PUBLISHER: Inkwood Research | PRODUCT CODE: 1486508
PUBLISHER: Inkwood Research | PRODUCT CODE: 1486508
The North America patch cable market is predicted to grow at a CAGR of 7.66% during the forecast period, 2024-2032. Technological advancements, the growing demand for a reliable and secure mode of transmission, and the increased adoption of fiber-optic cables are accredited to the region's market growth.
The United States and Canada are assessed for the North America patch cable market growth analysis. In Canada, both consumers and the government have been exploring alternatives to the traditional cable distribution model, resulting in a contraction in revenue and posing a threat to the long-standing health of the country's cable network industry. The emergence of internet-based streaming services such as Hulu and Netflix has notably weakened the industry's dominance in television programming, with significant local investments by these services further impacting its operations. In response, the industry has introduced its own mobile offerings and online content to partially shield its revenue.
Simultaneously, cable providers in Canada are expected to demand expanded programming options and fresher digital and high-definition (HD) channels from networks, all while striving to maintain subscriber interest and growth. With a growing array of entertainment choices available, consumers are less inclined to cancel their premium services and are instead opting to invest in additional network-channel packages and subscriptions, thus strengthening the industry's revenue streams. Consequently, these dynamics are forecasted to drive market growth in the region in the coming years.
Some of the key firms in the market are Corning Inc, CP Technologies, Comnen Technology Co Ltd, etc.