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Structured Cabling Market in Software Segment is Estimated to Grow At A CAGR of 14 % Over 2019 to 2025

Author : Ronak Bora | Published Date : 2019-05-02 

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. These software tools allow the operators to manage the cabling infrastructure by aiding them to view the routing, physical layout, and locations of telecommunication cables, closets, outlets, connectors & individual fiber assignments.

Propelled by extensive proliferation of digitization, the structured cabling market is slated to establish itself as an extremely lucrative investment ground in the forthcoming years. A number of legacy facilities are finding it difficult to maintain the order & ease with which a cabling infrastructure can be accessed. However, the extensively used cable management solutions & products in structured cabling can be installed with relative ease & can facilitate modular and simple designs, providing these legacy facilities with an ideal solution for the challenges they face, thereby driving the structured cabling market landscape.

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The structured cabling market is witnessing a high demand for the deployment and maintenance of services. With the rapid increase in network complexities, the industries are shifting toward modern technologies to enhance their network & cable infrastructure. These modern solutions require IT experts for the installation and integration into the IT environment. The effective end-to-end network connectivity and cabling environment will enhance the operators? control over the IT access and monitoring. Moreover, several manufacturers in the structured cabling industryare also offering maintenance & support services that will allow customers to manage their cabling infrastructure components and solutions from time to time. For instance, Belden, Inc. is engaged in offering technical and sales support to its customers.

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 growth.

The Asia Pacific structured cabling market is predicted to grow substantially due to the rapid industrialization and urbanization in major economies such as China, India, and Japan. The global companies are expanding their enterprise operations in these countries due to the favorable business environment and economic human resources. Such factors are encouraging these businesses to establish their IT environment for the storage and processing of their enterprise data in these countries. Moreover, the increased government support and initiatives to attract global companies for establishing their business base in the countries is also a major factor propelling the structured cabling industry.

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Owing to the presence of a connectivity-driven foreground, the global structured cabling market would be drawing in significant growth over the years to come. In fact, according to a research report by Global Market Insights, Inc., the overall structured cabling industry size would be exceeding a valuation of $25 billion by 2025.

About Global Market Insights:

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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