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World Cables & Connectors Market: Opportunities and Forecast, 2014-2022LONDON, Oct. 11, 2016 /PRNewswire/ -- A new report published by Allied Market Research titled, "Cables and Connectors Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", projects that thecables and connectors market is likely to garner revenue of $125.3 billion by 2022, with a CAGR of 11.1% from 2016 to 2022. In the year 2015, Asia-Pacific dominated the cable and connectors market owing to the huge investment in infrastructure, energy, and technology development. Moreover, Asia-Pacific is expected to exhibit the highest growth over the forecast period. Among the different industry verticals, commercial industry which includes sectors such as IT & telecom, electronics, and healthcare industries consumes a major share of this market. This segment contributed around 38% of total revenue in 2015 and is expected to dominate the market throughout the forecast period at a CAGR 10.6%. The market is driven by the growth of IT and increased dependence of businesses and institutions on high-performing transmission systems. With the increasing penetration of technologies such as cloud and Internet of Things (IoT), the demand for reliable, high performance and secure data connectivity and transmission has increased. From a growth perspective, oil & gas vertical is expected to grow at the highest CAGR during the forecast period. Theoil & gas industry is a sensitive market and decreasing oil and gas reserves have propelled the demand for oil & gas exploration in newer geographies. Asia-Pacific is the largest and fastest growing region and is expected to maintain its dominance throughout the forecast period. Asia-Pacific region is emerging with opportunism for the cables and connectors market on account of huge investments in infrastructure development in countries like India and China, focus on energy management and strengthening technological advancements. The region is expected to grow at a CAGR 13.0% during the forecast period. North America ranked second in terms of market share, accounting for around 28.0% of the global market revenue of cables & connectors in 2015. The commercial industry comprising IT & telecom, electronics, and healthcare industries, is growing rapidly and consumes a major share of this market. With the increasing penetration of technologies such as cloud and Internet of Things (IoT), the demand for reliable, high performance and secure data connectivity and transmission has increased in Asian countries, such as, China, Japan, Singapore, and India, who were the prominent revenue contributors in 2015. These countries are likely to dominate the market during the analysis period due to cheap labor, low manufacturing cost, and large population, states Bhawna Kohli, Manager Research at AMR. Asia-Pacific is anticipated to dominate the globalcables and connectors market during forecast period as governments of emerging markets are taking initiatives towards connectivity within countries; and due to rising demand for high speed cables and connectors in various end user industries. LAMEA is also projected to be one of lucrative markets, exhibiting the second highest CAGR after Asia-Pacific. In this region, external cables and connectors segment accounted for around 70% of total market revenue in 2015. The Middle East region generated the highest revenue in LAMEA cables and connectors market in 2015; and is expected to dominate the market throughout the analysis period. Key Findings of Cables and Connectors Market: Commercial industry vertical which includes sub segments such as IT, telecom & networking, healthcare, business/office and electronics, is estimated to consume major market over the analysis period. In 2015, external cables and connectors segment led the overall cables and connectors market revenue, and is projected to grow at a CAGR 10.4% during the forecast period. CAT5/CAT6 cables segment is expected to consume largest share of cables and connectors market due to evolving networking types and demands for high speed and safe connectivity. Asia-Pacific would lead the market, accounting for over 40% of the market revenue by 2022. The report outlines the competitive scenario of the globalcables & connectors market, providing a comprehensive study of the key strategies adopted by major companies. Key market players profiled in the report are Amphenol Corporation, Molex Inc., Fujitsu Ltd., TE Connectivity Limited, Prysmian S.P.A., 3M Company, Nexans, Huawei Technologies Co. Ltd., Alcatel-Lucent (Nokia Corporation), and Axon Cable S.A.S. Download the full report: https://www.reportbuyer.com/product/4143749/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/world-cables--connectors-market-opportunities-and-forecast-2014-2022-300343164.html SOURCE ReportBuyer 
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