Structured Cabling Market Demand, Industry Size, Top Players, Opportunities
Posted by shweta raj on March 25th, 2021
Global Structured Cabling Market, By Wire Category (Category 5e, Category 6, Category 7), By Application (LAN & WAN), By Product Type (Copper, Co-Axil), Product Type (BFSI, Automotive) - Forecast 2023
Overview
Growing demand of Ethernet networks is also one of the major factor for the growth of structured cabling market. These cabling are widely being used for wiring different kinds of electronic devices that includes access control, IP camera and others where these cables are extensively being used. Furthermore, the increase in the demand of the POE (Power over Ethernet) and demand of bandwidth is also boosting the global structured cabling market. According to the study, the United Nations International Telecommunication Union estimates approximately 3 billion internet user by 2014, who are involved in streaming video to online gaming. According to a recent study report published by the Market Research Future, The global market of Structured Cabling Market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The telecommunication infrastructure serves a wide range of application that includes data and video transmission via computer network or telecom service. The rise in internet penetration along with the high speed of internet connectivity tends to be the major driving factor for the growth of this market.
The telecommunications industry was the largest contributor to the global structured cabling market in 2015. The market revenue through commercial and industrial sectors is also expected to increase at a considerable pace. Asia-Pacific is expected to be the most significant region in terms of investment in structured cabling market, due to its large market size and high growth rate as compared to North America.
The factors such as increasing adoption of cloud service across the globe acts as a major restraining factor for the growth of the structured cabling market. In addition, by the global proliferation of smartphones and applications like on-demand video, the need for data center space continues to increase which will significantly supports for the growth of this market.
Key Players:
CommScope, Inc. (U.S.), Nexans S.A. (France), Panduit Corp. (U.S.), Legrand (France), Corning, Inc. (U.S.), Belden, Inc. (U.S.), ABB Ltd. (Switzerland), Schneider Electric SE (France), Teknon Corporation (U.S.), The Siemon Company (U.S.). are some of the prominent players at the forefront of competition in the Global Structured Cabling Market and are profiled in MRFR Analysis.
Industry News
October 25, 2017- CommScope is offering an In-building Wireless Sales Specialist authorization to current North American structured cabling installer partners in its PartnerPRO Network. In-building Wireless Sales Specialists are authorized to offer CommScope’s innovative digital distributed antenna system (DAS) solutions to customers, provide solution pricing, and design and install the supporting in-building wireless infrastructure. The new partner authorization is all about enabling enterprise ecosystem that includes hundreds of cabling installer companies to better serve their customers by knowledgably consulting about wireless solutions. CommScope has developed in-building wireless solutions specifically for the enterprise, and we expect our partner network to serve as a significant sales channel for them.
October 3, 2017- Panduit receives Platinum, Gold and Silver -level 2017 Innovators Awards from Cabling Installation & Maintenance. The Platinum-winning OptiCam 2 tool was launched earlier this year by Panduit, a leading global provider of network infrastructure solutions. The simple-to-use tool helps fiber installers by making fiber terminations fast, easy, and foolproof. An on-tool screen walks users through a simple three-step termination process and delivers a calculated insertion loss so installers immediately know they have a good connection. A companion mobile app captures and delivers robust project data.
September 26, 2017- Corning Incorporated announced that three of its innovative optical communications products received gold-level awards at the annual Cabling Installation & Maintenance Innovators Awards program. Corning’s EDGE solutions, ALTOS cable with binderless, fastaccess technology, and altos cable with fast access technology, were recognized by a judging panel consisting of cabling and communications system specifiers, designers, integrators, and managers with vast professional experience.
Competitive Analysis
The market of Structured Cabling market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Segmentation
The Structured Cabling market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
Segmentation by Wire Category: Comprises category 5e, category 6, category 6A and category 7
Segmentation by Application: Comprises local area network (LAN) and wide area network (WAN).
Segmentation by Product Type: Comprises Copper Wire, Co-axial Wire and Fibre
Segmentation by End-User: Comprises IT & Telecommunication, Residential & Commercial, Government, Transportation, Industrial and Others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis
North America is dominating the global structured cabling market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022. The intense research and development in the field of telecom industry technology related to network expansion, high penetration of Internet of Things, and growth of a number of IoT and cloud related technology in the region. The region also has existence of technologically advanced countries such as U.S. and Canada which are promoting the application related structured cabling market. Europe has been benefitted mainly due to the extensive initiatives taken by government. Whereas, Asia Pacific market is expected to witness the fastest growth due to increasing awareness among individual, and development of technology hubs in the region. Various, government initiatives such as development of smart cities and smart homes also supports the growth of structured cabling in the region.
Browse Full Report @ https://www.marketresearchfuture.com/reports/structured-cabling-market-2266
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