The North America metro Ethernet market is projected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising demand for on-demand delivery of digital content services.
Carrier Ethernet service is delivered in form of a service to consumers, which makes it a prime choice for distribution of on-demand content. Growing consumer inclination toward offerings such as video conferencing and high-quality video streaming are propelling the demand for cost-effective Ethernet services in metro areas of this region.
Rising demand for high-performance networks and growing need for reliable connectivity are encouraging data centers and service providers to switch to carrier Ethernet. The evolution of Software-defined Networking (SDN) has made it easier for the service provider to provide scalable, reliable, and simple networking experience to their users at affordable prices.
Metro networks are designed to handle heavy data traffic demands that are originated from the high-definition (HD) video content. This factor increases the need for metro Ethernet services across the region. Increasing need to adopt high-quality, fast, and cost-effective carrier services to deal with rising data traffic has influenced enterprises, especially in metro areas of countries such as Canada and the US to choose Ethernet services.
Market Drivers, Restraints, Trends, and Opportunities
- Growing consumer preference for HD video content and video streaming is expected to boost the demand for carrier Ethernet in metro areas during the forecast period.
- Increasing demand for cloud-based applications and the introduction of metro networks from 1GbE to 100 GbE ports across both corporate and residential sectors are propelling the demand for quality offerings in the metro carrier Ethernet industry.
- Rising demand for high quality, scalable, economical, and reliable connectivity options in the retail enterprise sector of this region, is anticipated to boost the carrier Ethernet services market during the forecast period.
- High bargaining power owing to the intensive competition among telecom providers and solutions can restrain the market growth.
- The emergence of COVID-19 pandemic has positively impacted the North America metro Ethernet services market. The lockdown imposed by government bodies have made companies operating in the US and Canada to work remotely. This, in turn, has increased the demand for WLAN or Wi-Fi services, which is anticipated to spur the market growth during the forecast period.
North America Metro Ethernet Services Market Segment Insights
E-LAN segment to constitute a large market share
On the basis of services, the market is segmented into E-Line, E-LAN, E-Tree, E-Access and E-Transit. The E-tree segment is projected to expand at a healthy CAGR during the forecast period. The carrier Ethernet in metropolitan areas are expected to increase during the forecast period. Telecom service and network providers are heavily investing in efforts to retain existing customers and capture the growth opportunities offered by the regional market during the forecast period. On the other hand, the E-LAN segment is projected to constitute a large market share during the forecast period.
Retail segment to represent a considerable market share
Based on categories, the market is bifurcated into retail and wholesale. The retail segment is expected to represent a considerable market share during the forecast period. Increasing demand for high-speed and reliable data services from the retail sector of this region is anticipated to spur the segment growth. Growing consumer inclination toward video conferencing, VoIP, and high-quality video streaming in the retail sector of metro areas is projected to boost the market growth in this region.
US to account a significant market share
Enterprises in North America are struggling with flat and falling IT budgets due to the global currency fluctuations, economic slowdown, and recessions in the recent time. Conversely, growing demand for high bandwidth and increasing demand for carrier Ethernet are due to the capability of the users to share humungous data on the Internet.
The market in the US is projected to constitute a significant market share during the forecast period. The market growth is attributed to the growing consumer preference toward high-quality video content and video streaming in this region.
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