The worldwide data center structured cabling market is estimated to reach a worth of USD 2.97 bn by the end of the forecast period (2018-2023). The impressive surge in the emergence of several data centers is the key factor propelling the market. Aspects such as the pressing need for having a centralized database of the enterprise, espousal of cloud services, and pervasiveness of smart devices are expected to spike up the market demand over the assessment period. The focus on the making of energy-efficient data centers which can save business costs is anticipated to propel the market. Additionally, the need for lightning-fast internet speeds in organizations for seamless transfer of data is estimated to accelerate the need for structured cabling in data centers. On the other hand, increasing maintenance and installation costs can restrict the expansion of the market. Development of smart cities has been a trending point among the nations worldwide, which is being quickly adopted in a rush to lead the worldwide market. Supportive reforms and policies have been rolled out for outlays in cities but the volatile political framework in emerging economies has seen hesitant players. However, with the mushrooming novel technologies such as progressions in network speeds, the pressing requirements for low-latency connections by corporations and home owners, coupled with the internet of things (IoT), are estimated to burgeon the need for a structured solution, i.e., structured cabling. Smart cities require data centers to meet the growing need of its citizens.
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The worldwide data center structured cabling market has been segregated based on product type and wire category. Based on wire category, the market is segregated into category 6, category 5E, category 7, category 6A, and others. The category 6 segment is likely to attain an estimated worth of USD 962.5 mn by 2023. Cat 6 or Category 6 cables functions on a broader frequency and delivers additional data while preserving data integrity. The category 5E segment comes after Cat 6 and can witness a CAGR of 12.6% during period of estimation. Based on product type, the market is segregated into copper wire and fiber optic. Among these, the copper wire segment is anticipated to attain a market size of USD 2,356.9 mn by the conclusion of 2023. Copper cables are best fitted for medium and short distance data transmissions. Besides, metal shielding is anticipated to augment the defenses of copper wires and shield them from electromagnetic interference.
Global Data Center Structured Cabling Market encompasses Europe, North America, Asia Pacific (APAC), and the Rest-of-the-World (RoW). The North America market is predicted to generate a turnover of almost USD 1,152 mn in revenue by the conclusion of 2023. Penetration of internet of things and its espousal among organizations along with regular users is likely to boost the market growth in the future. Adoption of cloud technology is expected to lead the market to record a 10.4% CAGR throughout the period of assessment. The Europe market is the second-largest data center structured cabling provider after North America, on account of the rise of several IoT giants prevailing in the market. The demand for cloud technologies is augured to stimulate the market demand in the upcoming years. Introduction of approaches to incorporate automation throughout the various sectors is estimated to fuel the need for structured cabling. Moreover, the stemming of data centers to deal with the demands of customers is likely to influence the market positively.
Key players ruling the global data center structured cabling market include names like Panduit Corp. (U.S.), Siemon (U.S.), Superior Essex Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Nexans (France), CommScope Inc. (U.S.), Brand-Rex Ltd. (Scotland), Hitachi Cable America Inc. (U.S.), Belden Inc. (U.S.), Corning, Inc. (U.S.), Legrand S.A. (France), Schneider Electric SE (France), ABB Ltd. (Switzerland), Paige Electric Co., L.P. (U.S.), Teknon Corporation (U.S.), and NKT A/S (Denmark).
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