NORTH AMERICA PATCH CABLE MARKET 2022-2028

NORTH AMERICA PATCH CABLE MARKET 2022-2028

MARKET OUTLOOK
According to Triton, North America’s patch cable market is likely to depict a CAGR of 5.19% in the estimated duration from 2022 to 2028. The United States and Canada together constitute the market in this region.
Cloud providers have been witnessing rapid growth in Canada over the past couple of years, which has created immense opportunities for data center providers in the country. Most cloud-based companies and hyper-scale providers are now setting up their IT infrastructure in the Canadian data center market.
More than 70% of IT firms in the nation have adopted cloud services, which has helped them significantly reduce their IT cost. Overall, the Canadian cloud computing market is anticipated to grow strongly over the forecast period. The emergence of cloud technology in data centers is one of the primary factors fueling the demand for data center systems & technology, which is stimulating the demand for patch cables.
Canada has strong connectivity with the United States and also invests in connecting itself with European and Asian countries. A project to construct a new submarine cable of 59 km between the US and Canada began in October 2019. Also, consumers in Canada are continuing to use more data, subscribing to faster & larger packages, and allocating more money to Internet services. This has offered a massive opportunity to patch cable vendors to expand in the country over the years to come.

COMPETITIVE OUTLOOK
The players competing in this market include Major Custom Cable, Otscable, FScom, Commscope, Schneider Electric, Legrand LLC, Quabbin Wire & Cable Co Inc, and CP Technologies.