Structured cabling is the installation and designing of a cable system that supports many hardware assigned to perform multiple functions. When installed in correct proportion, a structured cabling can meet the demand of both the current and possible future requirements along with a hardware and serve many application areas such as automotive & transportation, government & education, IT and telecommunication, industrial, healthcare, banking, commercial, and residential sectors. The rapidly growing infrastructural development as a result of industrialization and urbanization will help promote the growth of the global structured cabling market in the foreseeable future.
The increasing utilization of structured cabling for fast networks for different commercial, modern, and residential applications is the main consideration for market development. This pattern is anticipated to fill in the impending years. Trading constant data, which requires quicker and nonstop transmission of data, is supposed to emerge in different verticals. The pattern of cutting edge web conventions (IP) like IP-based security frameworks, Voice over IP (VoIP), and IP videoconferencing is augmenting the demand for voice, data, and video signal assembly. Additionally, the increasing popularity and high adoption rates of 5G, cloud computing, Internet of Things, artificial intelligence, and others will help data center operators to improve and evolve with time and efforts. The need for a well-planned structured cabling system that can adhere to the changing needs of data centers will serve as a significant growth driver for the global structured cabling market in the coming years.
Increase in Demand for Uninterrupted Network Connectivity for Video Conferencing, thereby propelling growth
The skyrocketing growth of the information and communication sector has also propelled the need for structured cabling especially in a time when online platforms are gaining traction. This is attributed to the Internet of Things and cloud computing. The increasing number of subscribers in the telecom sector has also propelled the need for high-speed internet. This is further projected to promote the growth of this market in the coming years. There is high demand for structured cabling across all industrial, residential, and commercial applications. Thus, there is a high possibility that this market will generate remarkable revenues in the years to come. The rise in infrastructural development throughout the world will add boost to the overall growth of the global structured cabling market in the near future.
The rising use of internet across various mobile applications and wide data usage across all residential, and commercial, as well as industrial setups will help promote the growth of the global structured cabling market in the coming years. Both the commercial and residential sectors use the Fiber-to-the-home or Fiber-to-the-premises cabling, wherein fiber optic cables are used. The purpose behind using fiber optic cables is the fact that they remain undamaged by any electromagnetic interference. Besides this, the communication speed for most commercial and residential projects are often increased which cannot be doable in case of traditional cable modems. This feature also adds to attract consumers towards adopting structured cabling. Thus, the fiber optic cable type earns and will continue to earn the largest share for the global structured cabling market in the near future.
The nature of competition for the global structured cabling market is consolidated on account of the presence of very few players namely Legrand, Corning Inc., Panduit Corp., Belden Inc., Nexans S.A., Siemon, CommScope, Furukawa Electric Co. Ltd., and Reichle & De-Massari AG. Companies are focusing on innovation in fiber optic technology so as to ensure the top position in the market competition or instance, two innovative patents of Panduit was launched by them in January 2019 for use in hybrid optical fiber, a modular fiber optic tray, and copper conductor cable assembly. On another instance, Siemon declared the expansion of their open rack and cable management solutions business with the launch of their new Value Vertical Cable Manager or VVCM system in June 2020. Such innovations are likely to bode well for the global structured cabling market in the near future.