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 2027" report has been added to ResearchAndMarkets.com's offering.
The global structured cabling market is projected to reach USD 15.0 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 5.1% from 2022 to 2027.
The products segment is projected to lead the global structured cabling market during the forecast period
Structured cabling products such as cables, communication outlets, racks & cabinets, and others are being widely used in residential & commercial, IT & telecommunications, and other verticals to set up the communication & IT network infrastructure. Additionally, most of the R&D spent by the key players is specifically toward the products of the structured cabling market. Multiple product launches, product developments, and other inorganic strategies adopted by the key players are primarily related to the product segment. For instance, in August 2021, Belden Inc. launched the OptiTuff Mini Fiber Cable solution. Owing to these factors, the products segment is projected to lead the global structured cabling market during the forecast period.
Other cable type to witness the highest CAGR in structured cabling market during the forecast period.
The other cable types include Category 7, Category 7A, and Category 8. Category 7 cables are always shielded, and support higher bandwidths and significantly faster transmission speeds than Category 6 cables by utilizing the newest widely available Ethernet technology. Category 7A are capable of 40 Gigabit (Gbps) speeds over 50 meters and 100 Gbps up to 15 meters; whereas, Category 8 has a bandwidth of up to 2 GHz (2000 MHz) over 30 meters and a data rate of up to 40 Gbps. These cable type are essential for faster data transmission. Thus, the other cable type to witness the highest CAGR in structured cabling market during the forecast period.
The IT & Telecommunications vertical is projected to lead the global structured cabling market during the 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. As stated by the International Telecommunication Unit, approximately 4.9 billion people i.e., 63% of the world's population - is using the Internet in 2021. Moreover, trends and technologies such as 5G, artificial intelligence, and the Internet of Things are forcing 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 are driven by new trends such as 5G, IoT, and AR & VR. Owing to this, the IT & Telecommunications vertical is projected to lead the global structured cabling market during the forecast period.
Based on region, North America is expected to account for the largest share of the structured cabling market by 2027
In 2027, North America is projected to hold the largest share of the overall structured cabling market. The major factor contributing to this growth is the presence of several key players in North America with a broad structured cabling product portfolio for various industries. Additionally, the growing demand for mobile data through wireless connectivity has led to an increase in spending on wireless telecommunications and data communication equipment, which has propelled the growth in the US. Further, according to CloudScene, as of February 2022, there were nearly 8,347 data centers globally out of which 2762 are present in the US.
Market Dynamics
Drivers
- Growing Trend of Data Center Convergence Penetrating It Infrastructure Market
- Spurring Communication Infrastructure
- Rising Emergence of Smart Cities
- Surging Adoption of IoT
Restraints
- Poor EMC Impedance Tolerance of UTP Cabling
- Higher Cost and Susceptibility of Transmission Losses of Fiber Optic Components
Opportunities
- Extensive Growth of LED Lighting Systems
- Transition from Analog to IP-Based Video Surveillance Systems
Challenges
- Need for Modification and Retrofitting of Older Infrastructures
- Challenges Such as Increased Call Drops, Less Data Quality, and Huge Network Traffic for Service Providers Due to Bolstering Telecommunications Sector
Companies Mentioned
- Afl
- Belden Inc.
- Black Box Network Services
- Codecom
- Commscope Holding Company, Inc.
- Connectix Ltd.
- Corning Incorporated
- Datwyler It Infra GmbH
- Electra Link, Inc.
- Fiber Mountain
- Furukawa Electric Co. Ltd.
- Huawei Technologies Co. Ltd.
- Hubbell
- Legrand
- Leviton Manufacturing Co. Inc.
- Molex, LLC
- Nexans
- Panduit Corp.
- R&M
- Schneider Electric
- Teknon Corporation
- Teleco Inc.
- The Siemon Company
- Vertex Security
- Warren & Brown Technologies
For more information about this report visit https://www.researchandmarkets.com/r/gf3n5n
