ResearchAndMarkets.com (Dublin) has released its "Pre-Terminated Systems - Global Market Outlook (2019-2027)" report. According to the report, the global pre-terminated systems market accounted for $2.14 billion in 2019, and is expected to reach $4.94 billion by 2027, growing at a CAGR of 11% during the forecast period.
The analyst says that the increasing establishment of data centers and rising demand for network reliability and transmission bandwidth are key factors propelling the growth of the market. However, the new report notes that the technology's high implementation cost is hampering the growth of the market.
As defined by the report's summary: "Pre-terminated systems consist of multiple components with pulling grips installed over a connector at one end and are already ready to be plugged in; all these components are tested, qualified, and ready to plug-and-play in the network. Pre-terminated components help to manage and reduce costly field termination and testing time."
Based on the end user, the enterprise and data center segments are anticipated to hold considerable market share during the forecast period, as these system solutions are used to provide a plug-and-play solution for links between switches, servers, patch panels, and zone distribution areas in data centers.
By geography, North America is expected to grow at a significant market share during the report's forecast period, due to a large number of manufacturers and well-established players focusing on the development of new technology in network cabling systems.
Companies mentioned in the report include:
- Optical Cable Corporation
- CommScope Holding Company, Inc.
- Leviton Network Solutions
- Comnen Technology Co. Ltd.
The report offers market share assessments for the regional and country-level segments with strategic recommendations for new market entrants. Covering market data for the years 2018, 2019, 2020, 2024 and 2027, the report provides strategic recommendations in key business segments based on the market estimations, as well as company profiling with detailed strategies, financials, and recent developments, and supply chain trends mapping the latest technological advancements.
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