Global Structured Cabling Market

Structured Cabling Market Size, Share, Growth Analysis, By Type(Copper Cables and Fiber Optic Cables), By Application(Data Center and LAN (Local Area Network)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20D2117 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 59 | Figures: 75

Structured Cabling Market Insights

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.

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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).

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. 'Legrand (France)', 'Panduit (US)', 'CommScope (US)', 'Belden (US)', 'Nexans (France)', 'Siemon (US)', 'Corning Inc. (US)', 'Schneider Electric (France)', 'TE Connectivity Ltd. (Switzerland)', 'Furukawa Electric Co. Ltd. (Japan)', 'Leviton Manufacturing Co. Inc. (US)', 'ABB Ltd. (Switzerland)', 'R&M (Switzerland)', 'Eaton Corporation (Ireland)', 'Superior Essex (US)', 'Black Box Corporation (US)', 'CommScope Holding Company, Inc. (US)', 'Prysmian Group (Italy)', 'Daikin Industries, Ltd. (Japan)', 'Brand-Rex Ltd. (UK)'

One significant driver of the global structured cabling market is the increasing adoption of digital technologies across various industries. The rise of digital technologies has resulted in the exponential growth of data, which requires reliable and efficient infrastructure to be transmitted across networks. Structured cabling systems provide a reliable and efficient way to transmit data across networks, and as a result, they have become an essential part of communication networks in various industries.

The key trend in the global structured cabling market is the increasing adoption of fiber optic cabling, driven by the need for higher data speeds and greater bandwidth. Fiber optic cabling offers faster data transfer rates and better performance over longer distances than traditional copper cabling. In addition, the growing popularity of cloud-based services, video streaming, and other bandwidth-intensive applications is driving the demand for high-speed connectivity, further fueling the adoption of fiber optic cabling. As a result, vendors are increasingly focusing on developing and marketing fiber optic solutions to meet this growing demand.

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.

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Global Structured Cabling Market

Report ID: SQMIG20D2117

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