The 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 a substantial growth due to the rising demand for latest technological solutions to monitor vast set of real time data that often leads to delays and latency issues in the network. Structured cabling systems allows high data transfer rates that helps to minimize delays and completely avoids latency issues.
The existence of the high-speed networks in different regions of globe is one of the key reasons associated with the widespread use of the structured cabling systems, leading to consistent growth of the market during the forecast period. Moreover, expansion of widespread broadband network 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 CAGR of 7.6% in 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 the significant market growth due to the merging of various technologies in data center to assists transmission of data.
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Rise in the usage of mobile internet involving high-speed connectivity is projected to escalate growth of the market. Regular increase in the number of internet consumers coupled with advancement in digital services is spiraling consummation large chunks critical data by businesses for further processing, which is also propelling growth of the market over forecast period.
Growing emphasis on price and time management services, increasing adoption of real time data, requirement for automation in business processes, and rising competition are key factors bolstering demand for structured cabling solutions. Though, growing cost associated with the use of fiber optic cables, compatibility issues with existing network infrastructure, and escalating copper prices are limiting expansion of structured cabling market.
A structured cabling system constitutes cabling systems and complete set of associated hardware to offer distributed network infrastructure. The network infrastructure is responsible for providing various services similar to telephone facilities and transmission of data via a computer network. A structured cabling system is considered as device independent. The functionalities associated with the use of structured cabling systems starts at the place where the service provider (SP) terminates a request, such point or place in network is often referred 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 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 are implemented in various networking facilities such as a small-scale area similar to domestic household or enterprise buildings also referred as a local area network (LAN). Numerous market players are jointly venturing in further research and development of the structured cabling systems to achieve high data transfer rates to maximize profit margin.
The structured cabling market is divided into regional market segment 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 latest technologies and to sustain existing network infrastructure. Asia-Pacific region is predicted to hold major market share in the structured cabling market with massive growth in forecast period. Countries such as China, Japan and India are leading the Asia-Pacific market with 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.
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