April 21, 2020
According to the research report titled ‘Structured Cabling Market Size By Component, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, structured cabling market is expected to surpass USD 25 billion by the year 2025.
Rising concerns regarding safety of IT devices and network security have compelled industrialists to adopt efficient cabling infrastructure in order to reduce the risk of intrusion, which in turn is driving the market growth. Market majors are providing unique solutions which enable industrialists to prevent unauthorized access to their devices. Additionally, growing inclination towards fiber networking technology is further aiding the market expansion.
In terms of service type, installation & deployment as well as the maintenance & support segments are presumed to expand considerably during the projected period. Enterprises are focusing towards improving their cable and network infrastructure, in turn bolstering the demand for deployment and maintenance services. High quality end-to-end cabling environment and network connectivity optimize the operator’s control over in IT monitoring and access control.
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Based on the application spectrum, market share from IT & telecom industry is expected to register substantial growth through 2025. Rising implementation of networking devices, computers and storage devices to aid in business operations have impelled the demand for reliable and efficient cabling infrastructure. Escalating investments towards reducing network faults and system downtime is also contributing towards the segmental share.
Considering the geographical landscape, Asia-Pacific structured cabling market is anticipated to witness lucrative growth over the ensuing years. Rapid urbanization and industrialization along with robust expansion of enterprise operations have augmented the adoption rates of IT infrastructure for processing and storage of business data, which in turn is promoting the market scenario in APAC.
The prominent companies operating in structured cabling industry are TE Connectivity, The Siemon Co., METZ Connect, Schneider Electric SE, Panduit Corp., Reichle & De-Massari AG, Legrand, Furukawa Electric Co. Ltd, IBM Corp., Belden Inc., ABB Ltd., CA Technologies and Cisco Systems Inc. among others.
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