Structured Cabling Market worth over $25bn by 2027

Structured Cabling Market size is set to surpass USD 25 billion by 2027, according to a new research report by Global Market Insights, Inc.
 

Increased infrastructure development in the communication sector is expected to propel the market growth. Over the past few years, the sector has evolved into a diverse, interconnected, and competitive market using satellite, terrestrial, and wireless transmission systems. Communication networks enable individuals to easily contact one another, communicate from remote areas, and access information instantly. With the rapid changes in communication technology, the entire physical-cyber infrastructure is becoming complex. The increasing need for reliable & simple network architecture has driven the need for effective structured cabling solutions in the telecommunications network.

 

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The ongoing COVID-19 pandemic severely impacted the structured cabling market expansion in FY2020 due to reduced spending on infrastructure solutions. The pandemic severely disrupted several end-use industries, particularly the IT & telecom sector. This led to a slowdown in various infrastructure development projects during the first half of 2020. Leading market players reduced investments in purchasing infrastructure solutions, negatively impacting the demand for structured cabling. However, with companies focusing on expansion and increase in new construction, the spending on cabling infrastructure is poised to increase in the first half of 2021.
 

The growing adoption of software tools for maintaining and managing the operation of the cabling infrastructure will augment the market progression

China Structured Cabling Market By Component

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The software segment in the structured cabling market is estimated to register growth of 17% through 2027 led by the increasing need to manage internal cable & network infrastructures. The software tool allows businesses to maintain the performance and operation of different cabling infrastructures. The market leaders offer software solutions that efficiently control complex network infrastructures. For instance, Device42, Inc. offers patch panel cable management software that allows data center operators to quickly, easily, and accurately track patch panel cable connections. Large IT infrastructure facilities such as hyperscale and mega data centers consist of a massive amount of storage, networking, power, and cooling devices. With this increase in hardware solutions, cabling infrastructure is becoming more complex & complicated, thereby accelerating the demand for cable management software tools.
 

Browse key industry insights spread across 300 pages with 289 market data tables and 28 figures & charts from the report, “Structured Cabling Market Size By Component (Hardware [Cables {Copper, Fiber Optic}, Communication Outlet System, Patch Cables & Cable Assemblies, Patch Panels & Cross Connects, Racks & Cable Management], Software, Service [Consulting, Installation & Deployment, Maintenance & Support]), By Application (BFSI, Commercial, Energy, Government, Healthcare, Industrial, IT & Telecom, Transportation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/structured-cabling-market
 

Need for an efficient & high-performance network in the healthcare sector to fuel the structured cabling market revenue

Healthcare organizations are increasingly leveraging AI technology for improving treatment techniques. For instance, in May 2021, Royal Free London NHS Foundation Trust announced to implement AI keyhole procedure for heart attack patients. The acceptance of advanced technologies in the healthcare sector is fostering the need for sophisticated structured cabling infrastructure. Structured cabling infrastructure provides the actual pathways required to transfer images, voice, and data between connected devices located in hospitals, medical centers, and clinics.
 

Rising internet penetration and smartphone users will boost the growth for North America region

North America structured cabling market is slated to expand at a CAGR of 13% by 2027 owing to rise in the number of smartphone & internet users across the region. For instance, the number of smartphone users in the U.S. reached 294.15 million in 2020. This has driven the establishment of mega and hyper-scale data centers and the need to upgrade structured cabling infrastructure. Also, there has been an increased demand for improving data center capacity and security throughout the U.S. The improvement in data center capacity has led to the need for additional infrastructure to support the demand for low latency applications such as self-driving cars, VR/AR, Artificial Intelligence (AI), and Machine-To-Machine (M2M) communication.
 

Investments in the research & development for introducing innovative products and enhancing product portfolio is a key strategy among the industry players

The key companies operating in the structured cabling market include ABB Ltd., CA Technologies, The Siemon Company, TE Connectivity, Schneider Electric SE, Rittal GmbH & Co. KG, RiT Tech (Intelligence Solutions) Ltd., Reichle & De-Massari AG, Panduit Corporation, Nexans S.A., Metz Connect, Legrand, IBM Corporation, Furukawa Electric Co., Ltd., Fiber Mountain, Inc., Corning, Inc., CommScope Holding Co., Inc., Cisco Systems, Inc., Belden Inc., and Anixter International. The key participants are investing highly in R&D activities for launching new product and attracting a large customer base.
 

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