Brand Story
24 May 2023, 03:43 GMT+10
The structured cabling market refers to the market for systems used to organize and manage communication networks in commercial, industrial, and residential buildings. Structured cabling includes the cables, connectors, and other components used to transmit data, voice, and video signals over a network. The market has seen growth in recent years due to the increasing demand for high-speed and reliable communication networks, as well as the growing adoption of Internet of Things (IoT) and other technologies that require high-speed connectivity. Key players in the market include companies such as CommScope, Legrand, and Panduit.
Structured cabling has seen a huge increase in popularity in recent years due to the rapidly expanding need for more network capacity and the impressive adoption of 5G technology. Future updates will benefit greatly from structured cabling, which also provides the advantages of quicker installation and less bulky wiring. As a result, there is a growing need for structured cabling from the IT & telecommunications, business, industrial, and other sectors of the economy. The global market for structured cabling is anticipated to grow at a remarkable CAGR of more than 7% through 2031, according to Fact.MR.
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Market Segmentation
Key Takeaways from Structured Cabling Market Study
Surge in Demand from Industrial Sectors Bolstering Growth
Structured cabling is widely used in industrial Internet of Things (IoT), as it is highly effective in providing end-to-end network connectivity while streamlining the operational environment. With fast growth of industrial IoT, structured cabling manufacturers are forecast to experience surge in demand over the coming years.
As per a report published by the Inter-American Development Bank (IDB), the global industrial IoT sector is growing fast to reach at 41.6 billion connected IoT devices generating 79.4 zettabytes (ZB) of data in 2025, while worldwide total spending on IoT is forecast to surpass US$ 1 trillion by 2022. These statistics indicate huge scope for structured cabling manufacturers over the coming years.
More Valuable Insights on Telecom Structured Cabling Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Telecom Structured Cabling, Sales and Demand of Telecom Structured Cabling, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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