The global structured cabling market is growing at a considerable CAGR of 4.2% during the forecast period (2024-2031). The market growth is primarily driven by the increasing need for automation in businesses. Additionally, the increasing traction towards fiber optic and coaxial cables, and data transfer at a faster speed, contribute towards market growth during the forecast period. However, the high installation cost restraints the market growth. The increasing adoption optical fibers is presenting significant opportunity for market growth.
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The global structured cabling market is segmented by component (cables (fiber optic cables and copper cables), patch cables and cable assemblies, patch panels and cross connects, racks and cabinets and other), by application (data center and LAN), by industry (IT & telecom, manufacturing, Banking, Financial Services, and Insurance (BFSI), healthcare and other), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).
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Market Dynamics
- LAN segment is anticipated to hold the largest market share during the forecast period, owing to the increasing demand of the network by businesses, owing to the increasing need of data centralization and security.
- Asia-Pacific is anticipated to project considerable growth, owing to the rapid industrialization and urbanization, rising technological development, and increasing demand for high-speed internet networks in the region.
- Additionally, the rising development of IT hubs in India, China, and South Korea are contributing significantly to the growth of structured cabling market in Asia-Pacific.
The key players in the global structured cabling market are contributing significantly to the market growth by providing different types of products and increasing their geographical presence. The key players in the market include ABB, Belden Inc., Cabling Co., Legrand SA, and Schneider Electric among others.
Recent Development
- In August 2024, three new subsea cable projects were launched in India. The projects include 2Africa Pearls, India-Asia-Express (IAX), and India-Europe-Express (IEX). 2Africa subsea cable went live in 2024, while IAX, and IEX are expected to be operational by March 2025. The projects connects the country to the globe through multiple submarine cable systems, such as the Southeast Asia-Middle East-Western Europe (SEA-ME-WE) system, the Bay of Bengal Gateway (BBG) system, and the India-Middle East-Western Europe (IMEWE) system.
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