In a recent published report, Kenneth Research has updated the market report for Data Center Structured Cabling Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Data Center Structured Cabling Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 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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