International market research firm Research And Markets recently released an Ethernet cable report that by 2025, the global Ethernet cable market demand will reach $19,091.8 million, and the compound annual growth rate will reach 14.1% during 2018-2025.
Key factors driving the growth of the global Ethernet cable market compared to other network technologies include high speed, low latency, and bandwidth guarantee for each connected device, as well as data reliability and higher security.
However, high installation costs and limited availability are major constraints in the market. Conversely, technological advances in the field of Ethernet cables to increase Internet speed and industry demand for Power over Ethernet (PoE) technology are expected to provide potential growth opportunities for the market.
In 2017, the global Ethernet cable market demand was approximately $6.5661 billion. In terms of revenue, the copper sector dominates the global Ethernet cable market. Based on the application field, industry leads the global market in 2017, followed by companies. However, during the forecast period, the Optical cable division is expected to grow at the highest compound annual growth rate.
Post time: Oct-05-2018