A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India.
One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government, telecommunications, commercial, industrial, and other sectors.
Geographically, the Indian structured cabling market in the eastern region of the country is projected to advance at the highest rate during the forecast period. This can be attributed to the emergence of IT hubs in cities of the region including Bhubaneswar and Tripura, governments’ initiatives to enhance connectivity in eastern states, rise in need for network connectivity in villages of the region. Whereas, the market in the southern region of the country held the largest share in 2020, due to the presence of IT hubs in Chennai, Bengaluru, and Hyderabad.
The number of structured cabling users in India is increasing with the rising urbanization rate; thus, it is resulting in straining the current communication infrastructure. With the rapid digitization in the country, the need for green data centers is surging. Also, the market for data centers is driven by the rising supply and declining cost of high-bandwidth internet and introduction of advanced applications, including customer relationship management (CRM) and enterprise resource planning (ERP).
Thus, the increasing demand for higher bandwidth and the surging data center industry will drive the growth of the Indian market in the foreseeable future.
One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government, telecommunications, commercial, industrial, and other sectors.
Geographically, the Indian structured cabling market in the eastern region of the country is projected to advance at the highest rate during the forecast period. This can be attributed to the emergence of IT hubs in cities of the region including Bhubaneswar and Tripura, governments’ initiatives to enhance connectivity in eastern states, rise in need for network connectivity in villages of the region. Whereas, the market in the southern region of the country held the largest share in 2020, due to the presence of IT hubs in Chennai, Bengaluru, and Hyderabad.
The number of structured cabling users in India is increasing with the rising urbanization rate; thus, it is resulting in straining the current communication infrastructure. With the rapid digitization in the country, the need for green data centers is surging. Also, the market for data centers is driven by the rising supply and declining cost of high-bandwidth internet and introduction of advanced applications, including customer relationship management (CRM) and enterprise resource planning (ERP).
Thus, the increasing demand for higher bandwidth and the surging data center industry will drive the growth of the Indian market in the foreseeable future.
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