According to a new report, published by KBV research, The Global Cross-Connect System Market size is expected to reach $5.4 billion by 2030, rising at a market growth of 9.9% CAGR during the forecast period.
The Fiber segment is leading the Global Cross-Connect System Market by Type in 2022; thereby, achieving a market value of $2.2 billion by 2030. The creation of optical links, mostly used for communication but also in sensing and measurement equipment, is made possible by connecting cables using fiber connectors. To carry data signals at higher rates, fibers—components with a very tiny diameter and improved accuracy—are needed. High levels of flexibility are offered for managing and reconfiguring network connections using fiber cross-connects.
The Protection Switching & Network Restoration segment is showcasing a CAGR of 13.6% during (2023 - 2030). Rapid network fault or failure detection and rapid traffic rerouting to alternative pathways are capabilities of cross-connect systems with protection switching. This aids in reducing service interruptions and guaranteeing ongoing network accessibility. Protection switching improves fault resilience and decreases downtime by offering failover and redundancy solutions. Cross-connect systems equipped with network restoration software can quickly restore services in the case of a network failure or connection outage.
The North America region dominated the Global Cross-Connect System Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.0 billion by 2030. The Europe region is poised to grow at a CAGR of 9.4% during (2023 - 2030). Additionally, The Asia Pacific region would experience a CAGR of 10.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/cross-connect-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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