The Global Cross-Connect System Market size is expected to reach $5.4 billion by 2030, rising at a market growth of 9.9% CAGR during the forecast period.
The Asia Pacific region has been witnessing growth due to the increasing demand for advanced telecommunication infrastructure, data centers, and cloud services. Hence, the Asia Pacific region would generate approximately 2/5th share of the market by 2030. The Asia Pacific regional market is expected to have the most data centers in the next ten years, owing to the expanding IT infrastructure in nations like China, India, Singapore, Sydney, and Hong Kong. The cross-connect system key companies have been investing in developing countries due to a lack of available space, early technical developments, and a growing need for room to create additional data centers. Some of the factors impacting the market are the growing number of networked IoT devices, increasing virtualization and Software-Defined Networking (SDN) adoption, and demand for large initial investments.
The data center's architecture is currently configured to support the enormous data flow that the business now experiences. With more IoT devices being used in a variety of industries, such as automation, banking, manufacturing, healthcare, power plants, and others, it will eventually become necessary to build additional data centers. As a result, the growth of the IoT sector will have a direct impact on market development in the coming years. In order to securely communicate and access data across all branch offices and subsidiaries, firms can have a private global network, which is causing the acceptance of concepts for virtual networking. The virtual networking demand is anticipated to grow as more companies use virtual networking services and products to centrally manage and oversee their local and global communication networks. Hence, the demand for cross-connect systems supporting these contemporary networking topologies is driven by the growing popularity of virtualization and SDN.
However, when designing a data center, several different elements must be taken into account. Engineering, authorizations, licenses, conduit & cabling for generators, enclosures for generators, lighting for data centers, fire suppression, HVAC, lighting protection, and other challenges are all taken into account. Unluckily, many firms are discouraged by these functionalities' exorbitant costs. Additionally, the data center needs to be operated and maintained by skilled people. For those who work in this industry, the lack of these qualified workers is a major problem. It is therefore anticipated that these factors will limit the growth of the market as a whole throughout the forecast period.
On the basis of application, the market is classified into connectivity and protection switching & network restoration. The connectivity segment acquired the largest revenue share in the market in 2022. For greater communication, the cross-connect system is primarily utilized in data centers. New data centers are being built by key companies in numerous nations worldwide, including Hong Kong, India, China, Singapore, and Brazil. With the advent of Web 3.0, there is a growing demand for greater connectivity and zero-latency data transfer due to the necessity of real-time availability of data for observing customer behavior. The segment is projected to be driven by such reasons.
Based on type, the market is characterized into fiber, CAT cables, COAX, and others. The COAX segment procured a considerable growth rate in the market in 2022. Its components—copper, an insulator, and a braided metal mesh that reduces crosstalk and signal interference—are all metal. The coaxial cable supports several channels and large bandwidth and is less susceptible to interference from electromagnetic fields. Coaxial cross-connects offer a methodical and organized way to manage coaxial wires in a network.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.4 Billion |
| Market size forecast in 2030 | USD 5.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 9.9% from 2023 to 2030 |
| Number of Pages | 188 |
| Number of Table | 260 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed the maximum revenue share in the market in 2022. Due to the origins and presence of major IT service providers and innovators in the region, including Microsoft, Google, Amazon, and Facebook, the market in North America is growing rapidly. A secure, effective, adaptable, and cost-effective cross-connect infrastructure was required as a result of the initial Internet revolution as well as technological advancements, and this enabled this region to produce a significant demand for cross-connects.
Free Valuable Insights: Global Cross-Connect System Market size to reach USD 5.4 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, CommScope Holding Company, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Equinix, Inc., ZTE Corporation, Cyxtera Technologies, Inc. (BC Partners and Medina Capital), TELESCENT, Inc., CoreSite (American Tower Corporation), Sercalo Microtechnology Ltd., Optiwave Systems, Inc.
By Type
By Application
By Geography
The Market size is projected to reach USD 5.4 billion by 2030.
Growing Number of Networked IOT Devices are driving the Market in coming years, however, Demand for Large Initial Investments restraints the growth of the Market.
Fujitsu Limited, CommScope Holding Company, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Equinix, Inc., ZTE Corporation, Cyxtera Technologies, Inc. (BC Partners and Medina Capital), TELESCENT, Inc., CoreSite (American Tower Corporation), Sercalo Microtechnology Ltd., Optiwave Systems, Inc.
The expected CAGR of this Market is 9.9% from 2023 to 2030.
The Fiber segment is leading the Market by Type in 2022; thereby, achieving a market value of $2.2 billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.0 billion by 2030.
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
