analog Devices, Inc., Broadcom Ltd., Belden Inc., Renesas Electronics Corp., and TTTech Computertechnik AG.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Network Hubs in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Network Hubs market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Extreme Networks
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Type I
• Type II
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Network Hubs for each application, including
• Application 1
• Application 2
Research Support Specialist, USA