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Global USB Hub Market Set to Thrive in a Post-COVID World—Projected to Grow at a CAGR of 7.6% by 2027
Source: | Author:sipolar | Published time: 2022-07-30 | 40 Views | Share:

The growth of the IT industry and booming e-sports industry across the globe are the key drivers for the growth of the global USB Hub market. Utilizing a USB hub is the best way to access multiple connected devices simultaneously.

 

A recent study by the strategic consulting and market research firm BlueWeave Consulting revealed that the Global USB Hub market was worth USD 596.7 Million in 2020. According to the study, the market will grow at a CAGR of 7.6% during the forecast period (2021-2027) to reach a value of USD 977.0 Million by 2027. Growth in the IT industry has been one of the major drivers of the USB hub market worldwide. USB hubs allow multiple devices to be connected simultaneously and are thus in growing demand in the IT sector, residential sectors, the gaming industry, and other industries. The global IT industry is experiencing growth due to emerging technologies such as Big Data, Machine Learning, AI, and Blockchain. With the adoption of 5G, Industry 4.0, and IoT, the USB Hub market is predicted to grow even more in the coming years.