The global structured cabling market size is expected to value at USD 14.3 billion by 2025, during the forecast period. The market is subject to witness substantial growth due to the rising demand for the latest technological solutions to monitor a vast set of real-time data that often leads to delays and latency issues in the network. Structured cabling systems allow high data transfer rates that help to minimize delays and completely avoid latency issues.
The existence of high-speed networks in different regions of the globe is one of the key reasons associated with the widespread use of structured cabling systems, leading to consistent growth of the market during the forecast period. Moreover, the expansion of widespread broadband networks and increase in the number of data centers are escalating market reach in recent years. Globally, the structured cabling market is predicted to grow at a CAGR of 7.6% in the forecast period, providing numerous opportunities for market players to invest in research and development in the structured cabling market.
Application of the structured cabling systems varies across different verticals such as government agencies, industrial sector, information technology and telecommunications sectors, domestic, and commercial sectors. The information technology and telecommunications verticals are showcasing significant market growth due to the merging of various technologies in the data centers to assist the transmission of data.
The rise in the usage of mobile internet involving high-speed connectivity is projected to escalate the growth of the market. A regular increase in the number of internet consumers coupled with advancement in digital services is spiraling the consummation of large chunks of critical data by businesses for further processing, which is also propelling the growth of the market over the forecast period.
Growing emphasis on price and time management services, increasing adoption of real-time data, the requirement for automation in business processes, and rising competition are key factors bolstering demand for structured cabling solutions. Though, the growing cost associated with the use of fiber optic cables, compatibility issues with existing network infrastructure, and escalating copper prices are limiting the expansion of the structured cabling market.
A structured cabling system constitutes cabling systems and a complete set of associated hardware to offer distributed network infrastructure. The network infrastructure is responsible for providing various services similar to telephone facilities and the transmission of data via a computer network. A structured cabling system is considered device-independent. The functionalities associated with the use of structured cabling systems start at the place where the service provider (SP) terminates a request, such a point or place in the network is often referred to as a demarcation or network interface device (NID).
A structured cabling system commonly consists of network entrance points, vertical and horizontal routes & cables, area-wise outlets, equipment areas, communications joints, cross-connecting facilities, and transition points. Numerous benefits offered with the adoption of structured cabling systems are high in reliability in regards to the design and installation, compatibility with physical and communication channels, scalability, and uniformity in performance.
The structured cabling system is implemented in various networking facilities such as a small-scale area similar to domestic households or enterprise buildings also referred to as a local area network (LAN). Numerous market players are jointly venturing in further research and development of structured cabling systems to achieve high data transfer rates to maximize profit margin.
The structured cabling market is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise adoption of the latest technologies and to sustain existing network infrastructure. Asia-Pacific region is predicted to hold a major market share in the structured cabling market with massive growth in the forecast period. Countries such as China, Japan, and India are leading the Asia-Pacific market with the growing use of broadband services and increasing investment by leading industry players due to potential opportunities in the region.
The key players in the structured cabling industry are ABB Systems, Belden Incorporations, CommScope Holding Incorporations, Corning Inc., Furukawa Electric Corporations, Legrand Co., Nexans Inc., and Schneider Electric Co.
Market Segment:
Structured Cabling Product Type Outlook (Revenue, USD Million, 2014 - 2025)
• Copper Cables
• Fiber Optic Cables
Structured Cabling Application Outlook (Revenue, USD Million, 2014 - 2025)
• LAN
• Data Center
Structured Cabling Vertical Outlook (Revenue, USD Million, 2014 - 2025)
• Government
• Industrial
• IT & Telecommunications
• Residential & Commercial
• Others
Structured Cabling Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• the U.S.
• Canada
• Europe
• Germany
• the U.K.
• Rest of Europe
• the Asia Pacific
• China
• Japan
• RoW
Research Support Specialist, USA