DUBLIN--(BUSINESS WIRE)--The "Structured Cabling Market with COVID-19 Impact Analysis, by Solution Type, Cable Type (Category 5E, Category 6, Category 6A), Vertical (IT & Telecommunications, Residential & Commercial, Government & Education), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global structured cabling market was valued at USD 11.4 billion in 2019 and is expected to grow at a CAGR of 4.3% from 2020 to 2025 to reach USD 13.5 billion by 2025.
The market growth can be attributed to several factors, such as increasing demand for high-speed connectivity devices & systems, rising trend of data center convergence, and growing investments in communication infrastructure. However, few factors such as emergence of wireless communication systems, expensive fiber optic electronics, and so on are creating hurdles for the market.
The recent COVID-19 pandemic is expected to impact the global structured cabling market. The data centers are experiencing massive surges, highly supported by the increase in demand for e-learning, remote working, binge television watching, and other activities. Hence, it is anticipated that the structured cabling market for IT & telecommunications may witness positive growth in 2020 among all the verticals, despite all the challenges. For other verticals, although the immediate impact of COVID-19 is high owing to supply chain disruptions and decline in sales of cable products, it is likely to be minimal going forward. It is expected that by 2021, the business will come to a normal pace with smooth operations.
Market for IT & telecommunications vertical to grow at highest CAGR during forecast period
Globally, there has been an increase in the number of subscribers in the telecommunications sector who are demanding for high-speed internet connection due to which telecom operators are upgrading their network infrastructure. This would boost the growth of the global structured cabling market. Trends and technologies such as 5G, artificial intelligence, and the Internet of Things are forcing the data center operators to evolve day by day. A well-planned structured cabling system can be capable of adhering to the changing needs of data centers, which these new trends are forcing. All these would drive the structured cabling market to grow.
Category 6 cable type to hold largest share of structured cabling market during forecast period
Category 6 cable type is currently holding the largest share in the structured cabling market. This cable is defined in TIA/EIA-568-B and provides a significant improvement in performance over category 5 and category 5e. Cat-6 cables can support speeds of up to 10 Gbps, but can only do so for up to 55 meters, which makes them relatively long Ethernet cables.
APAC is expected to register highest CAGR in the market during the forecast period
Among all regions, APAC is expected to register the highest growth in the structured cabling market during the forecast period. China, South Korea, Japan, and Rest of APAC are covered under the APAC structured cabling market analysis. The increasing number of new data centers and the growing investments in telecommunication network infrastructure have been contributing to the growth of the structured cabling market in this region.
Market Dynamics
Drivers
- Increasing Demand for High-Speed Connectivity Devices & Systems
- Rising Trend of Data Center Convergence
- Growing Investments in Communication Infrastructure
Restraints
- Poor Emc Impedance Tolerance of UTP Cabling
- Expensive Fiber Optic Electronics
- Emergence of Wireless Communication Systems
Opportunities
- Extensive Growth of Led Lighting System Market
- Transition from Analog to Ip-Based Video Surveillance Systems
- High Adoption of Ftth/Fttp Owing to Faster and Uninterrupted Flow of Data
Challenges
- Retrofitting Older Infrastructures
- Creating Awareness About Quality Products
Companies Mentioned
- AFL
- Belden Inc.
- Black Box Network Services
- Codecom
- Commscope
- Connectix Ltd.
- Corning Inc.
- Datwyler Cables Gmbh
- Electra Link, Inc.
- Furukawa Electric Co. Ltd.
- Hubbell
- Legrand
- Leviton Manufacturing
- Molex
- Nexans S.A.
- Panduit Corp.
- R&M
- Schneider Electric
- Siemon
- Teknon Corporation
For more information about this report visit https://www.researchandmarkets.com/r/yz7t5g
