Cross-Connect System Market is Estimated to Reach $7.1 Billion by 2031, Growing at a CAGR of 11.1%

Allied Market Research published a report on Cross-Connect System Market by Type, Application: Global Opportunity Analysis And Industry Forecast, 2022-2031. The cross-connect system market was valued at $2.5 billion in 2021, and is estimated to reach $7.1 billion by 2031, growing at a CAGR of 11.1% from 2022 to 2031.

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Cross connect network is also highly beneficial in middle-of-row or end-of-row scenarios where access switches located at the end or middle of a row of servers connect to all of the servers in that row. In this scenario, the cross connect is often located in the network cabinet and connects to interconnect patch panels in each of the server cabinets, creating three-connector channels as shown.

This scenario makes it easy to add a server to a cabinet and simply bring it online by connecting it to that cabinet's interconnect patch panel. These factors play a vital role in the cross-connect system market growth.

According to cross connect system market analysis, the connectivity segment was the highest contributor to the cross-connect system market size in 2021. The fiber and CAT cable segments collectively accounted for around 70.04% cross-connect system market share in 2021.

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There are many reasons why cross connects are important. Unlike the public internet, cross connects are not susceptible to latency or congestion issues. They are more reliable and operate at consistently high speeds. Cross connects are also less expensive when compared with connecting through conventional telecom networks for the bandwidth provided.

Competitive Analysis:

The company profile section of the cross-connect system market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.

Some of the major key players of the global cross-connect system market include,

• Huawei Technologies Co., Ltd.
• Optiwave Systems Inc.
• Fujitsu Ltd.
• Sercalo Microtechnology Ltd.
• Xros Inc.
• ZTE Corporation
• CommScope
• Equinix, Inc.
• CoreSite
• Cyxtera Technologies Inc

Surge in need for fast and improved networking and network services and increase in penetration of data centers in developing economies are anticipated to majorly drive the growth of the global cross connect system market. Such factors are expected to provide positive growth to the segment during the forecast period.

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The demand for high bandwidth optical fiber for communication and data services has surged significantly owing to increase in adoption of technology in this region, which fuels the growth of the market.

Key Findings of the Study

• By type, the market is fragmented into fiber, CAT cables, COAX, and others. The fiber segment was the highest revenue contributor to the market and is estimated to grow at a CAGR of 8.79%.

• On the basis of application, the market is segregated into connectivity and protection switching & network restoration. The connectivity segment dominated the market in 2021, accounting for 90.3% market share.

• According to cross-connect system market trends, region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2021.

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