June 22, 2021
According to the research report titled ‘GLOBAL Patch Cable Market 2019-2028’, available with Market Study Report, global patch cable market is speculated to grow at a yearly rate of 7.20% between 2019-2028.
Emergence of 5G technology, increasing application, and rising number of data centers are key factors spurring global patch cable market expansion. Surging demand for high speed connectivity systems and devices will drive industry proliferation as well.
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On the other hand, high installation costs, negative impact of IoT technology, and geographical challenges will arrest global patch cable market growth.
Based on product gamut, the industry is divided into copper cable, and fiber optics. Speaking of application scope, the market space is bifurcated into networking, and non-networking. As per end user gamut, worldwide patch cable industry is segregated into industrial, IT & network security, enterprise, and others. Moving on to cable category, the market sphere is classified into CAT 3, CAT 5E, CAT 5, CAT6, CAT7, CAT6A, RG6, multimode optical fiber, and others.
From regional frame of reference, the report provides detailed analysis of micro markets across North America, Latin America, Europe, Asia Pacific, and Middle East & Africa, which is inclusive of growth catalysts and profitable opportunities over the forecast period.
North America captured majority of worldwide patch cable industry share in the past year and is speculated to grow rapidly between 2019-2028. Necessity for reliable & secure transmission medium, and increasing application of fiber optic ethernet cables are key factors contributing to this growth.
Leading players profiled in the global patch cable market report are Black Box Corporation, CP Technologies, Legrand LLC, CommScope Inc., Quabbin Wire & Cable Co. Inc., Corning Inc., Schneider Electric SE, General Cable Industries Inc., Comnen Technology Co. Ltd., Otscable, Panduit Corporation, Major Custom Cable Inc., Cablemaster Corporation, and Fiberstone.