Global data center structured cabling market can expect a CAGR of 11.4% during the forecast period (2018-2023). Market Research Future (MRFR) analyzes factors in detail that can impact the global market. For instance, integration of smart devices, internet, adoption of cloud-based services, automation, and the inclusion of IoT can be seen as potential gamechanger for the data center structured cabling market.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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The global data center structured cabling market can be segmented by wire categories and type.
Based on wire categories, the data center structured cabling market can be segmented into category 5E, category 6, category 6A, category 7, and others. Category 6 has the largest market penetration with category 5E following the lead.
On the basis of type, the data center structured cabling market can be segmented into copper and fiber optic. The fiber optic segment can further be segmented into single-mode fiber optic and multi-mode fiber optic. Copper cables are more popular as it provides shielding against the electromagnetic interferences.
Approaching Covid 19 Data Center Structured Cabling Market from regional point of view reveals North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).
North America is leading the market with substantial market penetration. Increasing proliferation of cloud technology and reliance on IoT are giving the edge to the regional market. Furthermore, superior technology and apt infrastructure are backing up the regional market sufficiently.
Europe is assuming the second spot as its features are quite similar to that of North America. Cloud technology and IoT are driving the regional market ahead. At the same time, growing consumer needs is influencing the branching out of the data centers which can significantly boost the market.
Key competitors in the global data center structured cabling market include Siemon (U.S.), Panduit Corp. (U.S.), TE Connectivity Ltd. (Switzerland), Superior Essex Inc. (U.S.), Nexans (France), Brand-Rex Ltd. (Scotland), CommScope Inc. (U.S.), Hitachi Cable America Inc. (U.S.), Corning, Inc. (U.S.), Belden Inc. (U.S.), Legrand S.A. (France), ABB Ltd. (Switzerland), Schneider Electric SE (France), NKT A/S (Denmark), Paige Electric Co., L.P. (U.S.), Teknon Corporation (U.S.), and others.
These companies often employ tactics that involve mergers, acquisitions, joint venture, collaborations, product launches, and other methods. Tactical decisions help companies in expanding their market prospect which squarely impacts the global market as well.
TE Connectivity Ltd., as of the news released in September 2018, is planning to sell TE SubCom to Cerberus Capital Management. This would strengthen the market position of Cerberus Capital Management and assist them in enhancing connectivity. On the other hand, TE Connectivity, as of January 2018, is thinking of acquiring ABB’s entrelec terminal block business to boost their market stability.
Nexans, on the other hand, bought in January 2018 BE CableCon to provide thrust to their cabling system.
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