Structured Cabling Market Scope: —
The global market for structured cabling is expected to touch the valuation of USD 17,181.2 million by 2022, reveals Market Research Future (MRFR). The market could attain a healthy CAGR of 10.0% during the forecast period (2016-2022).
Hike in the adoption rate of intelligent technologies to make use of scalable and modular IT infrastructure in various business operations benefits the structured cabling market. A number of legacy facilities face issues when it comes to managing the order along with accessing the cabling infrastructure. This augments the demand for cable management products and solutions that can be easily installed and also provide simple and modular designs. Therefore, manufacturers are striving to satisfy these customer demands by offering advanced cable management solutions.
The fast-paced adoption of digital services coupled with the rising number of internet users, could boost data center demand, which is expected to favor the Structured Cabling Market. Cabling systems provide effective connectivity of IT devices and faster data transfer speeds, which reduces the chances of system failure and downtime. It helps elevate effectiveness in the decision-making process, thereby expanding business profits. Besides, mounting demand for high-speed connectivity of data center convergence is working in favor of the market.
Adoption of fiber optic as well as coaxial cables for high-speed internet connectivity is rising in the industry. Structured cables, compared to metal cables, have a higher bandwidth which enables vast amounts of information to be transmitted per unit of time. These advantages augment product demand, thereby driving market growth.
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Major Key Players:
The top players competing in the worldwide structured cabling market are Superior Essex (Georgia), Panduit (U.S), Legrand SA (France), Nexans S.A. (France), CommScope Inc. (U.S.), Belden Incorporated (U.S), Hitachi Cable America, Inc. (U.K.), Schneider Electric SE (France), ABB Ltd. (Switzerland), Corning, Inc. (U.S.), Siemon (U.S), Paige Electric (U.S), Brand-rex (Scotland), Teknon Corporation (U.S.), TE Connectivity (Switzerland), among others.
The global structured cabling market is split into wire category, application, product type, and industry.
The wire category consists of category 5e, category 6, category 6a, category 7 and others. Category 6 is believed to be the dominant segment in the market, having touched the valuation of USD 5,137.17 million in 2016. The segment is expected to attain a CAGR of 10.77% during the given timeframe.
Application-wise segments are specialty LAN and WAN. WAN controls the largest share in the market and is expected to grow at the rate of 11.13% CAGR during the appraisal period.
The market, depending on the product type, includes segmented copper, co-axil, and fiber. Copper wire is the leading segment. Its value in 2016 was USD 7,587.09 and can achieve a CAGR of 10.24% in the near future.
The industry segments are BFSI, IT & Telecommunication, industrial, commercial, automotive and others. IT & Telecommunication is at the top spot in the market and was estimated at USD 2,524.8 million in 2016. It could have a striking growth at the rate of 11.07% during the review period.
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