LAN Cable Market: Projected For Healthy Growth Rate During The Forecast Period 2020 - 2030
LAN Cable : Introduction A local area network (LAN) cable is a hardware device that connects peripheral devices such as laptops and computers with routers, modems, and switches. LAN cables are used to transfer data from one device to another in the local area network. Ethernet is the most common computer network technology used for local area networks (LAN) and is standardized as IEEE 802.3. The various types of LAN cable available in the market includes CAT 6 cable, CAT 6A cable, CAT 7 cable, CAT 5E cable, CAT 5 cable, and others, and these are used in commercial, residential, and industrial applications. LAN cables offer benefits such as high speed, lower latency, and guaranteed bandwidth. Rise in Demand for Commercial Applications The commercial segment is the fastest growing segment of the global LAN cable market. The rising count of IT & other offices, buildings, malls, and healthcare and retail sector i.e. digitalization of commercial buildings across the world that use...