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Global Structured Cabling Market Was Valued At US$ 11.15 Bn In 2019 And It Is Expected To Reach More Than US$ XX Bn By 2028, Likely To Grow With The CAGR Of 8.3% During The Forecast Period.
Structured cabling systems used in the telecommunication infrastructure of management systems in enterprises. This telecommunication infrastructure helps transfer voice, video, and data signals from one point to another through a communication network.
The technological advancements in IT equipment and increasing end-to-end connectivity across network components are expected to drive structured cabling market growth.
Increasing Focus of Organizations On The Optimization Of IT Infrastructure And Growing Demand For Higher Bandwidth Are Driving The Structured Cabling Market Growth
The rise in internet penetration, the high adoption rate of automation for home and industries, high bandwidth demand across the industries, rising trend of communication infrastructure & also the convergence of data centers boosting the market growth. Moreover, the Cloud connectivity, IoT technology, and automation are some of the major technological trends. With a rise in the adoption of these advanced technologies in industrial segments, the cabling infrastructure of the IT devices is becoming more complex. Centralized solutions are being developed for the effective management of these IT assets. The demand for these solutions is growing at a rapid pace with the rising adoption of software technologies that are providing an efficient platform to operators for managing the network & connectivity of devices. Massive data generation & storage requirements in these industrial sectors will drive the need for effective cable management technologies and provide an impetus to overall industry growth.
The Growing Trend of 5G Technology Is Expected Lucrative Growth Opportunities For The Structured Cabling Market
The rise in the number of Internet users and rapid adoption of digital services with 5G deployments and trials are laying the foundation for new structured cabling installations, provides promising opportunities for structured cabling providers.
However, the high cost of fiber optic cables, low compatibility with old communication infrastructure, and fluctuating copper prices threaten to restrain the market growth.
The Fiber Optic Cables Segment Is Estimated To Register The Highest CAGR Over The Forecast Period.
Fiber optic cables are experiencing high adoption owing to several advantages, such as high bandwidth, longer distance, resistance to electromagnetic interference, lightweight and low-security risks offered as compared to copper cables. These cables are used in various verticals, including telecommunication, residential and commercial, government, utilities, aerospace, and private data networks. Increasing demand for high-speed Internet services is expected to be the key growth factor for the fiber optic cables segment. The growing use of new telecommunication technologies such as 5G mobile and FTTX (Fiber-to-the-X) applications is also expected to drive the growth of this segment.
The IT And Telecommunications Segment Is Expected To Dominate The Structured Cabling Market
The IT and telecommunications segment dominated the Structured Cabling market in 2019. This sector is anticipated to grow at a CAGR of around 10% a trend that is expected to continue over the forecast period due to the increasing installation of the fiber optic cables for providing networking & communication services to the customers. In addition, Technological innovations in the telecommunications sector, such as the 5G network, require high bandwidth and low latency, which are provided by structured cabling systems. This drives the market over the forecast period. The businesses operating in this sector are engaged in developing flexible cabling infrastructure that supports telephone, video, computer, and other IP-based communication systems. The innovative solutions offered by players in the structured cabling market is aiding telecom operators to efficiently perform their business operations.
The Asia Pacific To Witness The Highest Growth For Structured Cabling During The Forecast Period
The APAC region accounted for over 35% revenue share in the structured cabling market, in 2019 and it is expected to emerge as the fastest-growing regional market likely to grow with xx% CAGR over the forecast period. Key factors such as government initiatives to promote digitization, advanced infrastructure, rising population, accelerated adoption of smart devices, and investments in cloud and IoT technologies are expected to contribute to the growth of the regional market.
The expanding network of data centers, growing regional economies, and a significant increase in the number of internet users are some of the major growth drivers for the structured cabling market in this region. Developing economies such as China and Japan are leading the APAC region. Increasing use of the Internet in these countries is resulting in a rising number of broadcast activities. This is expected to drive the growth of the regional market over the forecast period.
The North American market for structured cabling has seen greater adoption of structured cabling systems across all verticals. The region has been an early adopter of new innovative technologies owing to the presence of large technology players. However, Europe's structured cabling market is expected to grow at a CAGR of around 11% over the forecast period. New laws governing data security in Europe, including the European Union General Data Protection Regulation, are driving the data center infrastructure demand, thereby providing impetus
Some of the key players in the Structured Cabling market are Siemon Company, TE Connectivity, Schneider Electric SE, Belden Inc., Panduit Corporation, Nexans S.A., Metz Connect, Legrand, IBM Corporation, CommScope Holding Co. Inc., Cisco Systems, Inc., CA Technologies, and ABB Ltd.
Structured Cabling Market Key segments:
Structured Cabling Market, By Solution Type:
- Copper Cables
- Fiber Optic Cables
- Communication Outlets
- Patch Panels & Cross Connects
- Patch Cords & Cable Assemblies
- Racks & Cabinets
- Installation & Consultation
- Managed Services
- Maintenance & Support
Structured Cabling Market, By Industry Vertical
- IT & Telecommunications
- Residential & Commercial
Structured Cabling Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America