2018 Europe Cable Management Market Size by Key Companies, Trend, Size, Growth and Forecasts 2024

Cable management is the insulation and installation of cables in electronic devices or communication systems to avoid detrimental situations; thus, it plays a crucial role in electricity and data transmission. The new-generation cable management systems consist of cable trays, conduits, raceways, optical fiber channels, and others. They are designed to possess a plethora of features and functions with high quality.

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Cable management ensures effective power distribution; provides enhanced safety, easier customization, and communication; and requires low maintenance. In addition, this system reduces the deployment time of systems, optimizes cable bandwidth, and provides maximum cable density. Service providers construct networks with high bandwidth worldwide, which require efficient fibers and strong management structure. Optical fiber cable management provides network reliability, better performance along with bend radius protection and physical protection.

Rapid advancements in infrastructure & telecommunication and high frequency of repair and maintenance of the existing technology foster the growth of the cable management market. However, intense competition among domestic players and variation in raw material prices restrain the market growth. On a positive note, growth of the IT & telecom and e-commerce sectors and increase in R&D activities for the development of 5G technology are anticipated to provide lucrative growth opportunities for the market from 2018 to 2025.

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UK led the cable management market in Europe with a revenue of $690.7 million in 2017 and is projected to reach $1,345.4 million by 2024, growing at a CAGR of 9.8% from 2018 to 2024. However, Russia is anticipated to exhibit the highest CAGR of 15.2% from 2018 to 2024.

Factors such as rise in awareness about the cable management technology and its use on a massive scale have propelled the growth of the Europe cable management market. In addition, proper cable management has ensured secure and efficient utilization of resources. Furthermore, data centers have proliferating, owing to rapid adoption of cloud technology application, process automation, other business processes management technologies, and others. These data centers require a well-managed and efficient network infrastructure to support business operations, which propels the growth of the cable management market.

Rise in internet penetration, data dependency, and modernization have led to the development of smart cities. A smart city is a highly advanced and connected city in the areas of energy, IT & telecom, ICT, transport, and others. It boosts social, urban, and cultural development through network infrastructure. European Innovation Partnership on Smart Cities and Communities (EIP-SCC) is an initiative to bring together banks, cities, small and medium enterprises, research centers, and others to build and innovate the city as per guidelines of the European Commission. This involves development of sustainable districts and an environment to reduce carbon footprint and environmental impact. This endeavor is expected to fuel the demand for cable management in the near future.

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