During the anticipated period, the gigabit interface converter market is anticipated to register a CAGR of 10.6%. The market is anticipated to be worth US$ 870.0 million in 2022 and US$ 2,384.0 million by 2032. The Gigabit interface converter (GBIC) is a typical transceiver, which is commonly used for the conversion of electric current to optical signals and vice versa.
Gigabit interface converter acts as an interface or edge for high speed networking and is deployed in Ethernet systems and fiber optic. Gigabit port is made capable of supporting a large number of physical media through more than hundreds of kilometers by gigabit interface converter which acts as an interface. Transceiver is connected at the end of the Ethernet cable that facilitates signal conversion. A few year after the introduction of GBIC, the small form-factor pluggable (SFP) transceiver was also launched.
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The SFP does the same functions but is more compact than a normal GBIC. The transceiver module can be configured easily and upgraded in opto-electrical systems when the system is operating (hot swappable). The features that make GBIC preferable are: gigabit interface converter minimizes downtime during replacements enabling hot swap and plug and play functionality. These interface converters were commonly implemented in early 2000s. Gigabit interface converter is not obsolete, but has been gradually replaced by a compact, smaller and more lightweight version.
Global Gigabit Interface Converter Market: Drivers and Challenges
Most of the organizations preferring for efficient backup operations, many large and small enterprises opting for cost effective solutions these factors are expected to encourage the growth of global gigabit interface converter market.
Increasing IT spending primarily in the emerging economies is also expected to have a positive impact on the global gigabit interface converter market during the forecast period.
High cost of gigabit interface convertor and standardization issue associated with it are some of the major challenges faced by vendors.
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Global Gigabit Interface Converter Market: Competition Landscape
Some of the key players for gigabit interface converter market include Cisco Systems, Inc., Marvell, PLANET Technology Corporation, CELLO, D-Link (Europe) Ltd., Oracle, Hewlett-Packard Development Company, L.P., Allied Telesis, Inc., NETGEAR, and Moog Inc.
Key Segments
By Application:
- Oil & gas
- Chemical
- Healthcare
- Food and beverages
- Water and wastewater
- Others
By Type:
- Single-mode GBIC
- Multi-mode GBIC
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Related link:
https://penzu.com/journals/27101637/82487271
https://www.promorapid.com/read-blog/288452
https://writer.zoho.in/writer/open/ylwdz02e645b983de42b4bdce0383a06eda40
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