DUBLIN, April 01, 2022--(BUSINESS WIRE)--The "Patch Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global patch cable market reached a value of US$ 2.57 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4.23 Billion by 2027 exhibiting a CAGR of 8.10% during 2022-2027.
Quabbin Wire & Cable Co. Inc.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Patch cable, also known as patch cord, is used to connect a power supply to an end device for signal routing. It carries telephonic, audio, and video signals between non-networked devices, such as headphones and microphones. It is shorter than other conventional networking cables and widely available in numerous colors. At present, a surge in need for data transfer and networking in all commercial activities is catalyzing the demand for patch cables across the globe.
The rising demand for a high-speed network in production facilities to evaluate real-time data, improve production processes and offer smooth as well as secure transmission of data represents one of the key factors driving the market. Moreover, enhancement in cable technologies and usage of patch cables in transmitting power over ethernet (PoE) is propelling the growth of the market. In addition, there is an increase in the development of data centers to store, manage, and disseminate a huge amount of data.
This, along with the emergence of the 5G network, is positively influencing the market. It relies on patch cables to connect equipment within the domain of radio access network (RAN) and back to the core and routing network infrastructure. Besides this, the increasing utilization of patch cables in residential and institutional spaces on account of their low latency and noise interference, easy installation, and reliability is contributing to the growth of the market. Apart from this, the growing penetration of fiber to the x (FTTx) is offering lucrative growth opportunities to the key players. Furthermore, technological advancements in healthcare, telecommunication, and administrative sectors are stimulating the growth of the market.
Key Questions Answered in This Report:
How has the global patch cable market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global patch cable market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the cable type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global patch cable market and who are the key players?
What is the degree of competition in the industry?
6 Market Breakup by Product Type
7 Market Breakup by Cable Type
9 Market Breakup by End Use
For more information about this report visit https://www.researchandmarkets.com/r/sakj2w
View source version on businesswire.com: https://www.businesswire.com/news/home/20220401005266/en/
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