World News: 11:06 GMT Wednesday 17th April 2019. [Market Research Future via Globe Newswire via SPi World News]
Pune, India, April 17, 2019 (GLOBE NEWSWIRE) -- As per the latest study conducted by Market Research Future (MRFR), the global data center structure cabling market is projected to witness a sound CAGR of 11.4% during the forecast period (2018-2023). By 2023-end, the market is expected to surpass valuation of 1 Bn. As industry 4.0 gains further momentum demand for data center structured cabling grows further. The mushrooming of data centers due to the growth of the IT sector has supported the market growth. Moreover, proliferation of internet across sectors has necessitated the robust cabling solutions.
The rise of fiver optic cables and other coaxial cables has improved the performance of structured cabling. The latest versions of structure cabling have superior resistance to temperature and have higher bandwidth capacity. The growing ethernet demand and rising traffic caused by increased used of data infrastructure solution and consumption of high-quality multi-media content. Structured center structured cabling support rapid digitization, centralized control, remote access and easy accessibility. In recent years, demand for high-quality data center structured cabling has spiraled up. In addition, the growing need for centralization of enterprise data and computing resources is opening new windows of growth for the market players. However, service provide continue to find it difficult to bring down the cost of installation and maintenance, which hamper market prospects to certain aspects.
MRFR’s study include a thorough segmental analysis based on wire category, and product type.
By wire category, the data center structured cabling market has been segmented into category 7, category 6A, category 6, category 5E and others. The category 6 segment is expected to remain highly profitable during the forecast period. During the forecast period, the segment is set to surpass a market valuation of USD 962.5 Mn. Whereas, the category 6A segment is projected to post a relatively higher CAGR between 2018 and 2023. The segment is expected to rake in more than USD 420 Mn in revenues during the next four years.
By product type, the market has been segmented into fiber optics wire and copper wire. The copper wire segment holds the dominant market share and the trend is expected to continue throughout the assessment period. The copper wire segment is projected to capture an impressive CAGR of 11.7% over the forecast period and surpass a valuation of USD 2,300 Mn. The fiber optics wire segment is also expected to remain important for market players over 2023. The segment in expected to witness a CAGR of 10.6% during the forecast period.
MRFR’s study covers regions such as North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Latin America (LatAm) and Europe. Being technologically advanced with cutting-edge infrastructure, North America remains at an advantageous position in the global . The market in North America is currently valued at more than USD 1, 000 Mn and is projected to witness an impressive CAGR of 10.4% during the forecast period. In terms of value, Europe is at the second spot. Currently, the market in Europe is valued at over USD 700 Mn. On the back of strong investment in R&D pipeline, Europe continues to be an important market for data center structured cabling. APAC represents a fast-growing market for data center structured cabling, which is expected to post a CAGR of 13.2% during the review period. Emerging economies such as China, India, Indonesia among others present lucrative opportunities to market players. Towards 2023, the region’s market is expected to surpass a valuation of USD 800 Mn.
Some of the prominent companies operating in the global data center structured cabling market including TE Connectivity Ltd, Belden, Inc., Schneider Electric SE, Teknon Corporation, Brand-Rex Ltd., Superior Essex Inc., Paige Electric Co., L.P., Legrand SA, ABB Ltd., CommScope Inc., Hitachi Cable America Inc., Siemon, NKT A/S, Nexans and Corning, Inc.
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Globe Newswire: 11:06 GMT Wednesday 17th April 2019
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