• Stacy Lawlor

Global Structured Cabling Market Size to grow USD 17.4 Bn in 2028

Structured Cabling Market is projected to grow USD 17.4 Bn in 2028, at a CAGR of 6.2%.

Structured Cabling Market

The Global Structured Cabling Market Size was valued at USD 12.2 Bn in 2021. The market is projected to grow USD 17.4 Bn in 2028, at a CAGR of 6.2%. The global structured cabling market is expected to rise due to increased demand for high-speed connection devices systems, data center expansion, and growth in demand for structured cabling as a result of technological improvements.

Structured Cabling Market

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A major driver driving market expansion is the increasing usage of structured cabling for high-speed networks in a variety of commercial, industrial, and residential applications. This tendency is expected to continue in the future years. Real-time data exchange, which necessitates speedier and continuous data transfer, is projected to emerge across a variety of verticals. The demand for data, voice, and video signal convergence is being fueled by the rise of advanced internet protocol (IP) such as Voice over IP (VoIP), IP-based security systems, and IP videoconferencing.


During the projected period, the worldwide structured cabling market is likely to be driven by the rapidly expanding IT & telecom sector, as well as rising need for high bandwidth. The demand for high-speed connectivity devices and systems is projected to fuel the data centre convergence trend. The structured cabling market is expected to grow as more money is invested in developing communication infrastructure. Because of the fast expansion of communication infrastructure, there is a growing demand for converged data centre solutions. Furthermore, due to the growing number of telecom subscribers who require a high-speed Internet connection on a constant basis, there is an increasing demand for infrastructure upgrades. The expansion of the structured cabling market is due to this cause.


The demand for structured cabling is being driven by increased government measures to promote industrial businesses, as well as a significant presence of manufacturers operating in the structured cabling market. To keep ahead of the competition and obtain profitable avenues throughout the pandemic, top industry participants in the structured cabling market are focusing on delivering high-quality cable and connectivity services.

Structured Cabling Market

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The software segment has dominated the market share in 2020 owing to network infrastructures are becoming more sophisticated. As a result, businesses prefer software solutions to construct a virtual network infrastructure and test it for proper voice and data transmission. The category 6 segment has witnessed largest market share of the global structured cabling market owing to majorly used cable type across various verticals and gives significant performance increases over category 5 and 5e. The IT & telecommunications segment is witnessing the largest market share of global structured cabling market owing to the growing infrastructure development in the communication industry. The North America region held the largest market share in 2021 and is expected to maintain its dominance over the forecast period owing to the growing smart cities project and adoption of smart home infrastructure in the emerging countries is propelling the growth of global structured cabling market. Moreover, the presence of key players is driving the growth of structured cable products and solutions across the region.


KEY INDUSTRY DEVELOPMENTS:

January 2022- Panduit Corp has launched RapidID network mapping system which automates the labor-intensive and error-prone cable documentation process to reduce the risk of a network outage.


December 2021- R&M expanded their production capabilities of fiber optic cables in Děčín, Czech Republic.


November 2021- Nexans has announced Mobiway Un’Reel solution offers a set of benefits to cable installers around the world and will simplify the installation process, using smarter cabling to make the process easier, quicker, safer, and cost-efficient.


Read More Details On This Report:

https://extrapolate.com/Information-Technology-Communication-IoT/structured-cabling-market/25626


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