Telecommunications Industry Is The Largest Revenue Contributor To The Structured Cabling Market By 2022

- May 09, 2018-

The global structured cabling market is expected to grow at a CAGR of 5.8% forecast to 2022. Among the various products, copper cable contributed highest to the global structured cabling market.

The increasing number of data centers and demand for technologies, such as Wi-Fi, cloud computing and IoT, have been further elevating the need for standardized cabling solutions, such as structured cabling. To meet the escalating demand for structured cabling, the market players in this industry are introducing new products.

The unexplored market across the globe, including countries in Asia-Pacific, Latin America and Africa, is creating ample opportunities for the structured cabling market. The increasing number of data centers and demand for high speed internet networks have been spurring the market growth in these regions. Countries such as China, India and Brazil are expected to play a pivotal role in the growth of structured cabling demand.

Structured cabling is used widely in Wi-Fi services. Wi-Fi is expected to account for more than 60% usage of the global mobile data traffic by next five to six years. The demand for Wi-Fi services in developing countries is also expected to shoot up during the coming years, which is consequently expected to offer opportunities for the market.

The growing need for automation has been broadening the scope of IoT. However, robust IT infrastructure is required for efficient IoT solutions, which can be provided by structured cabling. The incorporation of IoT demands the carriage of real time data. The emergence of smart cities has been driving the IoT market, which is consequently propelling the structured cabling market.

Major Key Players -
CommScope, Corning Inc., Panduit Corp., ABB Ltd, Schneider Electric, Nexans, Belden, and Furukawa Electric.

Structured Cabling Market Segmentation:
• By Product Type
• By Wire Category
• By Application
• By Industry Vertical
• By Geography

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