Global Structured Cabling Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
1 Nov, 2021
The structured cabling market consists of sales of structured cabling products by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing structured cabling systems of cabling and associated hardware. Structured cabling is defined as building or campus cabling infrastructure such as telecommunication cabling or ethernet cabling, a properly designed and installed structure cabling provides the infrastructure that delivers the flexibility to make changes to the cabling system, maximize system availability, delivers predictable performance.
Global Structured Cabling Market Size And Drivers:
The global structured cabling market is expected to grow from $11.00 billion in 2020 to $11.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.50 billion in 2025 at a CAGR of 8.4%. The increasing demand for high-speed connectivity is likely to contribute to the growth of the structured cabling market.
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Trends In The Global Structured Cabling Market
The companies operating in the structured cabling market are continuously focusing on developing new products to empower enterprises digitally and to generate higher revenues for the company. Hence, the launch of innovative solutions is gaining immense popularity in the structured cabling market. For instance, in November 2019, DIGISOL Systems Ltd., a provider of IT networking solutions, launched ConvergeX, a series of enterprise structured cabling solutions. The name ConvergeX refers to the term Converge, which stands for a single network that carries and unifies a combination of voice, video, and data traffic, whereas X stands for extreme speed. The newly launched structured cabling series aims to enhance the way enterprise works and unlocks opportunities for the future.
Global Structured Cabling Market Segments:
The global structured cabling market is further segmented –
By Product Type: Fiber Optic Cables, Copper Cables
By Application: LAN, Data Center
By End Use Industry: IT & Telecommunication, Residential & Commercial, Government & Education, Transportation, Industrial, Others
By Geography: The global structured cabling market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/structured-cabling-global-market-reportStructured Cabling Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides structured cabling market overviews, analyzes and forecasts market size and growth for the global structured cabling market, structured cabling market share, structured cabling market players, structured cabling market segments and geographies, structured cabling market’s leading competitors’ revenues, profiles and market shares. The structured cabling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.