Structured Cabling Market Insights, Scope And Forecast By 2031

Posted by Anup Kumar on February 18th, 2021

Rapidly rising demand for higher network bandwidth coupled with remarkable penetration of 5G technology has skyrocketed the popularity of structured cabling significantly in the past years. Structured cabling is highly supportive for future upgrades, and has the perks of reduced installation time, cabling bulk, and congestion. As such, demand for structured cabling from the IT & telecommunication, commercial, industrial, and other industries is surging. According to Fact.MR, the global structured cabling market is forecast to expand at an impressive CAGR of over 7% through 2031.

This Press Release will help you to understand the market Statistics of the European Region.
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According to the European Commission (EC), the international cableways industry is dominated by EU companies, which account for 90% of the industry worldwide. While 5G deployments are widening the scope for structured cabling manufacturers, steady growth of the IT& telecommunication industry is further fueling the sales of suppliers. As per the report “U.S. Telecom Industry Metrics & Trends 2020” published by the United States Telecommunication Organization, targeted government financial support for broadband and favorable regulatory policies have encouraged more than US$ 1.7 trillion investment from 1996 to 2020, which is rising steadily, creating new scope and opportunities. As key industries are projected to exhibit promising growth, structured cabling manufactures are optimistic about increasing their sales footprint over the coming years.

Key Takeaways from Structured Cabling Market Study

• The global market for structured cabling registered a growth of around 7% in 2020-2021, and will sustain this healthy pace over the coming years.
• Hardware structured cabling solutions are anticipated to drive the market, holding around three-fourth market share.
• The IT & telecommunication industry remains the leading vertical for the structured cabling manufacturers, with a projected share of around 43% through 2031.
• The United States, the epicenter of the largest structured cabling market of North America, will remain in the spotlight, accounting for close to 90% share of this attractive regional market.
• The United Kingdom and France will remain at the forefront across the structured cabling market in Europe, with over one-third of demand share.
• APEJ (Asia Pacific excluding Japan) will emerge as another lucrative market for structured cabling, and will register the highest growth over the next ten years. China will account for around one-third of the demand in APEJ.

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“With the datacenter industry being on an upward trajectory, requirement for managing large volumes of data has grown rapidly over the past decade. Backed by heavy investments and emergence of modular centers, future of the structured cabling market is highly lucrative,” says a Fact.MR analyst.