Structured Cabling Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Structured Cabling Market: Snapshot
Typical business requirements and environments have intensified the need for structured and flexible data and voice cabling system. The pressing need for flexible open systems that are vendor-independent in offices and work locations is a key factor driving the demand for structured cabling. The need for high-speed and reliable internet services and data transfers is a key factor bolstering the demand for structured cabling. Various initiatives undertaken by vendors to modernize communication network and the rising demand for robust telecommunication network drive the market. A surge in number of internet providers in several emerging economies bodes well for the structured cabling market. Advancements made in telecom network used by corporate sector is a notable factor boosting the market. In addition, the substantially rising demand for enterprise resource planning (ERP) is a key trend contributing to the growth of the market. There is a marked trend of moving customer relationship management (CRM) application to data centers hosted by third party for various commercial institutions. This is a notable factor fortifying the demand for structured cabling in various developing and developed regions. A number of leading players are focusing on strategic mergers and acquisitions in order to consolidate their operational areas. They are also expanding their geographical outreach to strengthen their shares in the overall market. North America has emerged as a prominent market for structured cabling. The robust presence of data centers has kept the regional market at the forefront. Europe is also witnessing promising opportunities for market players. The regional market is fueled by the efforts of various organizations to reduce carbon emissions, cut down on the electricity wasted in transmissions, and the focus on low-carbon economy.
Global Structured Cabling Market: Overview
Structured cabling market has been gaining momentum due to the high demand for comprehensive cabling infrastructure that includes hardware. Structured cabling has enabled high-speed internet and transmission of data along with seamless voice and video signals from one point to the other. The demand for sturdy telecommunication network and infrastructure is yet another reason for the buoyant market. Analysts anticipate that the demand for structured cabling will remain steady between 2017 and 2025 as telecommunication forms the backbone of every industry and will thus require advanced cabling solutions for smooth operations.
Global Structured Cabling Market: Drivers and Trends
The spurt of internet providers across the globe has augmented the demand for structured cabling in recent years. The progressively rising number of internet users have led to surging demand for structured cabling in recent years. Analysts anticipate that the demand for this type of cabling will be especially high in the corporate sector as it is known to be an advanced solution. Furthermore, efforts to bring in modernization in communication networks is also projected to favor market’s growth in the near future.
Structured cabling is predominantly used in areas such as industrial, transportation, government, residential, and commercial. The report indicates that the commercial sector will dominate the global market due to a soaring demand for enterprise resource planning (ERP). The emerging trend of moving customer relationship management (CRM) to third-party datacenters has created a need for better bandwidth in various commercial. Thus, this trend will also be responsible for rising demand for structured cabling in various commercial sectors in the near future.
Global Structured Cabling Market: Market Potential
Several leading players are expected to focus on mergers and acquisitions to expand their operational areas and improve their geographical reach. For instance, Scheider Electric SE acquired a Günsan Elektrik, a Turkish wire and cable manufacturer in December 2014. This move is expected to help the company expand its operations to commercial and residential sectors. On a similar note, earlier in the same year, Scheider Electric SE bought over Invensys plc, which has allowed the company to venture into structured cabling for software businesses across the globe.
Scheider Electric SE also plans to build a research and development facility in the U.S. The Global Innovation and Technology Center will serve as a key research and development unit for the entire North America in due time. Thus, the efforts to expand horizons in terms of developing better technology and operations is expected to be the winning strategy of market players operating in the global structured cabling market.
Global Structured Cabling Market: Regional Outlook
In terms of geography, the global structured cabling market segmented into Europe, North America, Asia Pacific, and Rest of the World. The report indicates that the North America structured cabling market is likely to lead the pack in the coming years. The region’s progress will be attributable to the strong presence of datacenters that have led to a high penetration of internet in remotest parts of the region. The regional market is expected to prosper against the backdrop of rising demand for internet in the region.
The analysts predict that Europe is also expected grow steadily in the global structured cabling market. The emergence of Europe structured cabling market will be due to the efforts made by the European Commission to cut down carbon emission and consumption of electricity.
Key Players Mentioned in this Report are:
Some of the leading players operating in the global structured cabling market are Schneider Electric SE, Legrand SA, CommScope Holding Company Inc., Belden Inc., and Corning Inc. among others.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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