Capital News

The Global Patch Cable Market to Reap $4633.29 Million by 2028

 Breaking News
  • No posts were found

The Global Patch Cable Market to Reap $4633.29 Million by 2028

December 22
19:01 2020
The Global Patch Cable Market to Reap $4633.29 Million by 2028

Global Patch Cable Market
As per a Triton Market Research report, the global patch cable market, which generated $2478.15 million in revenue in 2019, will showcase a CAGR of 7.20% by the year 2028.

A recent study by Triton Market Research titled ‘Global Patch Cable Market,’ covers the Global Analysis and Forecast for 2019-2028 by Application (Networking, Non-networking), by Product Type (Copper Cable, Fiber Optics), by Cable Category (CAT 3, CAT 5, CAT 5E, CAT 6, CAT 6A, CAT 7, Multimode Optical Fiber, RG6, Others), End-user (Industrial, Enterprise, IT & Network Security, Others), and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

A patch cable is an optical cable or electrical used to connect an optical device or an electronic to another for signal routing.

 

Request Free Sample of the Global Patch Cable Market Report @ https://www.tritonmarketresearch.com/reports/patch-cable-market#request-free-sample

 

The Triton report on the global patch cable market indicates that this industry will garner a revenue of $4633.29 million by the year 2028, growing at a CAGR of 7.20% over the forecasting phase of 2019-2028.

The growing demand for systems and devices with high-speed connectivity is primarily driving this market’s growth. These devices and systems facilitate smooth and secure data transmission. Patch cables provide numerous common techniques for the transmission of power over ethernet (PoE) cabling. This benefit offered by patch cables is raising their demand among the end-users.

The concept of the Internet of Things (IoT) has evolved in recent years, due to technological advancement. This is increasing the number of devices connected to each other exponentially. The increasing number of connected devices is predicted to lead to the failure of wired networking, as it is not viable to connect multiple devices through a wired network. Thus, this negative impact of IoT is hindering the market growth.

The market for patch cable is primarily categorized on the basis of application, product type, cable category, and end-user. Based on application, it is divided into networking and non-networking. Whereas, based on product type, it is bifurcated into copper cable and fiber optics. According to cable category, it consists of CAT 3, CAT 5, CAT 5E, CAT 6, CAT 6A, CAT 7, multimode optical fiber, RG6, and others. And as per end-user, it includes industrial, enterprise, it & network security, and others.

The Asia-Pacific is anticipated to become the fastest-growing market for patch cable globally in the forecasting years. This is mainly owing to the rise in the penetration of optical fiber technologies in developing nations, as a result of numerous upcoming projects like smart cities. Also, the APAC offers numerous growth opportunities to players in the cable management market. Prysmian, one of the most renowned cable manufacturing companies in the world, along with other companies, are preferring to expand their footprint in the region. Moreover, the rapid rate of urbanization and industrialization in the Asia-Pacific has made the region a lucrative and emerging market for patch cable manufacturers.

Black Box Corporation, Legrand LLC, Fiberstore, Panduit Corp, Schneider Electric, Quabbin Wire & Cable Co Inc, General Cable (Prysmian Group), and Otscable, Comnen, Belden, CP Technologies, Major Custom Cable, Corning Incorporated, Commscope, and Cable Master are some of the renowned companies in this market.

 

Purchase this Report @ https://www.tritonmarketresearch.com/reports/patch-cable-market#purchase-option

 

Question & Answer: Patch Cable Market

Question 1: what factor is primarily driving the patch cable market’s growth?

Answer: The growing demand for systems and devices with high-speed connectivity is primarily driving this market’s growth. These devices and systems facilitate smooth and secure data transmission. Patch cables provide numerous common techniques for the transmission of power over ethernet (PoE) cabling. This benefit offered by patch cables is raising their demand among the end-users.      

Question 2: What factor is hindering the patch cable market growth?

Answer: The concept of the Internet of Things (IoT) has evolved in recent years, due to technological advancement. This is increasing the number of devices connected to each other exponentially. The increasing number of connected devices is predicted to lead to the failure of wired networking, as it is not viable to connect multiple devices through a wired network. Thus, this negative impact of IoT is hindering the market growth.

Question 3: How is Asia-Pacific influencing the growth of the patch cable market?

Answer: The Asia-Pacific is anticipated to become the fastest-growing market for patch cable globally in the forecasting years. This is mainly owing to the rise in the penetration of optical fiber technologies in developing nations, as a result of numerous upcoming projects like smart cities. Also, the APAC offers numerous growth opportunities to players in the cable management market.

Prysmian, one of the most renowned cable manufacturing companies in the world, along with other companies, are preferring to expand their footprint in the region. Moreover, the rapid rate of urbanization and industrialization in the Asia-Pacific has made the region a lucrative and emerging market for patch cable manufacturers.

 Question 4: Which are some of the renowned companies in the patch cable market?

Answer: Black Box Corporation, Legrand LLC, Fiberstore, Panduit Corp, Schneider Electric, Quabbin Wire & Cable Co Inc, General Cable (Prysmian Group), and Otscable, Comnen, Belden, CP Technologies, Major Custom Cable, Corning Incorporated, Commscope, and Cable Master are some of the renowned companies in this market.

 

 

Related Report:

Global Virtual Desktop Infrastructure Market

The global virtual desktop infrastructure market is expected to register a CAGR of 9.51% during the projected phase 2019-2027. It garnered a revenue of $4820.93 million in 2018, and is expected to garner $11174.71 million by the year 2027.

The adoption of BYOD (bring your own device) policies in organizations across the world is majorly driving the global market. This is because the implementation of VDI is a cost-saving measure for devices and other equipment assets. Employees thus get the flexibility of working from self-owned devices, which contributes to enhanced productivity in any organization.

Moreover, virtual desktop infrastructure provides sensitive applications, and the data in the data centers, where applications can be centrally protected and managed. Hence, VDI helps businesses manage mobile devices by delivering a whole suite of company data and applications to the employees’ devices without needing any modification to and exposure of sensitive information.

Media Contact
Company Name: Triton Market Research
Contact Person: Matt Dixson
Email: Send Email
Phone: +44 7441 911839
Address:196, wards wharf approach London E16 2EQ
Country: United Kingdom
Website: https://www.tritonmarketresearch.com/


Warning: count(): Parameter must be an array or an object that implements Countable in /home/capitalnews/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share