Microduct Cable Market to be Valued USD2130.57 Million by 2027
Development of ultra-fast broadband network and growing adoption of emerging technologies such as 5G to boost the global microduct cable market through 2027 According to TechSci Research report, “ Microduct Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ” , the global microduct cable market was valued at USD992.15 million in 2021 and is expected to grow at a CAGR of 14.18% to reach USD2,130.57 million by 2027. Factors such as the high demand from the construction and electronic industries requiring safe and cost-effective ducting solutions and rapid advancements in cloud computing and communication networks are driving the demand for the global microduct cable market. The other prominent factors that are expected to boost the market growth are the rise in the number of data centers in developing countries and the development of the ultra-fast broadband network. However, the unavailability of required technicians and inc...