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By 2025, the North American patch cable market will be nearly $2.4 billion.

  • Categories:Trade News
  • Time of issue:1560303600000

By 2025, the North American patch cable market will be nearly $2.4 billion.

  • Categories:Trade News
  • Time of issue:2019-06-12 09:40

Allied Market Research released a report that the North American patch cord cable market will reach $2.39 billion by 2025, with an annual growth rate of 12.3%.

The report argues that the surge in demand for telling connections and advances in cable technology have driven market growth. However, the negative impact of the Internet of Things technology in the region has also hindered the growth of the market to some extent. On the other hand, the development of data centers and the emergence of the 5G technology revolution have created more opportunities for market growth.

The surge in demand for high-speed connections and advances in wired technology have driven the market. However, negative impacts on certain aspects of the Internet of Things (IOT) in the region have hindered growth to some extent. On the other hand, the development of data centers and the emergence of 5G revolutionary legal persons have created lucrative opportunities for market growth.

In 2018, copper cable accounted for more than half of the North American patch cable market and will maintain its dominant position throughout the forecast period, mainly due to increased availability in distribution, telecommunications and other applications, but due to telecommunications and The practical growth of computer networks has the highest growth rate of fiber-optic cables, and the compound growth rate is expected to be 15.7% during the forecast period.

In terms of product types, CAT6 cable accounts for the largest share of market revenue, reaching more than 25%. However, during the forecast period, with the demand for high-speed connections, CAT7 cable will be predicted to be the fastest compound year of 26.8%. Growth rate growth.

From the application field, the network sector has the highest growth rate, with a compound annual growth rate of 12.7% during the forecast period. From a country perspective, the United States will dominate the North American market, with a market share of more than 75% in 2018. This is because the accessibility of various data centers is easy, however, due to increased investment in the domestic cable manufacturing industry, Canada is estimated to grow at a compound annual growth rate of 14.9% from 2018 to 2025.

 

By 2025, the North American patch cable market will be nearly $2.4 billion.