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According to a new report, published by KBV research, The Global Premise Cable Market size is expected to reach $11.2 billion by 2028, rising at a Market growth of 9.0% CAGR during the forecast period.
The Enterprise segment is showcasing a CAGR of 9.8% during (2022 - 2028). The rising growth of this segment is attributed to the increasing requirement for enhanced network and connectivity in several enterprises all over the world due to the rising workloads. Therefore, the deployment of various high bandwidth premise cables is increasing among these enterprises.
The CAT7 Cables segment acquired maximum revenue share in the Global Premise Cable Market by Cable Type in 2021, thereby, achieving a Market value of $2.8 billion by 2028. It is due to the rapidly increasing requirement for high-performance networking, which necessitates ultra-reliable cables. Moreover, another factor that is surging the growth of this segment is the increasing deployment of gigabit ethernet all over the world. As it is used in the infrastructure of gigabit ethernet, the demand for this category is increasing.
The Fiber Optic Cable segment has shown growth rate of 9.5% during (2022 - 2028). Fiber optics is a type of information transfer that involves passing light pulses over an optical fiber. The light is then modified in order to generate electromagnetic carrier waves that can transport data. In addition, fiber optic cable is mostly used for digital data transmission and is becoming more popular due to its high transmission capacity and efficiency. When high bandwidth, increased distance, or immunity from internal or external interferences are necessary, fiber optic cables are typically utilized.
The North America Market dominated the Global Premise Cable Market by Region in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $3.6 billion by 2028. The Europe Market is estimated to witness a CAGR of 8.3% during (2022 - 2028). Additionally, The Asia Pacific Market would exhibit a CAGR of 9.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/premise-cable-market/
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of Belden, Inc., Schneider Electric SE, Siemens AG, Nexans SA, Prysmian Group, Hitachi, Ltd., Anixter International Inc., The Siemon Company, and HellermannTyton Ltd.
By Cable Type