Skip to main content

What are Major Factors Driving Growth of Structured Cabling Market?

 Essentially, the increasing demand for high bandwidth, owing to the rising internet penetration, is expected to drive the structured cabling market at a CAGR of 3.9% during the forecast period (2020–2030). The market stood at $7.4 billion in 2019, and it is projected to reach $9.6 billion in 2030. Business organizations across the world are opting for structured cabling to improve their operations, as it allows a high bandwidth. Enterprises are focusing on modifying their IT infrastructure due to the rising use of bandwidth-intensive applications, including internet protocol (IP)-based videoconferencing, voice over IP (VoIP), and digital audio and video.

In the coming years, the industrial sector will adopt structured cabling at the fastest pace due to the escalating usage of cloud services and burgeoning demand for industrial automation. The soaring need for industrial automation has widened the scope for the internet of things (IoT) technology, which requires a robust IT infrastructure, which can be provided by structured cabling. Apart from the industrial sector, the commercial, telecommunication, and government sectors also use structured cabling to smoothen their operations.


Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/structured-cabling-market/report-sample

Products such as shielded-twisted-pair (STP), unshielded-twisted-pair (UTP), and foil-screened-twisted-pair (FTP) copper cables; single-mode (SM) and multi-mode (MM) fiber cables; copper patch cords, copper outlets, and copper patch panel ports; and fiber patch cords, fiber outlets, and fiber patch panel ports are used to lay structured cabling for LAN and data centers. According to P&S Intelligence, copper cables were the most widely used products in the past because of their low price and extra cost attached to fiber-cable infrastructure.

Globally, Asia-Pacific (APAC) generates the highest revenue, and it is expected to register the fastest growth in the structured cabling market. This can be attributed to the growing demand for higher bandwidth in South Korea, China, and Japan, owing to the mounting number of IT hubs in these countries. Besides, the technological advancements in the 4G and 5G technologies are creating a larger demand for higher bandwidth, which will be fulfilled by structured cabling. Moreover, the booming population and mushrooming data consumption will steer the market growth in APAC in the coming years.

Thus, the spurring demand for hassle-free IT infrastructure in various sectors and increasing requirement for higher bandwidth will augment structured cabling adoption worldwide.

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Vision Sensor Market to Demonstrate a CAGR of 12.7% during 2020–2030

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vision-sensor-market/report-sample With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent and automatic products. For example, vision sensors are employed in the inspection of manufactured products in the food & beverage, electronics, and automobile industries.  Therefore, the surging demand for industrial automation will create several...
Post a Comment
Read more

Increasing Adoption of AR/VR Solutions To Drive Extended Reality (XR) Market

Growth factors such as the increasing adoption of augmented reality (AR)/virtual reality (VR) solutions, surging penetration of smartphones and connected devices, and rising number of partnerships and collaborations among players are expected to drive the growth of the extended reality (XR) market at a CAGR of 48.3% during the forecast period (2020–2030). With this growth rate, the market size is projected to reach $1,005.9 billion by 2030 from $18.6 billion in 2019. The increasing penetration of AR/VR solutions among people and industries is a key factor that will improve the extended reality market growth scenario in the coming years. To gain knowledge and for entertainment purposes, people are increasingly adopting head-mounted displays (HMDs), which is why market players are offering these solutions to provide an engaging and interactive customer experience. AR and VR add to or completely replace the visual reality for people, thus transporting them to a completely different world...
Post a Comment
Read more