Structured Cabling Market 2018 by Global Leaders: TE Connectivity, Hitachi Cable America, CommScope Inc, Legrand SA, Panduit

Structured Cabling Market Overview:
The structured cabling industry has diversified significantly due to rising usage of internet services and providers. Market Research Future which concentrates on market reports related to Information and Communications Technology sector amongst others recently made available a report on this sector. The industry is estimated to attain revenues worth USD 17,181.2 million in terms of market value by the year 2022 while evolving with a 10.0% CAGR through the forecast period.

The Structured Cabling Market has been booming due to access cameras, IP cameras and several other applications. The widespread development of the cloud market has also provided more avenues for growth of the market. The rising number of applications in various sectors such as retail, large warehouses and e-commerce have increased the pace of the market growth. Increased rate of internet penetration is also one of the motivating factors for the development. High rate of internet automation adoption has further contributed to the growth of the market.

Major Key Players:
The distinguished companies in the industry are TE Connectivity (Switzerland), Hitachi Cable America, Inc. (U.K.), CommScope Inc. (U.S.), Legrand SA (France), Panduit (U.S) and Corning, Inc. (U.S.).

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Industry Segments:
The segments for the structured cabling market has been divided into the following segments:
By Wire Category: Category 5e, Category 7, Category 6a and Category 6. The category 6 is controlling the sector and is projected to develop with 10.77% CAGR.

By Application: WAN & LAN. WAN accounts for the main market portion and is mounting with an 11.13% CAGR through the forecast period.

By Product Type: Co-axil, segmented copper and fiber. The copper wire segment is leading the sector and will achieve a 10.24% CAGR in the forecast period.

By Industry: BFSI, IT & Telecommunication, commercial, automotive, industrial and others. The IT & Telecommunication sector is leading the market and will diversify with an 11.07% CAGR.

Detailed Regional Analysis:
The industry for structured cabling covers regions such as North America, Asia pacific, Europe and Rest of the World. The industry in North America is among the foremost regions in the world in relation to the market part in structured cabling industry owing to the intensive penetration of Internet of Things concept, and rise in the number of IoT and cloud related technology applications in the region. The Europe region’s structured cabling segment is anticipated to observe prompt progress in the approaching period. While, the Asia-Pacific nations such as Japan, China and India are developing segments for this industry and expected to be the maximum CAGR generators in the coming years owing to growing awareness among individuals and growth of technology hubs.

Global Competitive Analysis:
The products which are on offer currently differ importantly due to the strong pace of technological discoveries. This has raised the chances for the approaching growth period. The companies in this industry space are connecting their resources to achieve their vision for achieving considerable portion of the business as early as possible. This consequence is productive for firms so that they may maintain fiscal liquidity to take the best decisions in terms of strategy execution and planning. The profitable prospects available in this market are being utilized by contenders who are trying to spread their market coverage by centered development which will prove to be ideal for the evolution of this business sector.

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Industry Updates:
Feb 2018 Legrand, Central & North America, along with their cabling partner Superior Essex, will showcase continuing support for the implementation of Intelligent Building standards. The established new ANSI/BICSI 007-2017 standard guidelines and approvals about the implementation and design of structured cabling systems as well as highlighting the unique application's requirements for Intelligent Buildings.

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This release was published on openPR.