Report : Middle East and Africa High Speed Cable Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Direct Attach Copper (DAC) Cable, PCIe Cable, SAS Cable, Active Electrical Cable (AEC), Active Copper Cable (ACC), and Active Optical Cable (AOC)), Application (Switch to Switch, Switch to Server, and Server to Storage)
Active Optical Cable (AOC)Segment has the Largest Share of Type in the Middle East & Africa High Speed Cable Market during 2021–2028
According to our latest study on “Middle East & Africa High Speed Cable Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 1,018.9 million by 2028 from US$ 743.0 million in 2021; it is expected to grow at a CAGR of 4.6% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing deployment of data centers and elevating number of internet connections. However, susceptibility to physical damage limits the growth of the market.
The MEA high speed cable market is negatively impacted by the disruption in the supply chain of electronics and related component. The demand for high speed cable has weakened marginally since the eruption of COVID-19 in MEA countries as the region witness declined in GDP. This has led in a loss of revenue among the high speed cable manufacturers and distributors offering their products in the region in 2020. However, as the region showcased positive trend for adoption of digital technologies owing to containment measures imposed by government, the region started to witness growth in internet connections which augmented the demand for high speed cables from the Q4 of 2020.
Based on type, the Middle East & Africa high speed cable market is bifurcated into direct attach copper (DAC) cable, PCIe cable, SAS cable, active electrical cable (AEC), active copper cable (ACC), and active optical cable (AOC). In 2021, the adoption of internet services has increased in Middle East & Africa as a majority of the population is working from home during the COVID-19 pandemic. A consequent surge in demand for home networking devices, fiber optic connections, and computers, among others, is creating lucrative opportunities for the growth of the high speed cable market players. Further, with the emerging need for data storage, the number of data centers is escalating. The transfer of data on cloud servers requires connectivity solutions of higher speed, which fuels the adoption of high speed cables.
Amphenol ICC, Carlisle Interconnect Technologies, LEONI AG, Samtec, Shenzhen Sopto Technology Co., Ltd., and TE Connectivity are among the leading companies in the Middle East & Africa high speed cable market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for high speed cable market is segmented into type, and application. Based on type, the Middle East & Africa high speed cable market is segmented into direct attach copper (DAC) cable, PCIe cable, SAS cable, active electrical cable (AEC), active copper cable (ACC), and active optical cable (AOC). Based on application, the high speed cable market is segmented into switch to switch, switch to server, and server to storage. Geographically, the high speed cable market is segmented into Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa).
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