Lucintel Forecasts the Global Cross-Connect System Market to Reach $5 Billion by 2030
Lucintel Forecasts the Global Cross-Connect System Market to Reach $5 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global cross-connect system market looks promising with opportunities in the connectivity and protection switching & network restoration markets. The global cross-connect system market is expected to reach an estimated $5 billion by 2030 from $3 billion in 2024 at a CAGR of 11% from 2024 to 2030. The major drivers for this market are increasing adoption of internet of things (IoT), growing number of data centers, and expanding infrastructure, and rising investments in optical fiber cable globally.
A more than 150-page report to understand trends, opportunity and forecast in global cross-connect system market to 2030 by type (fiber, cat cables, coax, and others), application (connectivity, protection switching and network), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that fiber is expected to remain the largest segment over the forecast period.
Within this market, connectivity will remain the largest segment.
North America is expected to remain the largest region over the forecast period due to increasing number of internet users, on-going technological advancements, and presence of leading IT service providers, such as Microsoft, Google, Amazon, and Facebook in the region.
Sercalo Microtechnology, Coresite, Commscope, Huawei Technologies, Optiwave Systems, Equinix, Fujitsu, Xros, Cyxtera Technologies, Zte Corporation are the major suppliers in the cross-connect system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056