Skip to main content

Market Forecast

Wire & Cable Market to Hit $296.3B by 2031 on Grid, EV Demand

Wire & Cable Market to Hit $296.3B by 2031 on Grid, EV Demand

Delray Beach – September 23, 2026 -- The global wire & cable market is projected to grow from USD 224.8 billion in 2026 to USD 296.3 billion by 2031, a 5.7% CAGR, according to MarketsandMarkets. Demand is pivoting from construction-led consumption toward grid reinforcement, renewable power evacuation, electric mobility, and AI-driven data-center build-out.

Asia Pacific outpaces global growth at 6.5% CAGR

Rapid data-center and 5G rollout across China, India, and Southeast Asia, combined with semiconductor manufacturing investment, railway electrification, and smart-city development, is driving Asia Pacific's outsized expansion. Regional cable manufacturers are scaling domestic production capacity to capture this demand.

RCM Market to Nearly Double to $132 Billion by 2031 as AI Reshapes Billing

RCM Market to Nearly Double to $132 Billion by 2031 as AI Reshapes Billing

Delray Beach, Fla. – – September 15, 2026 -- The global Revenue Cycle Management market is projected to reach USD 132.06 billion by 2031, up from USD 73.61 billion in 2026, expanding at a compound annual growth rate of 12.4%, according to MarketsandMarkets.

North America controls 40% of the RCM market as denial rates push AI adoption

North America held a 40.0% share of the global RCM market in 2025, driven by a fragmented US payer landscape and rising claim denial rates that are pushing hospital networks toward AI-assisted coding and predictive denial analytics. Small and medium-sized enterprises are the fastest-growing enterprise segment, expanding at a 13.0% CAGR, while on-premises deployment still commands 56.4% of the market despite the shift toward cloud platforms.