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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https://www.grandviewresearch.com/industry-analysis/structured-cabling-market
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.
Grand View Research has segmented the
global structured cabling market based on product type, application, vertical,
and region:
Structured Cabling Product Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Copper Cables
·
Fiber Optic Cables
Structured Cabling Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
LAN
·
Data Center
Structured Cabling Vertical Outlook
(Revenue, USD Million, 2014 - 2025)
·
Government
·
Industrial
·
IT & Telecommunications
·
Residential & Commercial
·
Others
Structured Cabling Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
Rest of Europe
·
Asia Pacific
o
China
o
Japan
o
Rest of Asia Pacific
·
RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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