Structured Cabling Market Size
August 07, 2019
Steady Growth predicted for Structured Cabling Market in Future
The global structured
cabling market generated revenue of $7669.8 million in 2017 and is expected
to witness a CAGR of 5.5% during forecast period
(2018–2023). Advancements in information technology (IT) are positively
influencing the growth of the market.
Structured
cabling offers a simple approach to manage systems with complex data transfer
routes via transmission solutions that enable users to send data, voice, and
signals in a manner, helping them make the most of the data transfer rate. The structured cabling market is huge and has diverse areas of growth.
Business enterprises are actively optimizing their IT infrastructure by adopting more efficient solutions, including structured cabling. It is a network that handles information in the form of data, voice, and videos, and can even manage complex building management systems easily.
Product, wire category, application, end use,
and region are the segments of the market that allow for a better understanding of the domain. On the basis of product, the market is divided into copper cable, copper components, fiber cable, and
fiber components.
Usually, the copper cables used in structured cabling are
shielded twisted pair (STP), foil screened twisted pair (FTP), and unshielded
twisted pair (UTP) type. In 2017, copper cable and copper components jointly held
the major revenue share (60.0%) in the structured
cabling market.
The increase in the number of internet users and rapid adoption of
digital services have led to an exponential increase in the volume of sensitive
data collected by organizations. Here, structured cabling provides the facility
of data transfer at a higher speed, which is aiding the structured cabling
market growth.
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