LONDON--(BUSINESS WIRE)--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.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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