Structured Cabling Market Size USD 10.86 Billion by 2028 | Industry Growth of 4.1% CAGR

The structured cabling market size reached USD 10.86 Billion in 2020 and is expected to reach USD 15.09 Billion in 2028 and register a CAGR of 4.1%. Structured cabling industry report classifies global market by share, trend, and on the basis of solution, cable type, end-use, and regions.Backlinks Image For Post

The global structured cabling market size reached USD 10.86 Billion in 2020 and is expected to register a CAGR of 4.1% during the forecast period. Rising demand for high-speed network connectivity systems and devices, rapid technological developments in IT and telecommunications industry, and continuous investments in network and communications infrastructure are some major factors boosting revenue growth in the global structured cabling market. Structured cabling entails installing and designing a cabling system that provides flexibility to accommodate changes, moves, and additions, as well as reduces installation time and maintains the entire wiring system in an organized manner. Structured cabling infrastructure consists of several standardized smaller components called subsystems, which include optical and twisted-pair cabling, patch cables, and patch panels. It provides a strong telecommunications infrastructure for organizations, businesses, and government institutions for transmitting data, alerts, voice, video, and signals across the network.

Installing a flexible IT infrastructure that can efficiently deal with different industry changes is essential to enable modifications and alterations to operations etc. Organizations and businesses use different kinds of IT systems and devices at the same time. Structured cabling solution connects every device to a single system. Using a single system eliminates the difficulty of having multiple wiring infrastructures in the same place. If any problem arises, It will be easier to detect and solve the issue with structured cabling infrastructure instantly at a relatively low cost.

Rising number of Internet users and growing demand for digital services in various industries has led to a rapid increase in sensitive data volumes. Structured cabling offers faster data transmission that helps organizations to improve their decision-making processes and maximizes profits. Increased focus on time and cost management, rising need for business automation, and growing adaptation of modular data centers have significantly increased demand for structured cabling systems in the global market.

On the basis of solution, the market is segmented into service, product, software. Product segment is further sub-segmented into cables, communication outlets, patch panels & cross-connects, patch cords & cable assemblies, and racks & cabinets. Product segment revenue is expected to register a steady CAGR through the forecast period. Services segment includes installation & consultation, maintenance & support, and managed services.

By cable type, the market is segmented into category 5E, category 6, category 6A, and others. Category 6 segment accounted for majority revenue share in the global market in 2020. This can be attributed to increasing demand for this cable type due to its cost-effectiveness and high data transmission capability.

Structured Cabling Market Size USD 10.86 Billion by 2028 |  Industry Growth of 4.1% CAGR

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