Structured Cabling Market earned USD 11.7 billion in 2022 and estimated to reach USD 17.4 billion in 2030, growing at a CAGR of 5.1% | Size & Analysis

GMI Research analysis indicates that the Structured Cabling Market size was estimated at USD 11.7 billion in 2022 and is slated to register a single digit CAGR of 5.1% over the forecast period, and is projected to reach USD 17.4 billion in 2030.

Structured Cabling Market Trends and Drivers

Factors driving the global Structured cabling market includes increasing demand for high – speed data transmission, growth of cloud computing data and data centers, Technological advancements, and convergence, increasing adoption of smart devices and connected systems, focus on data security and reliability, Expansion of the telecommunications industry, Infrastructure development and urbanization all these factors are helpful in driving the growth and adoption of various cabling solutions across the industries. These factors are ensuring the efficient and reliable communication infrastructure among the consumers. Over the past three decades, the telecommunication sector is expanding globally which is imposing a positive effect on the structured cabling market.  

Based on Vertical, Telecommunication and IT segment is expected to grow at highest CAGR.

With the increasing adoption of bandwidth-intensive applications, such as video streaming, cloud computing, and online gaming, there is a demand for high-speed data transmission. Technological advancements, increase in the need for data security, expansion of the telecommunication, data centric growth are the other factors that are contributing towards the growth of CAGR in the IT and Technological sector which is putting a positive impact in the growth of the structured cabling market.

Based on Region, Asia-Pacific region is projected to hold largest share.

Asia-Pacific region is projected to grow at the highest rate over the next seven years. The main drivers are government measures to support improved infrastructure, digitalization, rapid use of smart devices, expanding population, and investments in cloud and IoT technologies. China and Japan are dominating the market growth. The number of broadcast activities is rising due to the expanding Internet usage in these nations. North America region estimated to hold largest share in the market due to increasing penetration of data centres and increasing IT infrastructures worldwide. ABB, Belden Inc., Corning Incorporated, Furukawa Electric Co., Ltd., Legrand SA, Nexans, and Schneider Electric are leading the North America Market. The region’s rapid expansion can be ascribed to the densely populated manufacturing and telecommunications sectors, both of which heavily utilise structured cabling networks. The market has grown as a result of early acceptance of cutting-edge technologies in a number of industry verticals, including government, residential and commercial, transportation and logistics, and increased usage of fibre optic cables and digital services.

Top Market Players

Some of the major companies operating in the Structured Cabling market are CommScope Inc., Nexans, Legrand, Panduit, Belden Inc., Corning Incorporated, R&M, Furukawa Electric Co., Ltd., Schneider Electric, and Siemon, among others.

Market Segmentation

Segmentation by Solution Type

• Product
o Communication Outlets
o Cables
o Patch Cords & Cable Assemblies
o Patch Panels & Cross Connects
o Racks & Cabinets

• Software

• Service
o Managed Services
o Installation & Consultation
o Maintenance & Support

Segmentation by Cable Type
o Category 5E
o Category 6
o Category 6A
o Others

Segmentation by Vertical
o Residential & Commercial
o IT & Telecommunications
o Transportation
o Government & Education
o Industrial
o Others

Segmentation by Region

• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• North America
o United States of America
o Canada
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE

Our Related Reports:

Wearable Medical Devices Market

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and businesss decisions.

Tags: Structured Cabling Market Trends, Structured Cabling Market