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Ethernet cable is one of the most prevalent types of network cable used in wired networks. It is used in local area networks (LANs) and metropolitan area networks (MANs). It connects and transmits broadband signals between a modem, router, computer, and other wired internet-enabled devices. This technology is used in more than 80% of LAN-connected PCs and workstations, as it is a reliable solution for providing real-time data and status updates to ensure constant information availability and instant data transfer. These cables are widely used across various industries for fast and secured data transfer.
The world Ethernet cable market is driven by its benefits such as high speed, lower latency, and guaranteed bandwidth to every connected device, reliability, and higher security for data as compared with other networking technologies. However, high installation cost and limited physical availability impede the market growth. Technological advancements in the Ethernet cables sector to increase the internet speed and rise in demand for Power over Ethernet (PoE) in industries are expected to provide huge growth opportunities for the market.
The market is segmented based on type, application, and geography. Based on type, the market is bifurcated into copper and fiber-optic cables. On the basis of application, it is classified into industrial, broadcast, enterprise, IT & network security, and others segments (residential & defense). Based on geography, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major companies operating in this market include Belden Inc., General Cable Technologies Corporation, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Hitachi, Ltd., and Prysmian Group.
POTENTIAL BENEFITS FOR STAKEHOLDERS
The world Ethernet cable market is segmented based on type, application, and geography.
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