Key Revenue Pockets - Pre-terminated Systems Market
Pre-terminated cabling systems encompass factory-manufactured cables and modular components with already attached connectors. Pre-terminated cabling and components can help manage the use of costly field termination and testing time. Additionally, they can eliminate unused cables and connector scrap, as well as the need for field installation consumables. These pre-terminated assemblies come in different forms, from attached or discreet cassette modules to cable bundles, utilizing fiber and copper cabling with protective pulling grips installed over the connectors at one end.
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 the pre-terminated systems market is driven by the increasing establishment of data centers and the growing demand for transmission bandwidth and network reliability. The growing trend of VoIP, LTE, and 5G networks is expected to provide additional growth opportunities to pre-terminated systems market players.
Components are expected to hold a larger share of the pre-terminated systems market during the forecast period. The component segment comprises cables, connectors, brackets and adapters, patch panels, patch cords, cassettes and modules, pigtails, and fiber enclosures. These pre-terminated systems provide advantages such as the decrease in labor costs and reduction in congestion cable pathways and spaces, on-site installation time, and security-related risks.
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The enterprises and data centers vertical is the largest adopter of pre-terminated systems. 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 the enterprises and data centers vertical.
The pre-terminated systems market in APAC is expected to grow at the highest CAGR during the forecast period. 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.
Related Reports:
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
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