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Structured Structured Cabling Market Booming Demand Leading To Significant CAGR Growth By 2027
by Research Insight Research AnalystThe global structured cabling market is estimated to generate revenue of USD 15.6 billion by 2027, witnessing a 4.6% CAGR during the forecast period. The mounting demand for high-speed connectivity devices & systems, growing trend of data center convergence, increasing investment in communication infrastructure, an increasing number of internet users globally, increasing demand for high-speed data transmission in North America and European telecom sector, the impact of government regulations and policies in Middle Eastern countries will accelerate the growth of the structuring cabling market. The mounting adoption of 5G technology, rapidly growing industrial and commercial sector will create opportunities in the growth of the structured cabling market.
The COVID-19 pandemic has led to rising in the market for structured cabling owing to the rise in demand for e-learning, binge-watching, remote works, WFH, etc. Moreover, the rapid development of IT and telecommunication will accelerate the growth in the structured cabling market.
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Based on industry, the global structured cabling market is divided into industrial, residential & commercial, government, IT & telecommunications and others. The IT & telecommunication industry dominates the market in 2020 owing to the rising number of subscribers in telecom sector requiring high-speed internet connection.
North America dominates the structured cabling market owing to the rising demand for IP-based video surveillance systems and access control systems, a widespread network of intelligent transport systems, an increasing penetration rate of smartphones, and the presence of key players in the region. Moreover, companies are upgrading the infrastructure to have a fully automated system is also the factor to fuel the growth in the region.
The prominent players operating in the structured cabling industry include Nexans S.A., CommScope, Inc., Panduit Corp., Siemon, Teknon Corporation, Schneider Electric SE, Legrand, Belden, Inc., ABB Ltd., Panduit Corp., and Corning, Inc.
Source: VynZ Research
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Research Analyst
2 connections, 0 recommendations, 9 honor points.Joined APSense since, July 6th, 2021, From Pune, India.
Created on Oct 27th 2021 08:02. Viewed 349 times.
