The Europe patch cable market is anticipated to register a CAGR of 6.87%, over the forecast period of 2019 to 2028. Factors like, the rising need for high bandwidth optical fiber for communication and data services, the increasing demand for high-speed data facilities, and the surging technology adoption, are accredited to the market growth.
The Europe patch cable market growth is assessed by analyzing the United Kingdom, Russia, Germany, Belgium, Italy, Poland, France, and the rest of Europe. Russia harbors numerous data center clusters across the country, offering a wide range of colocation opportunities. The predominant colocation data center markets in Russia include, St. Petersburg, Dubrovka, and Moscow. The country has 137 data centers, with the majority of these facilities situated in and around Moscow. Besides, large carrier neutral Russian data centers are characterized by the state of the art equipment, and rich ecosystems, ensuring maximum connectivity to more than 237 service providers. However, despite Russia’s massive size, the country experiences the shortage of submarine cables, and primarily relies on its terrestrial network, instead.
On the other hand, in February 2019, IXcellerate and Rostelecom, a major commercial data center operator in Russia, proposed to invest nearly $260, in Russian data centers. Aligning with this plan, enterprises will operate the current Moscow One Data Center, and launch IXcellerate’s second data center in the country’s capital. This facility would by certified as Tier 3, and big enough to host more than 1,480 high load tracks, accounting for a total of 12MW. Hence, these factors are anticipated to drive the region’s market growth, over the forecast years.
Schneider Electric, Fiberstore, Major Custom Cable, Quabbin Wire & Cable Co Inc, Cable Master, etc., are among the distinguished companies operating in the market.
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- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
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