DUBLIN--(BUSINESS WIRE)--The "Global Cable Management Market - Segmented by Product (Trays, Ladders, and Glands), Material (Metallic and Non-Metallic), Application (IT and Telecom, Healthcare, Energy and Utility) & Region - Growth, Trends & Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The cable management market was valued at USD 16.19 billion in 2017, and is expected to reach a value of USD 30.81 billion by 2023 at a CAGR of 10.91%, over the forecast period (2018-2023).
The increasing demand for network and facilities and the volume of cables being installed have grown drastically. The deployment of high-capacity networks have resulted in complicated cable installations across many verticals. Thus, the need for proper management systems has become important. This growing need for cable management systems has pushed companies to offer different kinds of solutions, thus driving the overall market. With the growing investments in various sectors, organizations are now focusing on renovating and upgrading existing infrastructure, to build better support for operations. Thus, the installations of cables have grown in the past few years.
Moreover, with the demand for high-speed connectivity growing in the IT and telecom industry, companies are focusing on providing reliable services. The deployment of new cables to support communication services is resulting in the demand for cable management solutions. However, fluctuating requirements in the electrical and utility industries are challenging the market growth. Also, competition from local players in developing nations is disrupting the growth in these regions, thus affecting the overall growth of the market.
Other Key Highlights
- Upgradation and Renewal of Existing Networks in Developed Economies will Drive the Market Growth
- High Demand for Better Infrastructure will Provide Opportunities for Cable Management Systems
- North America Accounted for the Largest Share in the Market
Key Topics Covered
2. Research Approach and Methodology
3. Market Insights
4. Global Cable Management Market Segmentation
5. Competitive Intelligence - Company Profiles
- Chatsworth Products, Inc.
- Hellermann Tyton
- Legrand SA
- Leviton Manufacturing Co. Inc.
- Marco Cable Management
- NIEDAX GROUP
- Schneider Electric SE
- TE Connectivity Ltd
- Thomas & Betts Corporation
- Vantrunk International
6. Investment Analysis
7. Future of the Global Cable Management Market
For more information about this report visit https://www.researchandmarkets.com/research/zxpklf/global_30_81?w=4