MIDDLE EAST AND AFRICA PATCH CABLE MARKET 2022-2028
MARKET OUTLOOK
According to Triton’s report, the patch cable market in the Middle East and Africa is estimated to rise with a CAGR of 7.71% during the forecast period between 2022 and 2028. Saudi Arabia, the United Arab Emirates, South Africa, Turkey, and Rest of Middle East & Africa together comprise the market in this region.
The ICT sector in South Africa has rapidly expanded in the past couple of years. The government is increasingly working towards providing support for the nationwide deployment of internet services with the help of the National Broadband Plan. Also, the rising demand for data and the surging e-commerce & mobile payment services are expected to further underpin the ICT sector’s development. At the same time, telecom operators are being prompted to invest large sums in new fiber optics and development of next-generation infrastructure, as consumers are increasingly opting for data services.
Several operators are thus acquiring companies that already hold significant internet infrastructure. South Africa holds an estimated 180,000 km of fiber optic cable, and the majority of it is owned by Telkom. The telecom sector in South Africa boasts of having one of the most developed infrastructures in the entire continent. There has been made possible with substantial investments from Telkom, Broadband InfraCo, and Liquid Telecom South Africa, and also from mobile network operators, all aimed to improve network capabilities. All these factors are boosting the studied market’s growth.
COMPETITIVE OUTLOOK
The eminent companies operating in this market include Major Custom Cable, CP Technologies, Quabbin Wire & Cable Co Inc, Black Box Corporation, Otscable, Commscope, Prysmian Group, and FScom.
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