GLOBAL PATCH CABLE MARKET 2022-2028
MARKET OUTLOOK
Triton Market Research predicts that the global patch cable market is likely to witness a CAGR of 7.11% in the forecast duration from 2022 to 2028.
The increase in the demand for high-speed connectivity devices & systems is the main driving factor of this market. In addition, the improved cable applications are also adding to the market’s growth. However, the negative impact of IoT technology and the high cost required for installing patch cables are factors impeding the market’s growth. On the positive side, technological advancements in optical communications and the emergence of 5G technology are creating growth opportunities. Besides, the growing number of data centers and the rise in cloud services are creating multiple avenues for growth.
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