Data Center Structured Cabling Market- Industry Insights by Growth, Emerging Trends and Forecast By 2023

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Oct 09, 2019 (AmericaNewsHour) — Global Data Center Structured Cabling Market Information: Wire Category (Category 5E, Category 6, Category 6A, Category 7, Others), Product Type (Copper Wire, Fiber Optic), and Region – Global Forecast Till 2023

Market Synopsis

Structured cabling systems comprise an array of cables and supported hardware capable of distributing data, audio, and video signals over copper and fiber optic cables. Data centers constitute of networked facilities capable of storage, management, and dissemination of valuable data on a common network without causing latency. Major businesses are investing in data centers to centralize their data management operations. This trend can be a bellwether which can propel the data center strucutured cabling market to new heights.

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The global data center structured cabling market is projected to exhibit a 11.4% CAGR from 2018 to 2023 (forecast period) owing to high bandwidth demand from hi-speed connectivity devices and systems. The penetration of smart devices, propagation of the Internet, and the adoption of cloud-based services to centralize all resources of an organization effectivly are primary growth factors of the market. Automation of various processes and the popularity of internet of things (IoT) are expected to open up new expansion opportunities for the market in the forthcoming years.

Report Overview

The report provides an accurate overview of the market by correlating the historical data with key market dynamics. Our analysts make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global data center structured cabling market segmented according to wire category, product type, and region. Trends and growth opportunities are highlighted coupled with upcoming investment opportunities. The market share of all prominent players and their current position in the market is discussed in minute detail. It analyzes new revenue sources for players and outlines the various strategies implemented by players.

Segment Overview

Wire categories in the global market are categorized into category 5E, category 6, category 6A, category 7, and others. By type, the data center structured cabling market is segmented into copper and fiber optic. The fiber optic segment is further divided into single-mode fiber optic and multi-mode fiber optic.

The segments covered in the data center structured cabling market report are analyzed with respect to four main regions – North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.

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Competitive Landscape

Some of the reputed players in the data center structured cabling market 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.).

The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail. The market is highly competitive in nature with the major players battling out on quality, internet bandwidth, efficiency, and aftermarket service.

Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of cable component manufacturers, suppliers, and distributors. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner.

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In addition, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.

With industries worldwide stepping into 4.0, telecommunication has emerged as one of the major decisive factors substantiating individual sector’s growth. Structured cabling, consists of a set of cables and connected hardware, sets the ground for the telecommunication by providing necessary infrastructure. Standardized copper cable and fiber optic cables are central components of structured cabling. By proliferating data centers, offices, apartment buildings, and others, the data center structured cabling market has created a network for itself depending on which it is now envisioning further growth. The global data center structured cabling market is expecting an impressive 11.4% CAGR during the forecast period (2018-2023). Market Research Future’s (MRFR) report predicts an almost doubling of the present market value from USD 1.58 billion to USD 2.97 billion by 2023.

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The unprecedented growth of the data center structured cabling market can be attributed to the internet proliferation across sectors. Its efficient performance is proportional to the adoption rate of fiber optic cables and other coaxial cables which can boost the market substantially. Furthermore, structured cabling’s ability to limit the rising temperature while providing higher bandwidth can be considered a feather in its cap. It backs up substantially the growing demand for ethernet and the increasing traffic created by use of voice, video, and data infrastructure solutions.

Cloud-service is also gaining momentum. It’s cheap, user-friendly and commercially viable in customer-centric dealings. Operation-wise, it has the edge over the rest as it supports digitization, remote access, centralized control, and easy accessibility. However, its efficiency increases with the integration of the highest quality data center structured cabling. Furthermore, centralizing of an enterprise’s databases and computing resources has emerged as a must-have option which is giving data center structured cabling industry many reasons to deploy with substantial resources.

On the flip side, it comes with high installation and maintenance cost which could deter the market from a steady and impressive growth during the forecast period. But customer’s preference for high-speed internet and better connectivity can help in change the mind of the operators. This choice can make them see the bright side of installing data center structured cablings and steer the market away from initial halts.

Industry Opportunity:

Living life with everything at the fingertip has now become the definition of uber-class luxury. Smart cities are the right solution for that, and it is witnessing an unprecedented boost in recent times. Countries, all over the world, are spending substantially on smart cities which has spurred the need for data center structured cabling. By integrating the technology, smart city builders can give their residents access to fine-living, previously unimagined.

Needs such as high application performance and reduction in installation and operational cost have given rise to hyperscale, hybrid and micro data center setups. These have started to become an integral part of several industries and in the process, is helping in the expansion of the data center structured cabling market.

Segmentation Analysis:

By wire category, the data center structured cabling market can be segmented into category 5E, category 6, category 6A, category 7, and others. Projected market value of USD 962.5 million sets the category 6 as the segment leader. However, category 6A is predicted to have the highest CAGR of 13.8% during the forecast period and can scale USD 429.4 million valuation during the review period.

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By product type, the data center structured cabling market includes copper wire and fiber optics wire. Copper wire is far ahead with a considerable margin and expects to reach a market valuation of USD 2,356.9 million with the highest CAGR of 11.7% during the forecast period. Meanwhile, fiber optics wire would register a significant growth rate of 10.6% to scale a valuation of USD 616.7 million.

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