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Cables and Connectors Market Expected to Reach $161.9 Billion by 2025 Increase in Demand for Higher Bandwidth and Rise in Need of Faster Transmission Are Expected to Drive the Growth of the Cables and Connector Market in Future. BriefingWire.com, 4/16/2021 - Cables and Connectors market is expected to reach $161.9 billion by 2025 at a CAGR of 10.3% during the forecast period 2020-2025. Increasing expenditure by the IT and telecom services to meet consumer demand drives the market growth. In addition, the growing number of fixed broadband connections over the years has enabled the growth of the market studied. According to ITU, the number of global fixed broadband subscriptions increased by 9% annually in the last five years. Moreover, growing number of data centers and increasing demand for higher bandwidth is the major driving factor behind the huge demand for cables and connectors worldwide in the forecast period 2020-2025.

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