The global Structured Cabling Market size is projected to reach USD 14.3 billion by 2025, according to a study conducted by Grand View Research, Inc., recording a 7.6% CAGR during the forecast period. Need for advanced technologies has increased the generation of vast amounts of IoT data, which often causes delays and latency. Structured cabling systems help enhance data transfer speed, which further aids in avoiding delays.
Presence of a high connectivity network in regions
such as North America has facilitated widespread adoption of structured cabling
systems. Thus, the North American regional market is expected to witness
substantial growth over the forecast period. Additionally, an expanding
communication network architecture and rise in demand for data centers have
increased demand for structured cabling systems.
Structured cabling systems are used across various
verticals such as government, industrial, IT and telecommunications, residential,
and commercial. The IT and telecommunications segment is expected to exhibit
the highest CAGR owing to data center convergence in technologies supporting
data and voice services. Increase in usage of mobile Internet with high-speed
connectivity is also expected to drive market growth.
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Further key findings from the study suggest:
- The global structured cabling market is projected to expand at a
CAGR of 7.6% over the forecast period
- The fiber optic cables segment is estimated to reach around USD 4.2
billion over the forecast period owing to increasing importance of cloud
computing and high bandwidth applications
- The data center segment is expected to register a CAGR of around
8.0% over the forecast period owing to increasing demand for smart devices
and rising usage of mobile data
- Based on vertical, the IT and telecommunication segment dominated
the structured cabling market in 2016 and this trend is expected to
continue over the forecast period
- Currently, the North American region is leading the market and the
trend is expected to continue over the coming years, owing to rise in
demand for data centers and growth of communication network infrastructure
- Prominent players in the structured cabling market include ABB;
Belden Inc.; CommScope Holding Company, Inc.; Corning Incorporated;
Furukawa Electric Co., Ltd.; Legrand SA; Nexans; Schneider Electric; and
Siemon.
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