Premise Cable Market

Premise Cable Market Research, 2030

The global premise cable market was valued at $6.2 billion in 2020 and is projected to reach $15.8 billion by 2030, growing at a CAGR of 9.9% from 2021 to 2030.

Premise cables are copper cables or optical fiber used in on-premise wiring to construct telecommunication transmission lines. These wirings are made of vertical and horizontal cables that travel from point of entry to the user workspaces, for instance, from a central place such as server room across building to individual PCs. CAT5e and CAT6 are typical local area network cables used for premise wiring, having copper as a core. Premise Cable Market Opportunity

The global premise cable market is significantly affected by the emergence of COVID-19, owing to the shutdown of manufacturing units globally. However, the market is expected to register significant growth in the coming years due to the adoption of data communication solutions in regions worldwide.

In addition, category cables are the most common type of premise cable solution used for LAN wall outlets. Furthermore, Cat 5e or Cat 6, in particular, are low-cost methods of transmitting data efficiently and more quickly. Moreover, premise cable methods experience a surge in demand for 3D printed solutions across industrial, residential, and commercial sectors, owing to the rise in deployment of 3D technology, thereby driving the market growth. 

The premise cable market is expected to witness notable growth during the forecast period, owing to growth in demand for data communication solutions. Furthermore, the rise in development in premise cable solutions has driven the growth of the market. Moreover, easy installation and connections of premise cable are expected to propel the premise cable market size during the forecast period.

However, the negative impact related to the Internet of Things is one of the prime factors restraining the market growth. On the contrary, the surge in demand for high-speed connectivity devices and systems is expected to provide lucrative opportunities for the premise cable market growth during the forecast period. 

The outbreak of COVID-19 significantly impacted the growth of the premise cable market outlook in 2020, owing to a significant impact on prime players operating in the premise cable supply chain. However, the rise in penetration of premise cable solutions in the residential sector during COVID-19 has significantly boosted the growth of the premise cable industry during pandemics. On the contrary, the market was hampered by the COVID-19 pandemic, including factors such as lack of skilled workforce availability and delay or cancelation of projects, due to partial or complete lockdown across the globe. Furthermore, the surge in the adoption of smart infrastructure solutions across commercial and industrial sectors strengthens the premise cable market opportunity. 

The premise cable market forecast is analyzed on the basis of type, application, and country. Depending on the type, it is fragmented into copper cable and fiber-optic cable Fiber-optic cable segment dominated the market during 2020, owing to high demand for premise cable solutions.

Based on, cable type, the market is segmented into Cat 3 Cat 5E Cable, Cat 6 Cable, Cat 6A Cable, CAT 7 Cable, CAT 8 Cable, and Others. The Cat7 cable dominated the market in 2020 and is expected to witness relatively high demand in the coming years.

According to the application, it is categorized into industrial, broadcast, enterprise, IT & network security, and others. Enterprise segment acquired the largest Premise cable market share in 2020 however, the healthcare segment is expected to grow at a high CAGR from 2021 to 2030.

Region-wise, the premise cable market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically U.S., remains a significant participant in the global premise cable industry. This is attributed to the fact that major organizations and government institutions in the country are intensely putting resources into the technology, which is anticipated to open new avenues for the expansion of the market.  

TOP IMPACTING FACTORS

Significant factors that impact the growth of the Premise cable industry include development in premise cable solutions along with easy installation and connections of premise cable. Moreover, growth in demand for data communication solutions is expected to drive the market growth during the forecast period. However, the negative impact related to the Internet of Things hinders market growth. Conversely, the surge in demand for high-speed connectivity devices and systems is offering significant growth opportunities for the market growth,

COMPETITION ANALYSIS

Competitive analysis and profiles of the major premise cable market players, such as CommScope, Belden Inc., General Cable Technologies Corporation, Hitachi, Ltd., HellermannTyton, Nexans, Prysmian Group, Schneider Electric, Siemens AG, and The Siemon Company are provided in this report

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the premise cable market analysis from 2020 to 2030 to identify the prevailing premise cable market opportunities.
• Market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• An in-depth analysis of the premise cable market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global premise cable market trends, key players, market segments, application areas, and market growth strategies.

 Premise Cable Market Report Highlights