The global Ethernet cables market is anticipated to reach USD 1.42 billion by 2024. Growing consumer demand for high-speed internet connectivity and data center installations activities are the key factors which are expected to boost the market over the forecast period. Furthermore, increasing growth of IT sector is expected to fuel the demand for Ethernet cables on the global level.
Companies are heavily investing in R&D to boost up their manufacturing capacity of the Ethernet cables. For instance, in 2008, General Cable Corp. acquired Isotec Inc. and its affiliate, Gepco, for approximately USD 46 million to boost cabling products for the broadcast and entertainment industries. Power over Ethernet was a new concept which is capable of powering remote device and eliminating separate power cable along with high-efficiency network transfer.
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