According to a recent report by GMI, Inc., structured cabling market size is projected to surpass USD 25 billion by 2027. Rapid expansion of major sectors like IT & telecommunication, data centers, residential & commercial, education, healthcare, etc. in the past few years has led to massive deployment of IoT & cloud related technologies in these domains. Incorporation of these technologies have created a huge demand for faster connectivity and energy-efficient structured cabling solutions that can deliver high flexibility and maximize the system availability. With such considerable rise in the demand for these systems, global structured cabling industry is poised to gain a massive momentum over the foreseeable future.
Increasing infrastructure development activities coupled with ongoing technological developments are further favoring the installation of structured cabling systems owing to their ability to eliminate the complexities involved in organizing of cables and their connectivity to network devices. Growing significance of these cabling systems will create a positive impact on the overall structured cabling market in following years.
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In light of the below mentioned trends:
Worldwide expansion of data centers
Numerous companies with operations spread across the globe, are emphasizing on establishing large-scale data center networks. The data centers essentially require structured cabling for developing organized connections for secure, tested, and labeled communication. This has urged the structured cabling market players to develop products that can meet these requirements. For instance, in 2021, Angola Cables introduced a global data center interconnection service using its direct link to large global data centers and PoPs in the network. These services are aimed at enabling OTTs, ISPs, CDNs, financial institutions, hyperscalers, etc. to host various connectivity options for accessing products, services and content using the transatlantic network connecting the US, Brazil, Europe and Africa.
Strategic initiatives by prominent market players
Prompted by the burgeoning demand for structured cabling market, industry players are taking consistent efforts such as development of innovative solutions, implementing business expansion strategies, signing supply contracts etc. to gain a strong foothold in the market. Quoting an instance, Orient Link Pte. Ltd. and NEC Corporation signed an agreement to establish the MIST Cable System which will directly connect Malaysia, Singapore, Thailand, Myanmar and India and deliver a design capacity of over 216 terabits per second.
Increasing adoption in healthcare sector
Rising inclination towards the adoption of innovative technologies in healthcare domain is accelerating the demand for structured cabling. This is majorly due to the increased complexities in the connectivity of electrical devices resulting from the technological advancements and innovations in the healthcare industry. The significant surge in the product demand is positively contributing to the industry progression.
Elevating demand for highspeed internet in Asia Pacific
Accelerating demand for high-speed connectivity in Asia Pacific, driven by increasing enterprise applications is largely fostering the adoption of structured cabling solutions in the region. In addition, growing interest in OTT is also instigating the demand for high-speed broadband connectivity for the smooth transfer of voice, video and data signals from one point to another through a communication network. For instance, in 2020, Netflix Inc. had about 4.6 million paid subscribers in India. This has increased the incorporation of connected devices and cables in the region for faster transmission of communication signals.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology and forecast parameters
1.3 Impact of COVID-19
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Data sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Structured cabling market 3600 synopsis, 2018 - 2028
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Component trends
2.1.4 Application trends
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