Could the trend towards wireless be on it’s way out?
A new report from Allied Market Research suggests that businesses are turning away from Wi-Fi and returning to traditional Ethernet systems. According to the report, spending on Ethernet cables will surpass the $1 billion threshold globally by 2022, meaning the industry will have experienced a compound annual growth rate of 14.3 per cent between 2014-2022. Ethernet systems enable multiple computers to talk to each other over the same network, but factors like the rise of the global workforce and telecommuting along with restrictions when it comes to laying out cable have contributed to a rise in Wi-Fi and cloud technologies. However, recent developments such as super fast CAT6 and CAT7 Ethernet cables have improved connectivity, leading to more businesses moving back towards this type of network.
Are Wi-Fi safety concerns the cause?
The report details that China is expected to be the biggest spender, as the tech and data markets receive heavy investment, with the wider Asia-Pacific market projected to account for 35 percent of global cable spending.
In conventional office setups, the demand for Ethernet LAN cables remain strong, and worries over the number of devices being used over unsecured networks in the workplace mean many businesses are reevaluating their current systems. A new survey has revealed that in China, cyber attacks on businesses have risen by a substantial margin. In fact, the number of attacks on businesses in China and Hong Kong has soared by 969 per cent in just two years – meaning the survey’s 440 respondents sustained an average of more than seven attacks a day. These attacks can take place in less than two seconds, placing businesses in a highly vulnerable position – especially those that implement a Bring-Your-Own-Device (BYOD) policy. With this, employees can bring their own tablets or laptops to work, but it has been revealed that 60 percent of businesses do not have a firm, written BYOD policy in place, resulting in over half of BYOD users connecting to an unsecured network. Given that two out of three enterprises allow BYOD, the need for high-powered, secure networks is greater than ever.
This, in addition to the higher speeds and fewer connectivity interruptions afforded by Ethernet connections, has no doubt contributed to its rapid rise in popularity in recent years.
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