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Structured Cabling Market - Evolving Industry Trends, Key Insights 2031
Transparency Market Research delivers key insights on the global structured cabling market. In terms of revenue, the global structured cabling market is estimated to expand at a CAGR of 7.25% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global structured cabling market.The global structured cabling market is broadly affected by several factors, including increase in adoption of structured cabling by the IT & telecommunication Industry. Thus, expansion of the IT & telecom sector and increase in investment are expected to create significant opportunities for the structured cabling market.
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The demand for high-speed network for commercial, industrial, and residential applications has been increasing consistently. The need for real-time information, which requires faster and continuous transmission of data, is expected to arise in various verticals.
The trend of advanced Internet Protocol (IP) such as Voice over IP (VoIP), IP-based security systems, and IP videoconferencing is fueling the need for data, voice, and video signal convergence.
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The rise in demand for IP-based video surveillance systems & access control systems, expansion of network of intelligent transport systems, and higher penetration rate of smart homes are few key factors driving the structured cabling market.
North America held a prominent share of the structured cabling market. The presence of several key players in North America with a broad structured cabling product portfolio for various industries is driving the market in the region. The demand for structured cabling in Asia Pacific is likely to remain concentrated in China and Japan due to the rapid expansion of the IT industry and increasing government expenditure on infrastructure development in these countries.
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Key players operating in the global structured cabling market are Nexans S.A, CommScope, Panduit Corp., Legrand, Corning Inc., Belden, Inc., Schneider Electric, Siemon, Furukawa Electric Co., Ltd., and Reichle & De-Massari AG.
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