The report of Global Data Center Structured Cabling Market by Solution Type (Products, Services, Software), Vertical (IT & Telecommunication, Residential & Commercial, Government & Education, Transportation, Industrial, Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 25.4Bn by 2027, at a CAGR of XX % during a forecast period.
The scope of the report includes a detailed study of global and regional markets for global data center structured cabling market with the reasons given for variations in the growth of the industry in certain regions. Increase in a number of Internet users and rapid adoption of digital services has led to an exponential upsurge in the volume of sensitive data collected by organizations. A structured cabling system eases data transfer at a faster speed, which has triggered market growth. Increased emphasis on cost and time management, rising IoT data, need for automation of businesses, and growing competition have significantly boosted demand for structured cabling systems.
IT and telecommunications segment expected to grow at the highest XX% CAGR during the forecast period.
The IT and telecommunications segment dominated the market in 2019, a trend that is expected to continue during the forecast period. Technological innovations in the telecommunications sector, like the 5G network, require high bandwidth and low latency, which are provided by structured cabling systems.
North America region is expected to account for the largest XX% market share by 2027.
The region has various leading players like ABB, Hitachi, TE Connectivity Ltd. and others. High growth in the USA can be attributed to the high concentration of manufacturing and telecommunications industries that majorly adopt structured cabling systems. Moreover, technological proliferation, increased adoption of fiber optic cables, high penetration of digital services, and early adoption of advanced technologies in many verticals like government, commercial and residential, and transportation and logistics have activated market growth.
Key players operating in the Market are TE Connectivity Ltd. , Nexans (France), Legrand S.A., Teknon Corporation, ABB Ltd., Hitachi Cable America Inc. , Schneider Electric SE, NKT A/S, Siemon, Superior Essex Inc. , CommScope Inc., Panduit Corp. , Corning, Inc., Paige Electric Co., L.P.,Brand-Rex Ltd.,Belden Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry.
Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Data Center Structured Cabling Market positioning of competitors.
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