The Latin America, Middle East and Africa Cross-Connect System Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030).
Data centers are becoming increasingly necessary; thus, maintaining their functionality is crucial. Data center demand comes from the telecom sector, which offers cloud, mobile, and content services. Recent technical advancements have caused numerous upheavals in the telecom industry. Current important telecom trends are anticipated to have an effect on almost all enterprises that use communication networks, as well as telecom companies, in the short and long term. These elements are therefore expected to support the demand for data center building.
Moreover, telecommunication has been one of the key drivers of development and value creation since the inception of the Internet. Numerous nations have expedited their investments in and development of ICT sectors to meet the connectivity and computing demands. The increasing demand for machine learning (ML) is also expected to greatly impact the demand for data centers in the coming years. It is unknown how quickly data centers' overall ML-related energy demand is expanding, even while the amount of computational power required to train the biggest ML models is growing quickly.
The Latin America market is anticipated to be driven by the swift digital transformation activities across data-driven enterprises as well as private & public sector SMEs in Brazil. The ITA reported that according to a survey produced by the Brazilian Software Association (ABES), the IT sector in Brazil was estimated to be worth $46.2 billion and is projected to expand by 8.2% in 2022. Brazil covers 40% of Latin America and is ranked 10th worldwide for IT. Thus, all these elements are anticipated to give this market a huge boost.
The Brazil market dominated the LAMEA Cross-Connect System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $93.4 million by 2030. The Argentina market is estimated to witness a CAGR of 13.7% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 12.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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