Dublin, May 12, 2023 (GLOBE NEWSWIRE) -- The "Structured Cabling Market Size, Share & Trends Analysis Report By Product Type (Copper Cables, Fiber Optic Cables), By Application (LAN, Data Center), By Vertical, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global structured cabling market size is projected to reach USD 23.17 billion by 2030, recording a 10.7% CAGR during the forecast period.
The increased demand for advanced technologies has resulted in the production of massive amounts of IoT data, which frequently causes delays and latency. Systems with structured cabling improve data transmission speed, which further helps to prevent delays.
The widespread adoption of structured cabling systems has been facilitated by a highly connected network in areas like North America. Thus. The North America regional market is anticipated to experience significant development throughout the forecast period. The need for structured cabling systems has also grown due to an expanding communication network design and rising demand for data centers.
Asia Pacific region is anticipated to experience the fastest development. Key elements like government initiatives to support digitalization, modernized infrastructure, population growth, a quicker uptake of smart devices, and investments in cloud and IoT technologies are expected to drive regional market growth.
Structured cabling systems are used across several industries, such as industrial, government, IT & telecommunications, commercial, and residential. The IT and telecommunications segment is expected to exhibit the highest CAGR due to data center convergence in technology supporting voice and data services. Increasing high-speed connectivity and mobile Internet usage are expected to drive market growth. Building residences and smart cities will also be important in expanding the market potential.
Expanding the product portfolio and maintaining a robust position in the market, prominent companies have used tactics such as joint ventures, agreements, expansions, and collaboration and creating new products with high speed and better features. The organization has also received official authorization to launch devices with better security and high-speed internet.
Structured Cabling Market Report Highlights
- The market is forecasted to expand at a CAGR of 10.7% over the forecast period
- The fiber optic cables segment is projected to reach approximately USD 7.3 billion over the forecast period owing to the increasing importance of cloud computing and high bandwidth applications
- The data center segment is expected to register a CAGR of around 11.3% over the projected period owing to rising demand for smart devices and mobile data usage
- Based on vertical. The IT and telecommunication segment dominated the market in 2022, which is expected to continue over the forecast period
- Due to the increasing development and usage of automation techniques across industries. The industrial market will likely increase rapidly in the forecast period
- Currently. The North American region is leading the market. The trend is expected to continue over the coming years, owing to a rise in demand for data centers and the growth of communication network infrastructure
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $10.46 Billion |
| Forecasted Market Value (USD) by 2030 | $23.17 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Structured Cabling Market Variables and Trends
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market Driver Impact Analysis
3.4.1.1 Higher Speed And Lower Latency
3.4.1.2 Greater Reliability And Lower Security Threats
3.4.2 Market Restraint Impact Analysis
3.4.2.1 High Installation Cost And Limited Physical Availability For Devices
Chapter 4 Structured Cabling Market: Product Type Estimates & Trend Analysis
4.1 Product Type Movement Analysis & Market Share, 2022 & 2030
4.2 Structured Cabling Market Estimates and Forecast, By Product Type (USD Million)
4.2.1 Copper Cables
4.2.2 Fiber Optic Cables
4.2.3 Others
Chapter 5 Structured Cabling Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2022 & 2030
5.2 Structured Cabling Market Estimates and Forecast, By Application (USD Million)
5.2.1 Lan
5.2.2 Data Center
Chapter 6 Structured Cabling Market: Vertical Estimates & Trend Analysis
6.1 Vertical Movement Analysis & Market Share, 2022 & 2030
6.2 Structured Cabling Market Estimates and Forecast, By Vertical (USD Million)
6.2.1 Government
6.2.2 Industrial
6.2.3 It & Telecommunication
6.2.4 Residential & Commercial
6.2.5 Others
Chapter 7 Structured Cabling: Regional Outlook Estimates & Trend Analysis
Chapter 8 Structured Cabling Market - Competitive Landscape
Companies Mentioned
- ABB Ltd
- Belden Inc.
- CommScope Holding Company, Inc.
- Corning Incorporated
- Furukawa Electric Co., Ltd.
- Legrand SA
- Nexans
- Schneider Electric
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/r/w931um
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