Amid COVID-19 crisis, the global structured cabling market estimated at US $ 9.2 billion in 2020 is projected to reach a revised size of US $ 14.3 billion by 2027, growing at a compound annual rate of 6.4% during the analysis period 2020-2027.
In February 2019, Google announced plans to invest $ 13 billion to build four new data center facilities. On the other hand, Facebook, Amazon and several global telecommunications companies joined forces to lay an undersea internet cable between the US and Asia. The cable is expected to extend approximately 8,700 miles below the Pacific Ocean.

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