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Demand Increase from ICT Sector is Key Driver for Telecom Market

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Demand Increase from ICT Sector is Key Driver for Telecom Market

August 14, 2014

  By Meenakshi Shankar, TMCnet Contributor

An online market research library recently announced the availability of a new research report on the Global Telecom Cable Digital Signals Market.

Analysts have forecast the Global Telecom Cable market to grow at a CAGR of 7.01 percent over the period 2013-2018. According to the report, Global Telecom Cable Market 2014-2018, the increase in demand from the Information and Communications Technology (ICT) sector to provide hardware connectivity among peripheral network systems is one of the main drivers.

The report is based on an in-depth market analysis with inputs from industry experts. It covers the Americas and the EMEA and APAC regions, as well as the Global Telecom Cable market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The report is segmented into Metallic Telecom Cable and Fiber Optic Telecom Cable, the major types of telecom cable currently available. The report also provides insights on key players in the Global Telecom Cable Market which include General Cable Corp, Nexans SA and Prysmian SpA. Other prominent vendors listed in the report are Furukawa Electric Co. Ltd, Hitachi Cable Ltd, LS Cable System Ltd, Sumitomo Electric (News - Alert) Industries Ltd. and Walsin Lihwa Corp.

The increase in the number of mergers and acquisitions is cited as one of the trends affecting this market. Major global vendors are adopting this strategy to strengthen their foothold and consolidate their market position. The Bring Your Own Device is a concept that has been allowing employees to communicate through their smartphones and tablets with ease. This has increased the demand for Wireless Local Area Network (WLAN) infrastructure. The report states that the high demand for WLAN is a key challenge for the telecom cable digital signal market.

Edited by Rory J. Thompson
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