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The structured cabling market is likely to occupy a CAGR of 10% during the forecast period. The market is projected to be valued at US$ 10.67 Bn in 2022 and likely to a size of US$ 27.68 Bn by 2032.
Attributes | Details |
---|---|
Structured Cabling Market CAGR (2022 to 2032) | 10% |
Structured Cabling Market Value (2022) | US$ 10.67 Billion |
Structured Cabling Market Value (2032) | US$ 27.68 Billion |
The demand for structured cabling is rising due to the growing telecommunication infrastructure, optical cabling, and fast networking system during the forecast period. In addition, the rising customers, demand for high-speed networking devices, and development of 5G technology are likely to increase the structured cabling market share in recent years. Moreover, the end-use industries such as telecommunication, IT, commercial, residential, automation, government, defense, and oil & gas, among others, are likely to propel the structured cabling market size.
The rising data centers and demand for wireless networking are increasing the structured cabling market trends during the forecast period. On the other hand, the top companies are likely to increase the adoption of structured cabling due to providing services, advertising, software installation, monitoring data, and designing during the forecast period.
Moreover, the rising demand for optical fibers cabling, bandwidth demand, and high adoption of automation are increasing the structured cabling market trends during the forecast period. In addition, rising time management, IoT, and growing digital services are flourishing the market growth during the forecast period.
Based on service type, the market is categorized into installation & consultation, maintenance & support, and software & management service. The installations & consultation service is likely to dominate the market by securing the maximum share during the forecast period due to rising numbers of data users and rising high technologies in recent years.
Based on applications, the IT & communication sector is likely to dominate the global structured market size during the forecast period. Due to the growing demand for cabling structure service and its product from data centers and telecom providers.
Based on region, North America dominates the market by registering a higher share during the forecast period. Moreover, the presence of key vendors in the market is growing the market products which is accelerating the demand for structured cabling in the region.
The key market players are playing a crucial role in the global market by focusing on the consumer's demand during the foreseen time. These players are innovating better products, and executive plans to upsurge the market size by acquiring the lion's share in recent years. Their marketing methodologies and sufficient knowledge uplift the market to another height. Some of the marketing tactics adopted by them are mergers, acquisitions, collaborations, partnerships, product launches, and agreements, among others.
Structured cabling system is defined as the combination of set of cables & associated hardware used to provide comprehensive telecommunication infrastructure to various management systems, this telecommunication infrastructure enables the transmission of data, voice & video signal through a communication network from one point to other or from one system to another system.
For the establishment of well-organized network connection, different types of cables & connecting devices for the connections, services & softwares for installation, maintenance monitoring & designing are required.
As the communication network is the backbone of any infrastructure & the need for advanced and fast communication technique has continuously been increasing in the global market, hence the global structured cabling market is expected to show the growth during the forecast period.
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The key trends of global structured cabling market is the increase in demand of optical fibers cabling market in the industries because of its ability of higher speed data transfer. The key drivers responsible for the growth of global structured cabling market are drastic rise in internet penetration, 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.
On the flip side there are also some key restraints which are inhibiting the growth of global structured cabling market & framed as; poor electromagnetic compatibility impedance tolerance of Unshielded twisted pair cable because of which efficiency of communication decreases, high cost of optical fiber cable and its components, fluctuations in the price of copper, compatibility issue of older communication infrastructure with the new ones & also the price issue among cable vendors because of higher competition.
Segmentation of the global structured cabling market is done on the basis of product type, service type, applications & Geography. On the basis of product type, global structured cabling market is segmented as cables (Optical Fiber Cable & Copper cable), communication outlets, patch panels & cross connects, racks & cabinets, patch panels, cables accessories & some tools used up in the installation.
By service type global structured cabling market is segmented as installations & consultation, maintenance and support, software & managed service.
On the basis of applications, the segmentation of global structured cabling market is done as; in residential & commercial sectors, IT & telecommunication, Government organization, military & defense sector, industrial applications, healthcare sector, transportation & others.
These segments further be sub segmented as; telecom operators & datacenters are the sub segments of IT & telecommunication. Energy & power, oil & gas, metals & mining, Food & beverages come under the industrial segments. Among all the segments, IT & telecommunications segment is expected to cover highest market share of global structured cabling market.
The reason behind highest market share of IT & telecommunication segment is higher demand of cabling structure service and its product from data centers and telecom providers.
Geographically, the global structured cabling market is segmented into seven regions, North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific (excluding Japan), Japan as a separate region and Middle East & Africa. North America is expected to holds the highest market share of global structured cabling market the reason behind this is the expansion of communication network architecture and also the data center convergence.
The key players of the global structured cabling market are Nexans S.A., CommScope, Inc., Schneider Electric SE, Panduit Corp., Legrand, Belden, Inc., Corning, Inc. ABB Ltd., Panduit Corp., Siemon, Teknon Corporation & others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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