Structured Cabling Market Analysis

Structured Cabling Market Analysis

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.

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.
 

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.