Structured Cabling Market Size

Structured Cabling Market Size

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.

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.