Global Reels and Spools Market in Textile, Telecommunication, and Cable TV Industries 2019-2023 | 7% CAGR Projection Through 2023 | Technavio

Technavio has announced its latest market research report titled global reels and spools market in textile, telecommunication, and cable TV industries 2019-2023. (Graphic: Business Wire)

LONDON--()--The global reels and spools market in textile, telecommunication, and cable TV industries is expected to post a CAGR of around 7% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Growth in data volumes generated across various industries has significantly increased the adoption of data centers across the world. In addition, factors such as high penetration of the internet and the expansive growth of digital media has fueled the growth of the global data center market. Reels are extensively used in data centers to wind the optical fiber cables used in the day-to-day operations. By 2022, the global data center market is expected to grow nearly USD 250 billion. This will have a positive impact on the growth of the global reels and spools market during the forecast period.

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As per Technavio, the expansion of 5G networks will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Reels and Spools Market in Textile, Telecommunication, and Cable TV Industries: Expansion of 5G Networks

Telecommunication industries are exploring the feasibility and compatibility of 5G network technology. A few established telecommunication companies have already introduced 5G services in the market. Such developments in 5G technology is expected to accelerate the demand for cables in the telecommunications industry. This will have a positive impact on the growth of the global reels and spools market during the forecast period.

“Recycling services for reels and spools and the growth in the global RF coaxial cables market will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Reels and Spools Market in Textile, Telecommunication, and Cable TV Industries: Segmentation Analysis

This market report segments the global reels and spools market in textile, telecommunication, and cable tv industries by product (reels and spools) and geography (Americas, APAC, and EMEA).

The Americas region led the market in 2018, followed by EMEA and APAC respectively. During the forecast period, the Americas region is expected to maintain its dominance over the market. This is due to the growth in the number of data centers in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/

Release Summary

The global reels and spools market in textile, telecommunication, and cable TV industries is expected to post a CAGR of around 7%.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/