Why Structured Cabling Market is growing rapidly? IBM, Anixter, Belden Inc., CA Technologies, Cisco, CommScope, Corning Incorporated, Legrand, Nexans, Schneider Electric, TE Connectivity
Rising technological advancements in addition to adoption of product innovation as a strategy, have facilitated product demand in recent years. For Instance, in March 2019, Legrand unveiled a new high-speed structured cabling offering called LCS3 system that uses both fiber optic and copper solutions to provide greater scalability, reliability and efficiency to networks.
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With the implementation of efficient structured cabling systems, the cable management segment will gain commendable traction in structured cabling market over the forecast period. Just like efficient cooling systems, data centers demand effective cable management solutions as they help in tacking some of the most pressing challenges faced by network and IT technicians. Without effective cable management solutions, data centers are at a constant risk of exposing cables to high fatigue rates, face difficulty in identifying cables and are also more susceptible to issues while updating or upgrading a certain networks.
The increasing adoption of several digital services as well as the growing population of internet users has been augmenting data center demands across the world, which is in turn fueling structured cabling market growth. The world is becoming increasingly more digital & connected - indeed, according to a Cisco Visual Networking Index, the annual IP traffic across the world would be reaching the 3.3 zettabytes (ZB) mark by year 2021 and would be increasing more than threefold over the coming five years, driving extensive demand for data centers.
Moreover, increasing high-speed connectivity demands of data center & device convergence would also be responsible for driving the market's growth. The industry is witnessing an increasing rate of adoption of coaxial & fiber optic cables to quench the high-speed connectivity demands. These cables boast of a significantly greater level of bandwidth & can transfer much larger amounts of data per unit of time in comparison to conventional metal cables, making them a must-have for modern networks and thereby driving structured cabling market further.
Asia Pacific structured cabling market accounted for over 20% of the industry share in 2018 and is likely to witness high growth rate over the forecast period, owing to swelling demands in the IT & telecom sector. The IT & telecom companies represent a major market share due to rapid implementation of the fiber optic cables and the emergence of latest 5G technologies, advancements that are expected to generate significant business opportunities for telecom firms, allowing them to gain revenues in the fixed broadband market and business-to-business (B2B) opportunities such as smart cities and IoT (Internet of Things).
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With robust proliferation of the IT & telecom sector, operators are increasingly focusing on implementing efficient cabling techniques like structured cabling to manage and maintain data center operations. The system helps in detecting and correcting issues more easily owing to the systematic arrangement of cables, further reducing time to resolve issues and increasing customer satisfaction. With the increased adoption of structured cabling, it is estimated that structured cabling market size will surpass $25 billion by 202
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