North America Metro Ethernet Services Market Size, Share, Growth and Trend Analysis Reportby Susan Hill Business Consultant
The North America metro ethernet services market size is expected to reach USD 27.1 billion in 2025 and is anticipated to exhibit a CAGR of 4.8% from 2018 to 2025, according to a new report by Grand View Research. Growing user expectation for high-quality video content and video streaming has propelled demand for carrier Ethernet in metro areas and is one of the most prominent drivers of the market.
Another factor driving demand for Ethernet services across metro cities in the region is increasing consolidation of data centers, which facilitates the need for both improved performance as well as bandwidth. In terms of services, the E-Transit segment is expected to exhibit the highest CAGR from 2018 to 2025, owing to rising increasing demand for carrier Ethernet services across the enterprise sector in metro areas in the region. Enterprises in North America are being significantly influenced by growing need to adopt fast, high-quality, and cost-effective carrier services to deal with surge in data traffic, particularly in metro areas in countries such as U.S. and Canada.
On the other hand, E-LAN and E-Line services will collectively contribute a major share to the overall market revenue over the forecast period. The steadily expanding E-Tree segment will also benefit from the growth prospects of carrier Ethernet services in metropolitan areas in North America.
Based on category, demand from the enterprise/retail sector will play a key role in spearheading the development of the North America metro Ethernet services market. This can be chiefly attributed to rising demand for VoIP, video conferencing, and high-quality video streaming in the enterprise/retail sector in metro areas.
The North America region is extensively diversified and an early adopter of advanced technologies. Internal competition among service providers is likely to hinder the proliferation of the Ethernet services across metropolitan regions. U.S. dominated the North America metro Ethernet services market in terms of revenue in 2017.
Further key findings from the report suggest:
- By category, the retail/enterprise segment is expected to witness
substantial growth over the forecast period owing to recent
standardizations in the carrier Ethernet industry
- On the basis of service, the E-LAN segment accounted for the largest
market share in 2017. The E-Tree segment is expected to register the
highest CAGR from 2018 to 2025
- U.S. and Canada are expected to witness considerable growth over the
forecast period owing to substantial rise in demand for
bandwidth-intensive applications and growing adoption of cloud-based
applications, which require high-quality, dedicated data transfer speeds
- Key players in the North America metro Ethernet services market
include Amdocs Limited; Cogent Communications, Inc.; Telefonaktiebolaget
LM Ericsson; Level 3 Communications (CenturyLink); Liberty Global;
Netcracker Technology Corporation; NewWave Communications; Mediacom
Communications Corporation; AT&T Inc.; and Charter Communications.
full research report on North America metro ethernet services market:
Created on Feb 11th 2020 07:00. Viewed 238 times.