ASIA-PACIFIC PATCH CABLE MARKET 2022-2028
MARKET OUTLOOK
Research by Triton indicates the patch cable market in the Asia-Pacific to develop with a CAGR of 8.16% over the forecasting years 2022-2028. India, Japan, China, Australia & New Zealand, South Korea, ASEAN countries, and Rest of Asia-Pacific together form the market in this region.
India’s economy is projected to show growth, as a large number of networking companies are planning to build their infrastructure in the country. Several initiatives by the national government, like Digital India and Make in India, have encouraged companies to step into this market. These programs have generated a huge amount of data, which is expected to foster the domestic optical fiber cables market.
Additionally, the demand for optical fibers is also on the rise due to the increasing demand from numerous sectors, like BFSI, IT & Telecom, manufacturing, public sectors, and others.
The growing demand for OFC from various sectors, coupled with the rising adoption of mobile devices, increased adoption of FTTH connectivity, and a surge in the number of data centers, is anticipated to fuel the optical fiber cables market growth over the coming years. Moreover, several e-governance initiatives by the central and state governments are propelling the demand for high-speed connectivity and seamless networking. All these factors are aiding the development of the patch cable market in India.
COMPETITIVE OUTLOOK
Some of the companies operating in this market include Black Box Corporation, Schneider Electric, Legrand LLC, FScom, Panduit Corp, Cable Master, Prysmian Group, and Major Custom Cable.
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