Structured Cabling Market Projected to be Valued at US$ 22.76 Billion by 2031, TMR Study

Thursday, 10 November 2022 01:33 PM

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Company Update

WILMINGTON, DE / ACCESSWIRE / November 10, 2022 / Transparency Market Research Inc. - Increasing investments for advancing infrastructures in telecommunications industry and rising customer requirement for faster internet connectivity are key drivers for the structured cabling market. Rising subscriber numbers in the telecommunications industry are compelling the telecom operators to upgrade and enhance their existing network infrastructures. This trend is expected to bode well for the market. The structured cabling market is estimated to register growth at a CAGR of 7.25% over the forecast period of 2021 - 2031, states a recent research report.

Transparency Market Research inc., Thursday, November 10, 2022, Press release picture

Emergence of new technologies, including cloud computing, IoT, artificial intelligence or AI, and 5G, is prompting operators in the data center sector to evolve continuously. This creates a need for establishment of new age structured cabling systems that can effectively handle the shifting requirements of data centers. This trend is also expected to bolster the growth within the structured cabling market in coming years.

Increasing demand for uninterrupted flow of data for commercial as well as residential applications in several developed and developing countries is also boosting the structured cabling market. Fiber optic cables remain unaffected by EMI or electromagnetic interference, making them a great substitute for conventional cable modems. These fiber optic cables also offer high data transmission speeds, making them a lucrative solution for industrial, as well as commercial IT infrastructures.

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Structured Cabling Market - Key Findings of the Report

  • Rising Adoption of FTTP or FTTH Solutions: Acceleration of urbanization has led to an increased need for rapid connections, such as fiber-to-the-premises or FTTP and fiber-to-the-home or FTTH, in semi-urban, as well as urban areas. This trend is also bolstered by the rising usage of broadband internet connections, owing to the rising need for speedy transmission of data.
  • Growing Demand from IT & Telecom Sectors: Rising requirement of converged data center operations, owing to the fast-paced growth of the telecommunications infrastructures in developing nations, is anticipated to drive the expansion of the structured cabling market. Changing needs of data center operators, due to the advent of new technologies, like cloud computing, AI, and 5G, have also led an additional requirement for installing well-planned next-gen structured cabling systems.

Structured Cabling Market - Growth Drivers

  • Advancements in IT and telecom sectors, and increasing demand for upgrading existing telecom infrastructures aid in the expansion of the structured cabling market
  • Growing deployment of structured cabling solutions for development of efficient and fast internet network infrastructures for residential, industrial, and commercial applications generates growth opportunities
  • Fast pace of urbanization in developing nations boosts demand in the structured cabling market

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Structured Cabling Market - Key Players

Key companies working in the structured cabling market are Nexans S.A., Legrand, CommScope, and Panduit Corp. Market players are engaged in designing new types of cost-effective structured cabling products to attract a large base of consumers. In addition to developing new and high-quality products, players are also focusing on extending their respective service arms to achieve a competitive edge in the market.

Structured Cabling Market - Regional Growth Dynamics

North America leads the structured cabling market, due to the rapid modernization and digitalization, as well as increasing need for uninterrupted internet connectivity. Moreover, rising implementation of smart home technologies, as well as expansion of regional construction industry, is also expected to thrust growth within the North America structured cabling market in coming years. Rising adoption of new and emerging IT and connected technologies also contributes to steady growth of this regional market.

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Structured Cabling Market: Market Segmentation

Structured Cabling Market, by Solution Type

  • Product
  • Service
  • Software

Structured Cabling Market, by Cable Type

  • Category 5E
  • Category 6
  • Category 6A
  • Others (Category 7, Category 7A, etc.)

Structured Cabling Market, by Industry Vertical

  • IT & Telecommunication
  • Residential & Commercial
  • Government & Education
  • Automotive & Transportation
  • Industrial
  • Others (BFSI, Healthcare, etc.)

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