The global structured cabling market is growing at a progressive rate with a significant number of players operating in the market, states a research study by Transparency Market Research (TMR). The leading players in the global structured cabling market, namely ABB Ltd, Siemon Company LLC, Nexans S.A, and Corning Inc. are focusing on product innovation in order to sustain in the competitive environment. In addition, these players are spending heavily on research and developing activities to introduce innovative products and gain a competitive edge in the global market. With a vision to boost their sales, these players are emphasizing on maintaining quality standards, which will also help them create a brand name in the near future.
According to the research study by TMR, the global market for structured cabling is estimated to reach a value of US$11.45 bn by the end of 2021 and register a progressive 7.10% CAGR between 2015 and 2021.
Enhancement of Telecommunication Infrastructure to Bolster North America Structured Cabling Market
From a geographical viewpoint, North America is projected to grow at a swift pace throughout the forecast period, says a TMR analyst. The rapid development of telecommunications infrastructure is encouraging the growth of the North America structured cabling market and is expected to account for a share of 36.80% by the end of 2021. In addition, the presence of a large number of data centers and the increasing internet penetration are driving the demand for structured cabling with higher bandwidth. These factors are anticipated to boost the structured cabling market in North America.
On the basis of application, the commercial segment is anticipated to lead the global structured cabling market and reach a value of US$4.01 bn by the end of 2021. This segment is projected to account for a share of 35.0% share in the global market by 2021, owing to the expansion of the telecommunications and IT industries across the globe. The growing demand for higher bandwidth in data centers is also expected to propel this segment in the next few years.
Rising Trend of Data Center Convergence Expected to Gain Momentum
The growing demand for high-speed bandwidth to facilitate faster data transmission in diverse applications is one of the key factors estimated to fuel the growth of the global structured cabling market throughout the forecast period, says a TMR analyst. In addition, rapid economic development in several emerging nations is expected to drive the demand for structured cabling across the globe. The rising trend of data center convergence and the substantial growth of the LED lighting systems market are also augmenting the market’s growth.
The expansion of communication infrastructure and the rising adoption of FTTH/FTTP are some of the other factors anticipated to encourage the growth of the overall market in the next few years. Moreover, the latest practice of upgrading existing cabling systems along with new installations to acquire reliable and fast network connection is likely to bolster the market.
High Cost of Fiber Optic Electronics to Inhibit Market Growth
The volatility of copper prices and expensive fiber optic electronics are the key factors restricting the growth of the global structured cabling market. In addition, the poor electromagnetic compatibility in structured cabling is estimated to curtail the growth of the overall market in the next few years. Nonetheless, the shift to IP-based video surveillance systems from analog systems is estimated to generate potential opportunities for market players in the near future.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Structured Cabling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2021.”
The global structured cabling market has been segmented as below:
Global Structured Cabling Market, by Application
Global Structured Cabling Market, by Solution Type
Global Structured Cabling Market, by Geography
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