The new report recognizes the following companies as the key players in the Global Telecom Cable Market: General Cable Corp., Nexans SA and Prysmian SpA.
Other prominent vendors in the market are: Furukawa Electric Co. Ltd., Hitachi Cable Ltd., LS Cable System Ltd., Sumitomo Electric Industries Ltd. and Walsin Lihwa Corp.
Commenting on the report, an analyst from the report's team said: “The increase in the number of mergers and acquisitions is one of the trends. Major global vendors are adopting this strategy to strengthen their foothold and consolidate their market position.”
According to the report, 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. Telecom cables provide enhanced bandwidth and fast data transmission, which are the key parameters for a better communication network.
Further, the report states that the high demand for Wireless Local Area Network (WLAN) is one of the main challenges in this market. The Bring Your Own Device (BYOD) phenomenon enables employees to communicate through their smartphones and tablets with ease, which increases the demand for WLAN infrastructure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.