USD 10.50 billion
Report ID:
SQMIG20D2117 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
59
|Figures:
75
Global Structured Cabling Market size was valued at USD 10.50 billion in 2022 and is poised to grow from USD 11.63 billion in 2023 to USD 26.43 billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).
Global structured cabling market is experiencing robust growth due to the increasing demand for high-speed data transmission, rapid technological advancements, and the need for reliable and efficient network connectivity. As organizations continue to invest in digital transformation, data centers, and smart city initiatives, the demand for structured cabling solutions is expected to increase further. With the ongoing advancements in networking technologies, structured cabling will continue to play a vital role in supporting the evolving communication needs of businesses worldwide. With the rise of cloud computing, big data analytics, Internet of Things (IoT), and other data-intensive applications, there is a growing need for high-speed data transmission and reliable network infrastructure. Structured cabling provides the necessary bandwidth and scalability to support these demanding applications, thereby driving the market growth. Moreover, the proliferation of data centers worldwide, driven by the exponential growth of data storage and processing requirements, has boosted the demand for structured cabling. Data centers rely heavily on structured cabling for efficient connectivity and to ensure smooth data transmission between servers, storage systems, and networking equipment. The increasing digitalization across industries and the development of smart cities have further contributed to the growth of the structured cabling market. These initiatives require a robust and scalable network infrastructure to support a wide range of applications, including smart buildings, smart grids, intelligent transportation systems, and public safety networks. Furthermore, technological advancements in networking and communication technologies, such as 5G, Wi-Fi 6, and fiber optics, have significantly enhanced the capabilities of structured cabling systems. These advancements enable higher data speeds, lower latency, improved reliability, and better network performance, fueling the adoption of structured cabling solutions across various industries.
Global Market Size
USD 10.50 billion
Largest Segment
Copper Cables
Fastest Growth
Fiber Optic Cables
Growth Rate
10.8% CAGR
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The Global Structured Cabling market is segmented by type, application, and region. Based on type, the market can be segmented into copper cables, and fiber optic cables. Based on application, the market is segmented into data center, and LAN (Local Area Network). Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Structured Cabling Market Analysis by Type
By type, the market can be segmented into copper cables and fiber optic cables. The Copper Cables segment dominated the market in terms of revenue. Copper cabling is widely used in structured cabling systems as it provides a cost-effective and reliable solution for transmitting data. It is also easy to install and maintain, making it a preferred choice for small and medium-sized businesses. However, the demand for copper cables is expected to decline in the coming years due to the increasing adoption of fiber optic cables.
The market for fibre optic cables is anticipated to develop at the quickest rate thanks to the rising demand for cloud-based services and high-speed internet. In comparison to copper connections, fibre optic cables have a number of benefits, including faster data transmission, more bandwidth, and longer transmission ranges. In the upcoming years, this market is anticipated to increase as fibre optic cables are increasingly used in data centres, communications networks, and other sectors.
Global Structured Cabling Market Analysis by Application
By application, the market can be segmented into data center and LAN (Local Area Network). The Data Center segment dominated the market in terms of revenue. Data centers require a reliable and high-performance structured cabling system to support the increasing demand for cloud-based services and high-speed data transmission. The growing adoption of cloud computing, big data analytics, and the Internet of Things (IoT) is driving the demand for data centers worldwide. Therefore, the demand for structured cabling systems for data centers is expected to continue to grow significantly in the coming years.
The LAN (Local Area Network) segment is expected to witness the fastest growth in the market due to the increasing demand for high-speed internet connectivity in various industries such as healthcare, education, finance, and others. LANs are used to connect devices within a building or a campus, and a structured cabling system is required to ensure high-speed data transmission, reliability, and scalability. The increasing adoption of IoT devices and the need for faster data transmission within LANs is driving the demand for structured cabling systems for LANs.
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North America dominated global structured cabling market due to the presence of major technology players and advanced technological infrastructure. The region has been at the forefront of implementing new and advanced technologies, and this has been a driving force behind the expansion of the industry. The US, in particular, is a major contributor to the growth of the market in North America, due to the high adoption of digital services and increasing demand for automated business processes. Additionally, the region's focus on cost and time management has significantly increased the demand for structured cabling systems.
The APAC region is expected to be the fastest-growing market due to the high adoption of digital technologies and increasing investments in IT infrastructure. China, India, and Japan are significant contributors to the growth of the structured cabling market in the region. The rise in the number of data centers and the need for high-speed data transmission are driving the demand for structured cabling systems in the APAC region.
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Global Structured Cabling Market Drivers
Increasing adoption of digital technologies
Global Structured Cabling Market Restraints
High cost of installation and maintenance
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The global structured cabling market is highly competitive, with numerous vendors offering a wide range of products and services. Some of the key players in the market include manufacturers of cables, connectors, and other hardware components, as well as companies providing installation, maintenance, and consulting services. In addition, there are many regional players operating in different geographies, providing local expertise and support. As the market continues to grow, competition is expected to increase, with vendors seeking to differentiate themselves through product innovation, quality, and customer service.
Top Player’s Company Profiles in Global Structured Cabling Market
Global Structured Cabling Market Recent Developments
In February 2024, CommScope, a global leader in network connectivity, announced SYSTIMAX® 2.0 enhancements, the next generation of its SYSTIMAX building and data center connectivity portfolio which provides customers with the latest structured cabling solutions and support to meet the challenges of today and tomorrow.
In January 2024, Nexxt Solutions, Infrastructure Division, a manufacturer of infrastructure and structured cabling solutions, introduced its new Naxos and Vertex series of desktop switches. The manufacturer of infrastructure and structured cabling solutions presents a new series of switches.
In November 2023, Finolex Cables announced the introduction of LAN Passive Components to its existing business of LAN cables. The product range includes patch cords, information outlet, patch card and faceplates. These are especially useful in places like data centres, IT networks, conference rooms and branch office connections with high-density switches.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global structured cabling market analysis, the market is experiencing significant growth due to increasing demand for high-speed data transmission, automation, and IoT data. The market is highly competitive, with numerous vendors offering a wide range of products and services. Key players include Legrand, Panduit, CommScope, Belden, and Nexans. The market is also experiencing a trend towards the adoption of fiber optic cabling, driven by the need for higher data speeds and greater bandwidth. However, the high cost of installation and maintenance remains a significant restraint, limiting the adoption of structured cabling systems by small and medium-sized businesses. As the market continues to grow, competition is expected to increase, with vendors seeking to differentiate themselves through product innovation, quality, and customer service.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 10.50 billion |
Market size value in 2031 | USD 26.43 billion |
Growth Rate | 10.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Structured Cabling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Structured Cabling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Structured Cabling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Structured Cabling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20D2117
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