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Structured Cabling Market in IT & Telecom Sector Will Grow At A Rate of 11% Over 2019 to 2025

Author : Ronak Bora | Published Date : 2019-03-11 

The rise in the adoption of intelligent technologies to implement scalable and modular IT infrastructure in several business operations is driving the Structured Cabling Market. Several legacy facilities are facing the challenge of managing the order and ease of accessing the cabling infrastructure. The widely used cable management products and solutions can be installed easily and offer simple and modular designs. The manufacturers in the structured cabling market are catering to such demands of the customers by offering advanced cable management solutions.

The growing adoption of digital services and increasing number of internet users will augment the data center demand, thereby driving the structured cabling market growth. The cabling systems offer faster data transfer speeds and effective connectivity of IT devices, reducing the chances of system downtime and failure. It improves the effectiveness in the decision-making process, maximizing the business profits.

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Moreover, the growing demand for high-speed connectivity of the devices and data center convergence are the major factors driving the market. The adoption of fiber optic and coaxial cables for high-speed internet connectivity is gaining momentum in the industry. These cables have a much greater bandwidth compared to the metal cables. The major advantage of the installation of these cables is the large amounts of information that can be transmitted per unit of time, driving the structured cabling market demand.

The growing application of these solutions in the BFSI segment is expected to drive the structured cabling market. Banks and financial institutions are installing large numbers of IT facilities due to the increased data storage requirement. Increasing number of customers due to flexible financial policies is the major factor propelling the demand for large IT facilities. The players operating in the sector are competing by offering low-interest rate loans, savings, and deposit facilities that are attracting a large customer base, resulting in the generation of large amounts of customer details.

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Financial companies are concerned with the effective management of their IT assets due to the storage of confidential data that needs to be secured from being lost at times of system downtime and failure. Such factors are encouraging these financial businesses to implement advanced cable systems and tools, thereby propelling the structured cabling market size.

Asia Pacific structured cabling market accounted for over 20% of the industry share and is witnessing a high growth due to the increasing demand from the commercial application segments. With the rapid modernization of the wirings and cabling systems, the adoption of innovative technologies provides distribution of voice, high-speed data, and video signals throughout small commercial buildings.

Markets such India and China are witnessing a high adoption of these innovative solutions due to the rise in the incorporation of smart technologies. Under the Smart City initiative, the industrial segments are incorporating intelligent technologies for simplifying business operations. Such factors are contributing to the rise in the adoption of intelligent cabling solutions in the region, thereby providing an impetus to the structured cabling market share.

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The major companies operating in the structured cabling market are Rittal GmbH & Co. KG, ABB Ltd., Anixter International, Belden Inc., CA Technologies, Cisco Systems, Inc., CommScope Holding Co., Inc., Corning, Inc., Furukawa Electric Co., Ltd., IBM Corporation, Legrand, Metz Connect, Nexans S.A., Panduit Corporation, Reichle & De-Massari AG, RiT Tech Ltd., Schneider Electric SE, TE Connectivity, and The Siemon Company. The players in the structured cabling market are engaged in developing partnerships to expand their product offerings and business reach.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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