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The "Patch Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global patch cable market size reached US$ 2.9 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 4.6 Billion by 2028, exhibiting a CAGR of 7.99% during 2022-2028.

Companies Mentioned

Patch cable, also known as patch cord, is used to connect a power supply to an end device for signal routing. It carries telephonic, audio, and video signals between non-networked devices, such as headphones and microphones. It is shorter than other conventional networking cables and widely available in numerous colors.

At present, a surge in need for data transfer and networking in all commercial activities is catalyzing the demand for patch cables across the globe.

The rising demand for a high-speed network in production facilities to evaluate real-time data, improve production processes and offer smooth as well as secure transmission of data represents one of the key factors driving the market.

Moreover, enhancement in cable technologies and usage of patch cables in transmitting power over ethernet (PoE) is propelling the growth of the market. In addition, there is an increase in the development of data centers to store, manage, and disseminate a huge amount of data.

This, along with the emergence of the 5G network, is positively influencing the market. It relies on patch cables to connect equipment within the domain of radio access network (RAN) and back to the core and routing network infrastructure.

Besides this, the increasing utilization of patch cables in residential and institutional spaces on account of their low latency and noise interference, easy installation, and reliability is contributing to the growth of the market. Apart from this, the growing penetration of fiber to the x (FTTx) is offering lucrative growth opportunities to the key players.

Furthermore, technological advancements in healthcare, telecommunication, and administrative sectors are stimulating the growth of the market.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global patch cable market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, cable type, application and end use.

Breakup by Product Type:

Breakup by Cable Type:

Breakup by Application:

Breakup by End Use:

Key Questions Answered in This Report:

For more information about this report visit https://www.researchandmarkets.com/r/uwl1md

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