The structured cabling system is a set of cables and associated hardware that provides comprehensive telecommunication infrastructure for a variety of management systems. Furthermore, this vast telecommunication infrastructure enables the transmission of data, video, and voice signals from one device to another or from one point to another through a communication network. Furthermore, different types of cables and connecting devices are used for the installation and connections to create a well-organized network link.
Different types of cables and connecting devices for the connections, software and services for installation, maintenance monitoring, and designing are all necessary for the establishment of a well-organized network link. The global structured cabling market is expected to grow rapidly as communication networks are the backbone of any infrastructure and the demand for advanced and fast communication techniques has been steadily growing in the global market.
Major Trends and Developments in Structured Cabling Market
An increasing number of data centers is anticipated to fuel the growth of the global structured cabling market over the forecast period. The demand for structured cabling in data centers is increasing owing to the increased amount of data generated and used by companies from various sectors. Companies such as Facebook and Google require a huge amount of data to be stored owing to which the necessity to have a highly organized data center is essential to manage it effectively.
The rising adoption of high-speed internet, such as 5G, and growing demand for cloud computing are key factors projected to fuel demand for structured cabling. Furthermore, the COVID-19 pandemic has prompted the use of telehealth facilities. As a result, the use of structured cabling in the healthcare sector has increased.
Residential and commercial industries, Government organizations, IT & telecommunication, military & defense industry, healthcare sector, industrial applications, and transportation are some of the applications that come under the global structured cabling market. Among all these, the IT and telecommunications segment is projected to account for the largest share. Higher demand for cabling structure service and its numerous products from data centers are the primary reason for the IT & telecommunication segment’s highest market share.
Regional Scenario for Structured Cabling Market
North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa are the five major regions that make up the global structured cabling market. Among all these regions, North America held the largest market share and is anticipated to retain its dominance in the near future. The United States is projected to be the region’s largest revenue contributor.
The growth is attributed to the increasing presence of leading companies such as Molex, LLC, Broadcom, and Corning Inc. Asia Pacific region is projected to expand at a significant rate. The increasing adoption of digitalization in major developing countries such as India and China contributed to a substantial growth of the region. A rise in digitalization activities is fueling the adoption of data centers in these Asian countries, which in turn augmenting the market growth.
Leading Companies Holding Dominance over Structured Cabling Market
The structured cabling market is highly competitive and fragmented owing to the presence of some of the prominent players such as Corning Incorporated, ABB, Furukawa Electric Co., Ltd., Legrand SA, Schneider Electric, CommScope Holding Company, Inc., Belden Inc., and Siemon.
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