Market Highlights
The Data Center Structured Cabling Industry size is predicted to touch USD 2.97 billion at an 11.4% CAGR during the forecast period (2020- 2027), states the latest Market Research Future’s (MRFR) data center structured cabling market forecast report.
Data Center Structured Cabling Industry Driver/Data Center Structured Cabling Industry Trends
Need for Speedy Connectivity Systems to Spur Market Growth
The constant requirement for high-speed networks for commercial, industrial, and residential apps will spur the market growth over the forecast period. The need for information which is real-time requires faster and constant transmission of data. Also the trends of structured cabling like IP-based security systems, IP videoconferencing, VoIP, and IP are increasing the need for video signal convergence, data, and voice that is adding to the global data center structured cabling market share.
Opportunities
Requirement for Data Centers that is Energy-Efficient to offer Robust Opportunities
The emphasis to make energy-efficient data centers which can save the expenses of business will offer robust opportunities for this market in the forecast period.
Restraints
Compatibility Problems to act as Market Restraint
The lower compatibility of structured cables with ancient communication infrastructure may act as market restraint in the forecast period.
Challenges
Soaring Price to act as Market Challenge
The soaring price of maintenance and installation of fiber optic cables may impede the market growth over the forecast period.
COVID-19 Analysis
The data center structured cabling has faced the brunt of the COVID-19 outbreak. Data centers are having huge surges during the crisis which are highly supported by the growing need for e-learning, remote working, binge television watching, and other activities. The IT and telecommunication has witnessed positive growth among all verticals. Other verticals like construction, automotive, and manufacturing have been affected severely for the lockdown imposed by the government, thus decreasing the need for structured cables. It is owing to the fall in the sales of cable products and the disruptions in supply chain. The significance of structured cables at the time of the pandemic cannot be underestimated as it is the lifetime among office and remote workers.
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Segmentation:
By wire category, the category 6 segment will dominate the market over the forecast period. It will touch USD 962.5 million by 2023. Such cables work on a wider frequency and also offer extra data simultaneously maintaining data integrity that is adding to the segmental growth.
By product type, the copper wire segment will lead the market over the forecast period. It will touch USD 2,356.9 million by 2023. Cables made of copper are used in medium to short distance data transmission and the metal shielding may heighten the defenses of such wires and protect these against electromagnetic interference which is adding market growth.
Regional Analysis
North America to Spearhead Data Center Structured Cabling Industry
North America will spearhead the market over the forecast period. It will touch USD 1,152 million by 2023. Growing penetration of IoT and its increasing adoption among regular enterprises and consumers, the adoption of cloud technology, apt infrastructure, strong presence of established players, high penetration of data centers, rising use of cloud-based services in the US, high penetration of digital services, early adoption of advanced technologies in government, residential, commercial, transportation, and logistics, rising adoption of fiber optic cables, technological proliferation, and high concentration of manufacturing industries and communications are adding to the global data center structured cabling market growth in the region.
Key Players
Eminent players profiled in the global Data Center Structured Cabling Industry report include TE Connectivity Ltd. (Switzerland), Nexans (France), Legrand S.A. (France), Teknon Corporation (U.S.), ABB Ltd. (Switzerland), Hitachi Cable America Inc. (U.S.), Schneider Electric SE (France), NKT A/S (Denmark), Siemon (U.S.), Superior Essex Inc. (U.S.), CommScope Inc. (U.S.), Panduit Corp. (U.S.), Corning Inc. (U.S.), Paige Electric Co. L.P. (U.S.), Brand-Rex Ltd. (Scotland), and Belden Inc. (U.S.), among others.
Key players have incorporated several strategies to stay at the forefront such as new product launches, mergers and acquisitions, partnerships, and others. For instance, Exertis has acquired French structured cabling distributor Azenn. Azenn offer staging services, refurbishment, and logistics services for network devices to the largest telecom operators in France.
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Global Data Center Structured Cabling Industry Information: By Wire Category (Category 5E, Category 6, Category 6A, Category 7, Others), By Product Type (Copper Wire, Fiber Optic) - Forecast till 2027
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