Home > Electronics & Media > Structured Cabling Market
Structured Cabling Market size exceeded USD 15 billion in 2021 and is projected to grow at over 10% CAGR from 2022 to 2028. Rise in the number of internet users globally will drive the market growth during the forecast period.
To get more details on this report: Request Free Sample PDF
The growing number of smart city projects will increase the demand for structured cabling solutions to enhance data transfer processes. Smart cities globally are being integrated with intelligent connected solutions for data connectivity, storage, and analytics. Companies are partnering with government authorities to install smart solutions. For instance, in July 2021, Mishima City and Oracle Corporation signed an agreement to work on smart city initiatives in Japan. The market is witnessing the development of smart cities that provide information to infrastructure and provide insights to authorities with the help of various technology solutions, such as Cloud solutions, M2M, and connectivity solutions, to allow high control and efficiency in data transfer activities. This will create a high demand for data storage and processing facilities, fueling the market expansion.
The COVID-19 pandemic had a major impact on the structured cabling market. Manufacturers in the industry emphasized on investing in R&D activities to improve their product line-up during the pandemic. This factor has accelerated product innovation & development, resulting in the launch of new products.
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | USD 10 billion |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 10% |
2028 Value Projection: | USD 35 billion |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 307 |
Tables, Charts & Figures: | 317 |
Segments covered: | Component, Application, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
The U.S. hardware structured cabling market is poised to showcase 11% growth rate through 2028 due to the increasing investments in data center upgrades from several multinational companies. For instance, in April 2021, Microsoft Corporation announced various plans to construct 50 to 100 new data centers per year to extend its Microsoft Azure data center footprint in ten new countries by the end of 2021. Rising new project construction and facility modernization will boost the usage of structured cabling technology in data centers. Industries in the U.S. market are focusing on replacing their traditional cabling hardware components, such as fiber-optic cables and patch panels, with modern solutions to enhance their business performance and operations by simplifying the network interconnectivity. This development will create various growth opportunities for structured cabling industry owing to features it provides such as fast data transfer and optimum connectivity for different IT systems.
To get more details on this report: Request Free Sample PDF
Germany structured cabling market is estimated to attain a CAGR of 15% till 2028 led by the development in IT & telecom industry solutions in business facilities such as networking, computing, and storage solutions. Deutsche Telekom is a dominant market player that provides network access to fiber-based broadband services. Telecom and technology companies are continually focusing on adopting strategic mergers and acquisitions to increase the adoption of 5G services in Germany.
To get more details on this report: Request Free Sample PDF
Asia Pacific structured cabling market accounted for around 20% of revenue share in 2021. The market leaders are offering structured cabling solutions that can be integrated with the Industrial Internet of Things (IIoT) to automate different operations in smart factories operating in the market. Data gathered from IIoT systems mitigate potential problems and optimize heavy workloads, improving factory safety, efficiency, and production. Industrial development and implementation of Industry 4.0 is driving the installation of connected machines and structured cabling.
Key companies operating in the structured cabling market are ABB Ltd., Anixter International, CA Technologies, Cisco Systems, Inc., CommScope Holding Co., Inc., Corning, Inc., Fiber Mountain, Inc., Fujitsu Limited, Furukawa Electric Co., Ltd., General Cable Technologies Corporation, IBM Corporation, Legrand S.A., Metz Connect, Nexans S.A., Panduit Corporation, Reichle & De-Massari AG, RiT Tech (Intelligence Solutions) Ltd, Rittal GmbH & Co. KG, TE Connectivity, and The Siemon Company. The market leaders are focusing on expanding their product reach and geographical reach by collaborating with regional participants.
Click here to Buy Section of this Report
Market, By Component
Market, By Application
The above information has been provided for the following regions and countries: