PORTLAND, Oregon, August 28, 2018 /PRNewswire/ --
According to a recent report published by Allied Market Research, titled, Global Ethernet Cable Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global ethernet cable market was valued at $6,566.1 million in 2017, and is projected to reach $19,091.8 million by 2025, growing at a CAGR of 14.1% from 2018 to 2025.
Presently, Asia-Pacific dominates the Ethernet cable market. In 2017, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall Ethernet cable market in Europe in 2017. In the same year, the U.S. dominated the North American market.
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In 2017, based on type, the copper cable type was the dominant segment, in terms of revenue. However, by application, industries segment led the global market in the same year.
The key factors that drive the growth of the global Ethernet cable market include the benefits such as high speed, lower latency, and guaranteed bandwidth to every connected device along with reliability and higher security for data as compared with other networking technologies. However, high installation cost and limited availability act as the major restraints of the market. Conversely, technological advancements in the Ethernet cables sector to increase the internet speed and rise in demand for power over Ethernet (PoE) technology in industries are expected to provide potential growth opportunities for the market.
In 2017, the copper cable segment dominated the global ethernet cable market, in terms of revenue. However, the fiber optic cable segment is expected to grow at a highest CAGR during the forecast period. Furthermore, based on application, industries led the global market in 2017, followed by enterprise.
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Key Findings of the Ethernet Cable Market:
- On the basis of type, the copper cable led the Ethernet cable market in 2017.
- The industries segment dominated the global Ethernet cable market in 2017.
- The Asia-Pacific region held the majority of market share in 2017.
- North America is anticipated to exhibit the highest CAGR during the forecast period.
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SOURCE Allied Market Research