Structured cabling is building or campus cabling infrastructure that consists of number of specialized smaller elements called subsystems. This infrastructure provides the transmission of data in the form of voice, video or text from one point to another through a communication network.
It has been observed that the number of internet users is increasing massively and use of structured cabling infrastructure allows the users to transmit data at a faster speed. This has led to an increase in the volume of data collection by organizations. Increasing stress on cost and time management, need for automation of businesses and increasing competition among key players in this market are driving the structured cabling market across the globe.
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Based on product, the structured cabling market is categorized into fiber optic cables and copper cables. Among these two segments, fiber optic cable is anticipated to witness faster growth during the forecast period since these cables enables the organizations in transmitting communication signals at faster pace, higher bandwidth and at large distances.
The structured cabling has applications in data center and LAN. Among these segments, data center is expected to witness faster growth during the forecast period due to increasing acceptance for IT infrastructure in various emerging and emerged economies.
On the basis of industry, the structured cabling market is segmented into industrial, residential & commercial, government, IT & telecommunications and others. Among all these segments, IT & telecommunications domain is generating largest revenue throughout in the market.
The increasing demand for structured cabling from large-scale enterprises is the key trend observed in the market. The large-scale sector involves IT sector, project management and financial institutions that comprises of highly automated infrastructure, as a result, the demand for structured cabling is rampant in these departments.
The extensive demand for high-speed communication networks among the users, the emphasis on the cost and time management among business enterprises and excessive stress of competition are the key factors driving the growth of the structured cabling market. It has been observed that the technology is enabling enterprises to take quick, efficient and effective decisions. This tends to the need of a good quality of cabling infrastructure and thus increases the demand of these cabling systems.
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Geographically, North America dominates the structured cabling market in terms of revenue and will continue to do the same till 2024. The North American market growth is attributed towards the automation of all business organizations. This factor of upgrading the infrastructure to fully automated system is a crucial reason for the bolstering demand of this system.
Key players in the structured cabling industry are investing in improving the quality of material and developing the latest technologies that is strengthening their position in the structured cabling market. The key players operating in the global structured cabling market include Nexans S.A., CommScope, Inc., Panduit Corp., Siemon, Teknon Corporation, Schneider Electric SE, Legrand, Belden, Inc., ABB Ltd., Panduit Corp. and Corning, Inc.