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

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...
Post a Comment
Read more