The global market for digital crossspoint switches is the focus of analysis of market research report by Transparency Market Research. The report presents a 360-degree overview of the major elements of the market and furnishes qualitative as well as quantitative details pertaining to the past and present states of these elements. Data is given from a global as well as a regional standpoint. The report is titled “Digital Crosspoint Switches Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023”.
Some of the major factors driving the global digital crosspoint switches market are the rising level of digitization, rising penetration of broadband networks, increasing adoption of mobile computing devices, and the resulting rise in volume of digital data in the past few years. The continuous rise in demand for high speed and high quality data transfer is driving the evolution of broadband networks. As digital crosspoint switches aid in the efficient functioning of broadband networks, their demand is also expected to rise significantly in the years to come.
Additionally, the ability of digital crosspoint switches to support a large number of data centers-specific protocols is also a major factor increasing their adoption globally.
The demand for compact, less expensive, and powerful digital crosspoint switches is expected to open several new growth opportunities for vendors in the global digital crosspoint switches market. Increased investments in communication semiconductors and network infrastructure by the telecom industry is also one of the major opportunities that companies can capitalize on in the near future.
On the basis of application, the market has been segmented into military, commercial, medical, avionics, and industrial.
On the basis of geography, the market has been segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). The report states that the market will expand at a robust pace in developing countries of Asia Pacific, Latin America, and Africa owing to the rapid expansion of telecom industry and improved penetration of broadband networks in these regions.
The report also gives in-depth insight into the competitive scenario of the global digital crosspoint switches market with the help of detailed business profiles of some of the key vendors in the market, recent developments, and inputs from industry experts. Some of the major vendors in the market profiled in the report are Mindspeed Technologies Inc., Analog Devices, Inc., Texas Instruments Inc., LSI Corporation, Micrel Inc., Hittite Microwave Corporation, Vitesse Semiconductor Corporation, Lattice Semiconductor Corporation, Intersil Corporation, Maxim Integrated, and Semtech Corporation.