Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.59 Billion | USD 29.22 Billion | 10.82% | 2023 |
According to a report from Zion Market Research, the global Structured Cabling Market was valued at USD 11.59 Billion in 2023 and is projected to hit USD 29.22 Billion by 2032, with a compound annual growth rate (CAGR) of 10.82% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Structured Cabling industry over the next decade.
Structured cabling is defined as a cabling infrastructure that comprises of a number of standardized elements (structured). Structured cabling is a standardized architecture designed for cabling specified by the Telecommunications Industries Association (TIA) and used as regulation by manufacturers that ensure interoperability.
Increasing number of data centers is anticipated to fuel the growth of the global structured cabling market over the forecast period. The demand for structured cabling in data centers is increasing owing to the increase amount of data generated and used by companies from various sectors. Companies such as Facebook and Google require huge amount of data to be stored owing to which the necessity to have a highly organized data center is essential.
Increasing adoption of high speed internet such as 5G coupled with the growing demand for cloud computing is anticipated to augment the demand for structured cabling over the forecast period. According to the GSM Association (GSMA), 5G networks are likely to cover one third of the global population. Owing to this, the amount of data generated and managed by companies in the telecom sector will increase. Moreover, the outbreak of COVID-19 pandemic has led to adoption of telehealth services. This in turn has led an increase in the demand for structured cabling in the healthcare sector.
The global structured cabling market is bifurcated on the basis of component, and end use industry.
Based on the component, the market is further bifurcated into products and services.
On the basis of product, the structured cabling market comprises of cables, patch panels, and others.
Based on services, the market is further split into installation & consultation, and others.
The end use industry segment is classified into IT & telecom, BFSI, government, healthcare, energy, and others.
Report Attributes | Report Details |
---|---|
Report Name | Structured Cabling Market |
Market Size in 2023 | USD 11.59 Billion |
Market Forecast in 2032 | USD 29.22 Billion |
Growth Rate | CAGR of 10.82% |
Number of Pages | 110 |
Key Companies Covered | Legrand Holding SA, Schneider Electric SE, Corning Inc., ABB Group, TE Connectivity, Nexans, Broadcom, Belkin International, Inc., Molex, LLC, and Panduit, among others |
Segments Covered | By Component, By End Use Industry And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the global structured cabling market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North America region held the largest share in 2023 and is expected to continue its dominance over the forecast period. The U.S. is expected to be the major contributor in terms of revenue in this region. This is attributable to the presence of major companies such as Broadcom, Corning Inc., and Molex, LLC, among others.
The Asia Pacific region is projected to grow at a notable rate over the forecast period. This is attributable to the increasing adoption of digitalization in developing economies such as China and India. Digitalization has paved the way for adoption of data centers in these countries. Additionally, growing number of smartphone users has led to an increase of data owing to which, organizations from various sectors are opting for structured cabling products and services to ensure certain level of standardization.
Some of key players in structured cabling market are:
By Component
By End Use Industry
FrequentlyAsked Questions
Structured cabling is defined as a cabling infrastructure that comprises of a number of standardized elements (structured). Structured cabling is a standardized architecture designed for cabling specified by the Telecommunications Industries Association (TIA) and used as regulation by manufacturers that ensure interoperability.
Increasing number of data centers is anticipated to fuel the growth of the global structured cabling market over the forecast period.
According to a study, the global Structured cabling Industry size was $11.59 Billion in 2023 and is projected to reach $29.22 Billion by the end of 2032.
The global Structured cabling market is expected to grow at a CAGR of 10.82% during the forecast period.
The North America region held the largest share in 2023 and is expected to continue its dominance over the forecast period.
Some of key players in structured cabling market are Legrand Holding SA, Schneider Electric SE, Corning Inc., ABB Group, TE Connectivity, Nexans, Broadcom, Belkin International, Inc., Molex, LLC, and Panduit, among others
The global Structured cabling market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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