The telecom and data cable market were estimated to be worth USD 73.7 billion globally in 2022, and a compound annual growth rate (CAGR) of 7.2% is anticipated over the course of the forecast period. The industry is expanding due to rising subscriber-based internet connectivity demand and rising telecom infrastructure investment. The telecom and data businesses are expanding as a result of rising demand for high-speed internet.

The rising demand for high-speed internet is the main factor propelling the expansion of the telecom and data cable sectors. The telecom and data cable industries are expanding due to the expansion of 5G networks and the ongoing expansion of the telecommunications sector. The increasing need for dependable and effective cable infrastructure is a result of both technological advancements and the expanding use of smart devices.

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Growth Drivers

The market is expanding rapidly due to the 5G network's rapid development, rising demand for high-speed internet, rising data traffic, technological advancements, and the widespread use of smart devices. The demand for strong telecom infrastructure was further driven by the growth of digital communication and distant work during and after the COVID-19 epidemic.

Strong telecom and data cable infrastructure is becoming more and more necessary as a result of remote work cultures and IOT adoption. Nowadays, many enterprises require high-speed internet. It adds to the growing demand for reliable data cable and communication infrastructure. The most sought-after cable is fiber optic cable because of its low latency and large bandwidth. The market is changing significantly as a result of the Internet revolution.

Segmentation

Type

·         Internal Telecom and Data Cable

·         External Telecom and Data Cable

·         Fiber Optic Telecom Cable

·         Coaxial Cable

·         Twisted Cable

·         Data Center Cable

Application

·         Telecommunications

·         Data Centers

·         Computer Network

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Huawei Technologies company limited

·         Prysmian Group

·         Corning Incorporated

·         Nexans S.A.

·         CommScope Holding Company

·         Sumitomo Electric Industries

·         Belden INC

·         Coats Group Plc

·         CommScope Inc

·         Fujikura Ltd

·         Hitachi Cable

·         Securi Flex Limited

·         Other Players

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