Press release
Structured Cabling Global Market Expected to Witness $19.98 Billion with Impressive Growth at a 8.6% CAGR By 2028 | CommScope, Nexans SA, Legrand Group, Corning Inc., Belden Inc.
Structured Cabling Global Market
The structured cabling market size is expected to see strong growth in the next few years. It will grow to $19.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to advanced cable management systems, cybersecurity concerns and cable security, flexible and modular cabling solutions, enhanced physical layer security, global connectivity for remote collaboration.. Major trends in the forecast period include growing demand for higher bandwidth, deployment of fiber optic cabling, rise of multi-gigabit ethernet, increased focus on intelligent buildings, edge data center deployments, global standardization and compliance, sustainable cabling practices..
Market Overview -
Structured cabling refers to a full cabling system with related devices that offers a complete communications infrastructure. This infrastructure is used for a variety of purposes, including phone service and data transmission across computer networks. Structured cabling is defined as building or campus cabling infrastructure such as telecommunication cabling or ethernet cabling, a properly designed and installed structure cabling provides the infrastructure that delivers the flexibility to make changes to the cabling system, maximize system availability, and delivers predictable performance.
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Elevated Demand For High-Speed Connectivity Driving Growth In The Structured Cabling Market
The increasing demand for high-speed connectivity is likely to contribute to the growth of the structured cabling market. Structured cabling includes a set of cables and hardware that makes the telecommunication infrastructure and helps in transferring video, voice, and data signals from one point to another through a communication network in an enterprise. High-speed connectivity requires connected devices and cables for a smooth and high-speed network connection. For instance, the global over-the-top (OTT) players, where data transfer need is in the range of 100TB/sec, require around 3000+ fiber strand optical fiber cables minimum for one data center to meet the viewing demand of customers. According to the Cisco VNI Global IP traffic forecast 2017-2022, the data demand is growing rapidly at a CAGR of 26%. The growing demand for data increases the need for more fibers thus increasing the need for managing the fiber cables. Thus, the increasing demand for high-speed connectivity is projected to fuel the demand for the structured cabling market growth.
Competitive Landscape -
Major companies operating in the structured cabling market report are CommScope, Nexans SA, Legrand Group, Corning Inc., Belden Inc., Schneider Electric SE, Siemon, Panduit Corporation, Furukawa Electric, ABB Group, TE Connectivity, Superior Essex, Reichle & De-Massari AG, Hitachi Cable Ltd., Teknon Corporation, Brand-Rex, Paige Electric, Datwyler Cabling Solutions AG, Connectix Ltd., Electra Link Inc., VIA Technology, Network Cabling Services, Desert Communications, Xin Networks PTE Ltd., Synergy Solution, America Fujikura Ltd., Intelligent Business Technologies, Black Box Network Services, Vega Global, Broadcom Inc., Sterlite Technologies, ommScope Holding Company Inc., Corning Incorporated, Panduit Corp., Furukawa Electric Co. Ltd., The Siemon Company, ABB Ltd., Anixter International Inc., Cisco Systems Inc., Datwyler Holding Inc.
Innovative Solutions And Product Launches Driving Growth In The Structured Cabling Market
The companies operating in the structured cabling market are continuously focusing on developing new products to empower enterprises digitally and to generate higher revenues for the company. Hence, the launch of innovative solutions is gaining immense popularity in the structured cabling market. For instance, in July 2021, Sterlite Technologies, a Sweden-based company operating in digital networks, introduced NetXs, structured cabling solutions to deliver high performance in data transmission. NetXs is capable of providing high reliability with superior noise immunity to offer high headroom at both low and high frequencies.
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Key Segments -
The structured cabling market covered in this report is segmented -
1) By Product Type: Fiber Optic Cables, Copper Cables
2) By Application: LAN, Data Center
3) By End Use Industry: IT & Telecommunication, Residential & Commercial, Government & Education, Transportation, Industrial, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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