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

How Is Rising EV Sales Supplementing Electric Motor Market Growth?

In recent years, the companies operating in the electric motor market have engaged in product launches to consolidate their position. For instance, in February 2021, Johnson Electric Holdings Limited launched a new series of low-voltage DC motors for actuators used in hospital beds, smart recliners, height-adjustable desks, and other smart furniture.  In the same vein, in June 2021, maxon motor AG introduced BIKEDRIVE Air, a 3.5 kg e-bike system that consists of an integrated battery, a mid-mounted motor, and a control element. Additionally, the players in the electric motor market are also opting for mergers and acquisitions to gain a competitive edge. For example, in March 2021, AMETEK Inc. acquired Crank Software, EGS Automation, and Magnetrol International for $270 million.  With the acquisition of Magnetrol International and EGS Automation, AMETEK Inc. aims to expand its level measurement solutions portfolio and widen its automation solutions portfolio. Furthermore, the ...
Post a Comment
Read more

Increasing Prevalence of Road Accidents Fueling Demand for Tunnel Automation

As a result, the value of the market is predicted to grow significantly in the coming years. Depending on tunnel type, the market is divided into highway and roadway tunnels and railway tunnels categories. Between these two, the railway tunnels category dominated the market in 2020. This was because of the various benefits of integrating tunnel automation solutions in railway tunnels such as reduced security and safety threats and improved efficiency of various tunnel operations. Signalization, lighting and power supply, fire and safety, air conditioning, communication, and ventilation systems are some of the major elements of railway tunnel automation, that greatly improve tunnel functioning. The tunnel automation market is also categorized, based on component, into signalization, heating, ventilation, and air conditioning (HVAC), and lighting and power supply. Out of these, the HVAC category led the market in 2020, and it is predicted to exhibit the fastest growth in the coming years...
Post a Comment
Read more