Data Center Cables and Connectors Market Size (2024 - 2030)

The Global Data Center Cables and Connectors Market was valued at USD 72.86 Billion and is projected to reach a market size of USD 108.83 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 5.9%.

Market Overview:

Cables and connectors are connecting devices used in transmitting data, signals, and power supply to several electronic devices and peripherals. Cables are electrical wires which are insulated from each other. They have properties such as high tensile strength which help them to bear high force and stress to operate at a controlled mechanism. The global data centre cables and connectors market has been increasing and growing rapidly over the past few years. The increasing demand for internet connectivity and the surging number of data centres worldwide drive market growth. Data centre structured cabling meets the demand for higher bandwidth and power while reducing the rise in temperature which improves network scalability and optimizes link performance greatly.

COVID-19 Impact on the global Data Center Cables and Connectors Market:

The COVID-19 outbreak severely affected several economies and industries due to lockdowns and business shutdowns. The disruptions in demand-supply chain blocks and reduced cash flow among people aggravated the situation even further. Almost all the sectors had to face the repercussions of the pandemic excluding some. The computer science industry benefitted greatly from the pandemic as a paradigm shift in consumer patterns was observed during the time. Digital technologies have and will continue to take the centre stage. Businesses and enterprises shifted toward technological advancements and started investing in the R&D of these technologies to improve their efficiency and operationality, thereby widening the scope of the market and accelerating its growth size

Market Drivers:

Integration of advanced technology and increasing internet penetration is enhancing the market growth:

The growth of the global data center cables and connectors market can be attributed to the rapid, secure, effortless real-time internet and data processing, and other benefits provided by the provider. Moreover, the integration of IoT and AI technology has added to the list of advantages that it provided by making data processing and accessing simpler and more efficient. Therefore, the rise in the adoption of this technology by merchants in emerging economies for conducting and carrying on businesses further fuels the global market growth.

Government initiatives and policies in developing nations align with the interests of organizations fuelling the market growth:

The government of different nations are implementing various strategies to support and increase the adoption of automation and AI technologies to improve the overall industrial situation in the economy. Therefore, this inclination of government toward advanced technologies and the formulation of such policies and initiatives to promote it, especially in developing nations, is one of the major factors to fuel the growth of the global data center cables and connectors market in the upcoming years.

Continuous innovation and technological advancements to boost the market growth:

Increasing demand from both consumers and merchants to reduce business time drives the demand for automation and speed processing internet facilities which further augments the market growth of data centre cables and connectors resulting in the continuous evolution of the technology, focusing on products and services. Ongoing developments in the technologies and advancements in networking infrastructure may strengthen the market.

The inclination of industries towards digital technology is driving growth in the market:

In the wake of ever-evolving technological advancements, organizations and enterprises are entering a new era where digital technologies are playing a vital role to stimulate organizational growth. Deep penetration of IoT-based products and devices in our everyday life, the perpetually growing number of mobile devices and applications, large volumes of data sets created by these devices, and the rise in dependency of businesses on IoT products and solutions drive the market growth.

Rapid drop in the cost of technology has made it more affordable making it a key factor to boost the market growth:

Technologies due to continuous evolution have become more and more affordable with their presence in every industry, making it possible for individuals and small businesses to adopt them. Due to it being highly popular and with growing industry knowledge, it has become very inexpensive to incorporate it into the organization, making the market grow exponentially.

Market Restraints: 

Underdeveloped information and communication technology infrastructure in the less developed and developing nations hinder the growth of global market size:

Developed countries have undoubtedly facilitated infinite potential of the internet and the ICT in every stratum of society. This had resulted in significant cost reduction and increased standard of living of their citizens. However, many underdeveloped and developing nations are yet to gain all the potentials of ICT due to reasons such as, poor technical infrastructure, legal deficiencies, social barriers or lack of skilled human resources.

Increasing security concerns may hinder the market expansion during the forecast period:

With large amounts of data stored online, its storage and processing have become increasingly complicated, making them difficult to take accountability. The complexity of the internet along with automation technology systems presents unique security breach risks and challenges. The security challenges increase with the increased adoption of IoT and cloud-based services among organizations. Therefore, efficient cybersecurity measures are needed to properly implement these technologies and tackle this problem, slowing down the growth of the market.

DATA CENTER CABLES AND CONNECTORS MARKET REPORT COVERAGE:

Data Center Cables and Connectors Market – By Product

• Pcb Connectors

• I/O Connectors

• Circular Connectors

• Fibre Optic Connectors

• Rf Coaxial Connectors

• Others

Based on the product, the Data Center Cables and Connectors Market has been segmented into 6 segments – Pcb Connectors, I/O Connectors, Circular Connectors, Fibre Optic Connectors, Rf Coaxial Connectors, and Others.

Data Center Cables and Connectors Market – By Industry

• Automotive

• Commercial

• Energy & Power

• Aerospace & Defense

• Others

Based on the industry, the Data Center Cables and Connectors Market has been segmented into 5 segments – Automotive, Commercial, Energy & Power, Aerospace & Defense, and Others.

The Automotive segment holds the dominance and has the largest market share and is anticipated to maintain its dominance in the market during the forecast period due to the growing popularity of electric vehicles.

Data Center Cables and Connectors Market – By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East and Africa

Based on region, the Data Center Cables and Connectors Market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa.

The Asia Pacific holds the largest market share in the global data centre cables and connectors market. Owing to increasing investments in infrastructure development by major companies in countries such as India and China. Several data centre hubs are planning to enlarge and expand in these regions due to lower costs and increasing demand for e-commerce and cloud computing technologies compared to regions like North America. Also, massive investment in infrastructure, energy, and technology will contribute hugely to market growth.

Data Center Cables and Connectors Market – By Companies.

1. Furukawa Electric Co

2.  R&M Nexans S A

3.  Legrand

4.  Belden Inc.

5.  Schneider Electric

6.  CommScope

7.  Panduit Corp

8.  Corning Inc.

9.  Siemon

The Data Center Cables and Connectors Market is highly fragmented and extremely competitive with key players involved in R&D and constant technological innovation done by the vendors.