The latest research study by IMARC Group, “Premise Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global premise cable market size. The global premise cable market reached a value of US$ 7.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.68 Billion by 2027, exhibiting a CAGR of 8.70% during 2022-2027.
Premise Cable Industry Outlook:
Premise cables are extensively used to connect the phone equipment and local area networks (LAN) within a building. They work from a central location, such as a server room. Premise cables are of two kinds, namely copper and fiber optic, which provide excellent performance, reliability, and several advantages in LAN backbone cabling. As a result, these cables find widespread applications across various sectors, such as broadcast, industrial, enterprise, IT, and network security.
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The escalating demand for enhanced broadcast transmission flow in the telecommunications industry is among the primary factors fueling the premise cable market. Besides this, the elevating need for high broadband services and connections, on account of the rising usage of smartphones and internet services, is further augmenting the market growth.
Moreover, the growing popularity of industrial-grade premise cables, which offer reliability in harsh environmental conditions, is also catalyzing the global market. Apart from this, the expanding construction activities in colleges, schools, server rooms, and commercial establishments are acting as significant growth-inducing factors.
Additionally, the increasing utilization of copper lines in the oil and gas sector, owing to their high security, reliability, and low cost, is also stimulating the market growth. Furthermore, the introduction of automated lighting and smart power operations and the inflating requirement for multimedia devices and seamless network connectivity solutions are expected to bolster the premise cable market in the coming years.
Premise Cable Market Report Scope
Market size value in 2021
US$ 7.02 Billion
Market forecast in 2027
US$ 11.68 Billion
CAGR of 8.70% from 2022 to 2027
Base year for estimation
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Key Market Segmentation:
The report has segmented the global premise cable market on the basis of type, cable type, application and region.
Breakup by Type:
- Copper Cable
- Fiber Optic Cable
Breakup by Cable Type:
- CAT5E Cables
- CAT6 Cables
- CAT6A Cables
- CAT7 Cables
- CAT8 Cables
Breakup by Application:
- IT and Network Security
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Belden Inc., CommScope, Corning Incorporated, II-VI Incorporated, NEXANS, Prysmian Group, SAB Bröckskes GmbH Co. KG, Schneider Electric, Siemens AG, Southwire Company LLC and The Siemon Company.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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