EUROPE PATCH CABLE MARKET 2022-2028

EUROPE PATCH CABLE MARKET 2022-2028

MARKET OUTLOOK
Triton’s report has determined Europe’s patch cable market to proliferate with a CAGR of 6.86% in the forecasting years from 2022 to 2028. Italy, Russia, France, Germany, Spain, the United Kingdom, and Rest of Europe form the market in this region.
Russia houses numerous data center clusters that provide plenty of colocation opportunities. Moscow, Dubrovka, and St Petersburg are some of the prime colocation data center markets in the country. There are nearly 119 data centers in Russia, with the majority of colocation facilities being located in and around Moscow. These data centers feature state-of-the-art equipment and rich ecosystems, thus ensuring maximum uptime and connectivity to more than 214 service providers.
In February 2019, IXcellerate, a leading commercial data center operator in the country, and Rostelecom, Russia’s largest digital services provider, invested $260 for developing a data center. Such investments help drive the growth of the optical fiber market, in turn fostering the growth of the patch cable market in the country.
Spain has a wide fiber optic network, which is largely dominated by three major operators. It is the fastest country in the region to have developed an FTTH network. Also, the telecom market in the country is one of the largest in Europe, which is supported by a vast population of more than 46 million people. As of 2016, nearly 63% of Spanish households had access to ultra-fast broadband services.
The government and telecom regulators are keen on encouraging more fiber rollout in the country. The government has implemented plans to ensure that the entire nation has access to 300 mbps fiber broadband over the next few years. Such measures are promoting the adoption of patch cables, thereby fueling the studied market’s growth.

COMPETITIVE OUTLOOK
Some of the players contending in this market include Cable Master, Schneider Electric, FScom, Belden, Major Custom Cable, Otscable, Commscope, and Corning Incorporated.