Published: Apr, 2018
A number of players in the global structured cabling market are focusing on launching advanced solutions to meet the modern needs of the corporate sector, in order to gain a competitive edge over others, finds Transparency Market Research (TMR). Some of the players holding prominent position in the market are Belden Inc., Corning Inc., Schneider Electric SE, CommScope Holding Company, Inc., and Legrand.
The various applications of structured cabling comprise commercial, residential, government, industrial, and transportation. Of these, the commercial segment leads the pack contributing the dominating share in 2014 and is projected to rise at a CAGR of 7.1% during the forecast period of 2015–2021. The substantially rising need for higher bandwidth in commercial sector for data transmission is bolstering the uptake.
Regionally, North America accounted for the leading share of the global market in 2014. However, taking into account the mature nature, the regional market is expected to rise at a lackluster growth over the forecast period. Europe stands as the second contender. The rising demand for the structured cabling in the region is driven by the need for bringing efficiency in electricity consumption and reducing carbon emissions in its various economies.
Demand for Reliable Comprehensive Telecommunications Infrastructure to bolster Uptake
The substantial need for cost-effective and reliable comprehensive telecommunications infrastructure that can help businesses meet a wide variety of communication requirements is a key underpinning to the demand for structure cabling. World over, the extensive demand for structured cabling infrastructure to address the burgeoning requirement of high bandwidth in enterprises is a primary factor driving the market. The need for high bandwidth among organizations in various industries is attributed mainly for increasing IT scalability and boost growth.
The intensifying need for modern network infrastructure among businesses is bolstering the demand for structured cabling. The demand for organized cabling system is prominent in the corporate sector who are focused on developing new services. The need for enhanced flexibility is also expected to fortify the demand for structured cabling. The striking flexibility to adapt to any network infrastructure changes for enterprises is an attractive proposition for the adoption of structured cabling.
Residential Sector to serve Extensive Demand for Structured Cabling Infrastructure
The presence of modular design and the reduced risk of downtime and easy upgrades possible with structured cabling are benefits bolstering the demand for structured cabling. A growing number of businesses in the residential sector are adopting structured cabling to take advantage of modular design and future proof their investment. Residential sectors need regular upgrades, retrofits, and modifications in the installed telecommunications infrastructure. This is bolstering the uptake of structured cabling in the residential sector.
The expansion of data centers to support easy deployment of new services is catalyzing the demand for structured cabling. The need for supporting all emerging business applications is opening up lucrative demand for structured cabling in the market. The error-free transmission of data enabled by structured cabling is also providing a compelling proposition boosting its demand.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Structured Cabling Market (Application – Commercial, Residential, Government, Industrial, and Transportation; Solution Type (Hardware (Copper Cable, Fiber Cable, Patch Panels, Racks and Cabinets, and Cross Connects), Software, and Service)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021.”
- The demand for addressing the needs for high bandwidth in businesses world over is a notable factor driving the market
- The residential sector is expected to account for an extensive demand for structured cabling.
The global structured cabling market is segmented based on:
- Copper Cable
- Fiber Cable
- Patch Panels and Cross Connects
- Racks and Cabinets
- North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East
- Latin America
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