Premise Cable Market Trends, Growth & Demand to 2028
According to the latest report by IMARC Group, "Global Premise Cable Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", 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 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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Market Trends:
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.
Global Premise Cable Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Premise Cable Companies:
II-VI Incorporated, NEXANS, Prysmian Group, SAB Bröckskes GmbH Co. KG, Schneider Electric, Siemens AG, Belden Inc., CommScope, Corning Incorporated, Southwire Company LLC and The Siemon Company.
The report has segmented the 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
- Others
Breakup by Application:
- Industrial
- Broadcast
- Enterprise
- IT and Network Security
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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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