The Asia Pacific Cross-Connect System Market would witness market growth of 10.4% CAGR during the forecast period (2023-2030).
Technology advancements now make it possible to store enormous amounts of data as well as move it swiftly from one place to another. The creation of a dependable environment by data center providers allows clients to store the servers in a safeguarded location with enough power, cooling, and storage to handle any IT infrastructure. Additionally, colocation providers have enhanced their offerings throughout time, and by incorporating new technologies, they were able to provide the most dependable and scalable environment. Cross-connectivity can now be used by customers to enhance data transfer, encrypt sensitive data, and establish dependable network connectivity, all of which will help them enhance their services and goods.
The number of mobile devices and the rise of consumer demand for high-speed connectivity have forced telecom companies to constantly extend their networks. For effective data transfer and network scalability, cross-connect systems are crucial for linking various network components, including routers, switches, and base stations. Cross-connect solutions are more in demand as telecommunications networks get bigger.
The increasing adoption of 5G throughout the region increases the demand for cross-connect systems. For example, according to the International Trade Administration (ITA), in the Philippines, there will be 10.8 million broadband subscribers and 159 million mobile subscribers by 2025. The 5G rollout will be led by established players Globe and PLDT-Smart, which have a combined 3,669 5G sites nationwide. The three big telco providers will invest $15 billion in capital projects to roll out their services over the following three years. The new broadband providers start projects for satellite connectivity, 5G, and mobile service infrastructure. Hence, the region presents lucrative growth prospects for market growth.
The China market dominated the Asia Pacific Cross-Connect System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $421.1 million by 2030. The Japan market is estimated to grow at CAGR of 9.7% during (2023 - 2030). Additionally, The India market would register a CAGR of 11.1% during (2023 - 2030).
Based on Type, the market is segmented into Fiber, CAT Cables, COAX, and Others. Based on Application, the market is segmented into Connectivity, and Protection Switching & Network Restoration. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cross-Connect System Market is Projected to reach USD 5.4 Billion by 2030, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, CommScope Holding Company, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Equinix, Inc., ZTE Corporation, Cyxtera Technologies, Inc. (BC Partners and Medina Capital), TELESCENT, Inc., CoreSite (American Tower Corporation), Sercalo Microtechnology Ltd., Optiwave Systems, Inc.
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