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.
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Key Takeaways from the report:
- 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.
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Grand View Research has segmented the North America metro Ethernet services market based on category, service, and region:
North America Metro Ethernet Services Category Outlook (Revenue, USD Million, 2014 – 2025)
North America Metro Ethernet Services Outlook (Revenue, USD Million, 2014 – 2025)
North America Metro Ethernet Services Regional Outlook (Revenue, USD Million, 2014 – 2025)
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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