The data center structured cabling market size is predicted to touch USD 2.97 billion at an 11.4% CAGR during the forecast period (2020- 2027), states the latest Market Research Future’s (MRFR) data center structured cabling market forecast report.
Data Center Structured Cabling Market Driver/Data Center Structured Cabling Market Trends
Need for Speedy Connectivity Systems to Spur Market Growth
The constant requirement for high-speed networks for commercial, industrial, and residential apps will spur the market growth over the forecast period. The need for information which is real-time requires faster and constant transmission of data. Also the trends of structured cabling like IP-based security systems, IP videoconferencing, VoIP, and IP are increasing the need for video signal convergence, data, and voice that is adding to the global data center structured cabling market share.
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By wire category, the category 6 segment will dominate the market over the forecast period. It will touch USD 962.5 million by 2023. Such cables work on a wider frequency and also offer extra data simultaneously maintaining data integrity that is adding to the segmental growth.
By product type, the copper wire segment will lead the market over the forecast period. It will touch USD 2,356.9 million by 2023. Cables made of copper are used in medium to short distance data transmission and the metal shielding may heighten the defenses of such wires and protect these against electromagnetic interference which is adding market growth.
North America to Spearhead Data Center Structured Cabling Market
North America will spearhead the market over the forecast period. It will touch USD 1,152 million by 2023. Growing penetration of IoT and its increasing adoption among regular enterprises and consumers, the adoption of cloud technology, apt infrastructure, strong presence of established players, high penetration of data centers, rising use of cloud-based services in the US, high penetration of digital services, early adoption of advanced technologies in government, residential, commercial, transportation, and logistics, rising adoption of fiber optic cables, technological proliferation, and high concentration of manufacturing industries and communications are adding to the global data center structured cabling market growth in the region.
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