Structured Cabling Market Overview, Outlook, Size, Share, Demand 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Structured Cabling Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The structured cabling market size has grown strongly in recent years. It will grow from $13.38 billion in 2023 to $14.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth in data center deployments, increasing internet penetration, office network upgrades, focus on energy efficiency, .

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..

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Market Drivers and Trends:

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.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

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.

Structured Cabling Market 2024 Key Insights:

• 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%.
• Elevated Demand For High-Speed Connectivity Driving Growth In The Structured Cabling Market
• Innovative Solutions And Product Launches Driving Growth In The Structured Cabling Market
• North America was the largest region in the structured cabling market in 2023

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