The global premise cable market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.
Premise cables are widely used to connect local area network (LAN) and phone equipment within a building. They run from a central location, such as a server room, to individual desktops. At present, fiber optics are gaining immense traction among premise cables as they offer several advantages in LAN backbone cabling. In addition to this, the leading manufacturers are introducing integrated systems of copper and fiber network cabling and components for excellent performance and reliability.
Premise Cable Market Trends:
Rising demand for enhanced flow of communication and broadcast transmission in the telecommunication industry represents one of the primary factors driving the premise cable market. Moreover, the escalating need for high broadband services and connections on account of the increasing use of smartphones as well as the internet is stimulating the market growth. A significant rise in the construction of schools, colleges, server rooms, and commercial establishments is also catalyzing the demand for premise cables around the world. Apart from this, the introduction of advanced technologies, such as smart power operations and automated lighting, along with the surging demand for multimedia devices and network connectivity, is contributing to the growth of the market. Apart from this, several types of copper cables are finding wide applications in the oil and gas industry on account of their low cost, high security, and reliability. Furthermore, premise cables are used to control and transmit data between various machines and systems for industrial purposes. In line with this, rapid industrialization and the rising automation trend in industrial processes are other factors positively influencing the adoption of premise cables worldwide. Besides this, the rising demand for industrial-grade premise cables, which offer reliability in harsh environmental conditions, is impelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global premise cable market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, cable type and application.
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 Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis
||Type, Cable Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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Key Questions Answered in This Report:
- How has the global premise cable market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global premise cable market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the cable type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global premise cable market and who are the key players?
- What is the degree of competition in the industry?