The global structured cabling market size is expected to reach USD 19.80 billion by 2032, according to a new study by Polaris Market Research. The report “Structured Cabling Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services); By Cable Type; By Product Type; By Application; By End-Use; By Regions; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Structured cabling systems are a collection of cables and gear that comprise business management systems' telecommunications infrastructure. Telecommunication infrastructure facilitates the transmission of voice, video, and data signals through a communication network. For a stable network connection, several connecting hardware and cables are needed.
The amount of sensitive data organizations has exponentially increased due to the surge in internet users and the quick uptake of digital services. A structured cabling system allows for speedier data transport, stimulating market expansion. Demand for structured cabling systems has dramatically increased due to increased attention to cost and time management, growing IoT data, the requirement for business automation, and rising levels of competition.
Also, these systems support quicker data transmission, which helps businesses increase the efficiency of their decision-making process and maximize profitability. However, the cost of fiber optic connections, poor compatibility with outdated communication infrastructure, and varying copper prices threaten industry expansion.
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Due to the existence of numerous well-known firms, the industry is quite competitive. In order to diversify their product offerings and maintain a dominant position in the market, players have used tactics such as product expansions, partnerships, joint ventures, and collaborations. They are also developing new products quickly and with improved features. For instance, Legrand announced the acquisition of the Champion ONE (C1) family of companies in February 2021. This industry leader in optical networking parts and solutions for data centers, businesses, and telecommunications.
Report Highlights
Polaris Market Research has segmented the Structured Cabling Market report based on component, cable type, product type, application, end-use, and region:
Structured Cabling Market, Component Outlook (Revenue - USD Billion, 2019 - 2032)
Structured Cabling Market, Cable Type Outlook (Revenue - USD Billion, 2019 - 2032)
Structured Cabling Market, Product Type Outlook (Revenue - USD Billion, 2019- 2032)
Structured Cabling Market, Application Outlook (Revenue - USD Billion, 2019- 2032)
Structured Cabling Market, End-Use Outlook (Revenue - USD Billion, 2019- 2032)
Structured Cabling Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)