According to the new research report
"Pre-terminated
Systems Market by Component (Cables, Patch Panels, Patch Cords, Connectors,
and Adapter Panels), Service (Design & Engineering, Installation, and
Post-installation), Vertical, and Geography - Global Forecast to 2024",
the pre-terminated systems market is expected to grow from USD 2.1 billion in
2019 to USD 3.2 billion by 2024, at a CAGR of 9.0%. The growth of this market
is mainly propelled by the increasing formation of data centers and the rising
demand for transmission bandwidth and network reliability. The growing trend of
VoIP, LTE, and 5G networks is likely to provide lucrative opportunities to the
pre-terminated systems market.
Components to witness higher CAGR during
2019–2024
Components
are expected to exhibit a higher CAGR in the pre-terminated systems market from
2019 to 2024. The component segment comprises cables, connectors, brackets and
adapters, patch panels, patch cords, cassettes and modules, pigtails, and fiber
enclosures. Pre-terminated systems not only lower the labor cost but also
reduces congestion cable pathways and spaces, on-site installation time, and
security-related risks.
Enterprises and data centers vertical
expected to exhibit highest CAGR in pre-terminated systems market from 2019 to
2024
The
pre-terminated systems market for the enterprises and data centers vertical is
expected to grow at the highest CAGR from 2019 to 2024. In this vertical, the
network of cabling systems plays a vital role in the smooth and faster
transmission of voice, data, and video signals from one point to another or
from one system to another by connecting two distinct user locations for
sharing information. Pre-terminated solutions are used to provide a
plug-and-play solution for links between switches, servers, patch panels, and
zone distribution areas in data centers and IT and telecom facilities, thereby
driving the growth of this market for these verticals.
Growing demand for connectivity solutions
will boost demand for pre-terminated systems in APAC during forecast period
The
pre-terminated systems market in APAC is expected to grow at the highest CAGR
during the forecast period. Owing to the rapid urbanization and infrastructure
activities, the market for pre-terminated systems is expected to grow in APAC.
Data centers in this region are undergoing a dramatic change owing to the
digital transformation of businesses. An increase in public and private sector
investments in infrastructure projects to meet the demands of several
industries, such as enterprise, banking, telecom, and government, is expected
to drive the growth of the pre-terminated systems market in APAC.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20482334
Key players in the pre-terminated systems market include TE Connectivity Ltd. (Switzerland), Optical Cable Corporation (US), Corning Incorporated (US), CommScope Holding Company, Inc. (US), Amphenol Corporation (US), HellermannTyton PLC (Austria), HUBER+SUHNER AG (Switzerland), Belden Inc.(US), Legrand SA (France), and Nexans SA (France). These players are increasingly adopting growth strategies such as product launches and developments, mergers and acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the market.
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