LAN Cable Market expected to grow USD 9.60 billion with a CAGR of 4.8% by 2030- The increasing number of data Centers

LAN Cable Market Overview

The global LAN Cable Market was expected to grow by USD 9.60 billion with a CAGR of 4.8% by 2030 during the forecast period. The LAN cable was the hardware component of the network which was used in providing the communication over the local network by connecting the router to all the devices and then the router was connected to the local server. These types of copper cables connect the laptops or computers with modems, routers, and switches. LAN provides connectivity to smaller as well as bigger areas.

Based on the speed of the transfer, connectivity of the internet, and bandwidth; these types of cables are divided into various types categories, and end-user select any one of these according to their requirements. The major factor which was responsible for the growth of the global LAN cable market was the increase in the demand for the establishment of data centers and make their use on a very large scale by the business and the organizations of the government. The expansion of the LAN cable market was enhanced by the increase in the demand for high-speed transferring of data. The LTE hampered the growth of the LAN cable Industry.

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The Cat 6 Cable was the fastest growing cable in the market. This cable was the twisted pair for Ethernet and other types of network physical layers which was compatible with the other backward categories of cables like 5 & 5E cables or Cat 3 cable standards. These types of cables are thicker, fast, and support high bandwidths as compared to the other cables. In the region of North America, the LAN cable market was dominating because of the increase in the demand for the fast transfer of data.

Report Scope:

In the region of North America, there was the presence of technically advanced infrastructures and setting large numbers of data centers for increasing employment which was responsible for the expansion of the market. The intended audience involved in the global LAN cable market are Manufacturers of LAN cables; Potential investors; Traders & distributors of the LAN cables; mechanics & repair technicians; and households, coaching institutes, data centers, and business enterprises.

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Market Segmentation

The global LAN cable market was segmented based on type and application.

Based on type, the global LAN cable market was divided into Cat 6 Cable, Cat 5 E Cable, Cat 6 A Cable, Cat 5 Cable, and Cat 7 Cable.

Based on application, the global LAN cable market was divided into home use, office use, and industrial use.

Regional Classification

The global LAN cable market was spread in the following regions – South America, North America, Europe, Asia-Pacific, Middle East & Africa.

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Industry News

The key players involved in the global LAN cable market are Hitachi Ltd. (Japan), Black Box Corporation (US), Nexans Sa (France), Fiberstore (Fs. Com Inc.) (US), Dba Primus Cable (US), Otscable.Com Co Ltd. (China), Huzhou Shumai Cable Co. Ltd. (China), Infinite Electronics International Inc. (US), Leoni Ag (Germany), Belden Inc. (US), General Cable Technology Corporation (US) and Prysmian Group (Italy).

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