The global structured cabling market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2024-2031). The rising internet penetration is one of the prime factors affecting and driving the market. Internet users can obtain increasing internet speed by the use of fiber optics along with coaxial cables. The speed given by fiber optic cable is up to 1 gigabit per sec which is 20 times faster than regular cable.
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Further, key players operating in the global structured cabling market had been adopting strategies such as new launches and collaboration to gain major market share. For instance, in January 2020, WESCO International, Inc. had announced its merger agreement under which the company will acquire Anixter International Inc., one of the companies that supply goods and services for communication, security, wire and cable, audio-visual among others at a transaction cost of around $4.5 billion. Through this acquisition, the company will enhance and balance its portfolio with the utility of Anixter’s expertise in communication, security, wire, and cable among others.
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Market Coverage
- Segment Covered-
o By Component
o By Application
o By Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ABB, Belden Inc., Cabling Co., Legrand SA, and Schneider Electric
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Structured Cabling Market
By Component
- Cables (Fiber Optic Cables and Copper Cables)
- Patch Cables and Cable Assemblies
- Patch Panels and Cross Connects
- Racks and Cabinets
- Other
By Application
- Data Center
- LAN
By Industry
- IT & Telecom
- Manufacturing
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Other
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
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