Structured Cabling Market By Component (Hardware, Software), End-User (IT and Telecom, BFSI (Banking, Financial Services and Insurance)), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Structured Cabling Market Valuation – 2024-2031

The growing need for data centers and cloud services is propelling the adoption of structured cabling. Innovations in technology, such as 5G and IoT, require advanced cabling systems to support increased bandwidth and connectivity needs are driving the market size surpass USD 12.63 Billion valued in 2024 to reach a valuation of around USD 26.5 Billion by 2031.

In addition to this, the rise in smart buildings and smart cities necessitates is spurring up the adoption of structured cabling. The rising demand for higher internet speeds and greater network efficiency is enabling the market grow at a CAGR of 10.70% from 2024 to 2031.

Structured Cabling MarketDefinition/ Overview

Structured cabling refers to a standardized system of cabling and connectivity components that provide a comprehensive and flexible network infrastructure. It consists of various structured elements, such as cables, connectors, patch panels, and management hardware, designed to support telecommunications, data, and network systems in a structured and organized manner. The system ensures efficient data transmission, easy upgrades, and scalability.

Structured cabling is widely used in various applications, including commercial buildings, data centers, telecommunications networks, and industrial facilities. It supports high-speed data transmission for internet, voice, and video services, facilitates network management, and provides a reliable foundation for IT infrastructure. Its modular and organized design simplifies troubleshooting, maintenance, and expansion, making it essential for modern networking environments.

Also, Innovations such as fiber optic cables, higher bandwidth solutions, and integration with emerging technologies like 5G and IoT will enhance the performance and capacity of structured cabling systems.

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How will Expansion of Data Centers and Cloud Computing Services Increase in Adoption of Structured Cabling?

Data centers and cloud computing are really making the structured cabling market take off! As companies depend more and more on data centers to handle all that data, they need reliable, super-fast cabling systems. Think of structured cabling as the backbone, keeping everything connected and running smoothly in these data-heavy places. And get thisaccording to the International Data Corporation (IDC), in a report published in March 2024, global spending on data center infrastructure is expected to hit a whopping $237 billion by 2025, with a growth rate of 6.7% each year from 2020!

Advancements in networking technologies, such as 5G and IoT, are driving the need for modern structured cabling systems. These technologies demand higher bandwidth and faster data transmission capabilities, which structured cabling systems are designed to deliver. By offering scalability and flexibility, structured cabling ensures that network infrastructure can adapt to technological advancements and future demands. According to the Global System for Mobile Communications Association (GSMA), in a report published in December 2023, 5G connections are expected to reach 1.8 billion by 2025, representing 21% of total mobile connections.

The growth of smart buildings and IoT applications is also influencing the structured cabling market. Smart buildings use a range of connected devices and systems that require a well-organized cabling infrastructure to operate effectively. Structured cabling supports the integration and management of various building systems, such as lighting and HVAC, facilitating the expansion of smart technology and enhancing overall building management.

Will Complexity of Installation and Maintenance of Structured Cabling Restrain Its Application?

The complexity of installation and maintenance can also pose challenges for the structured cabling market. Setting up a structured cabling system requires specialized knowledge and skills to ensure proper configuration and performance. Additionally, maintaining and upgrading these systems can be labor-intensive and require ongoing technical support, which can be a constraint for organizations without in-house expertise.

The rapid pace of technological advancements can lead to concerns about the obsolescence of structured cabling systems. As new technologies emerge and network requirements evolve, there is a risk that existing cabling infrastructure may become outdated. This can create a need for frequent upgrades or replacements to stay current with industry standards and technological advancements, adding to the overall cost and complexity of maintaining an up-to-date network infrastructure.

The high initial cost of implementing structured cabling systems can be a significant barrier for some organizations. The expense associated with purchasing and installing the required components, such as cables, connectors, and patch panels, can be substantial, particularly for small and medium-sized enterprises. This upfront investment may deter some businesses from adopting structured cabling solutions despite their long-term benefits.

Category-Wise Acumens

Will Hardware Segment Lead the Structured Cabling Market?

When you think about network cabling, the physical stuff – the hardware – is really where it all starts, right? That's why it's the big dog in the structured cabling market. In fact, in 2023, hardware grabbed a whopping 75% of the global market share! We're talking about the essential gear like cables, patch cords, patch panels, connectors, and outlets - all those bits and pieces that make sure your network actually, you know, works. Since everyone needs reliable and speedy networks, the demand for all this hardware is huge, making it the biggest piece of the pie. By the way, CBRE's Global Real Estate Market Outlook, from December 2023, says Global office construction completions are looking at a 7% jump in 2024, hitting 54.7 million square feet.

The demand for hardware is driven by the ongoing expansion of data centers, office buildings, and industrial facilities, all of which require robust cabling solutions to support their network needs. The growth in these sectors ensures a continuous need for high-quality cables and components that can handle increased data traffic and provide stable connections.

Additionally, hardware forms the backbone of structured cabling systems, providing the necessary infrastructure for other network components to function effectively. As technological advancements and network demands evolve, the importance of upgrading and maintaining hardware remains a priority, reinforcing its dominance in the structured cabling market.

Which Factors Enhance the Use of Structured Cabling in IT And Telecom?

The IT and telecom sectors dominate the structured cabling market due to their critical need for robust and reliable network infrastructure. These industries require extensive cabling systems to support large-scale data transmission, high-speed internet connectivity, and seamless communication networks. The constant demand for enhanced network performance and capacity in IT and telecom drives substantial investments in structured cabling solutions. The Telecommunications Industry Association (TIA) reported in March 2024, 68% of all structured cabling installations in 2023 were in IT and telecom facilities, including data centers and network operations centers.

The rapid growth of data centers and the expansion of telecom networks significantly contribute to the dominance of the IT and telecom sectors in the structured cabling market. GSMA Intelligence reported in April 2024, Global 5G connections are expected to reach 1.8 billion by 2025, representing 21% of total mobile connections. As these industries continue to evolve with advancements like 5G technology and cloud computing, the need for efficient and scalable cabling systems becomes even more pronounced. Structured cabling provides the backbone for these technological developments, ensuring optimal performance and future-proofing the network infrastructure.

Gain Access into Structured Cabling Market Report Methodology

Country/Region-wise Acumens

Will Early Adoption of Technologies in North America Drive Structured Cabling Market Growth?

North America really calls the shots in the structured cabling world. Why? Because they have some seriously strong tech and are always jumping on the latest gadgets and gizmos. Think of it this wayback in March 2024, the U.S. Department of Commerce said the North American market was worth a whopping USD 7.2 Billion in 2023, grabbing about 35% of the whole global pie. All those huge tech companies and data centers? They're constantly hungry for cabling that's super efficient and fast. Plus, the IT and telecommunications industries are booming here, which means everyone needs cabling systems that can handle tons of data without breaking a sweat. And with cloud services and big data analytics going crazy, data centers are popping up everywhere, giving the structured cabling market another big boost.

Keeping North America on top is its dedication to improving and updating what's already there – its infrastructure. Think of it as giving everything a serious upgrade! Governments and companies are putting big bucks into smart city projects and rolling out super-fast internet. Of course, that means we need some pretty fancy cabling to make sure everything connects smoothly. Plus, the rules here help too! North America's proactive regulatory environment, with its stringent standards for cabling products and installation practices, ensures high quality and reliability. That helps the market grow stronger. There's also a big push for research and development that’s leading to better, more affordable cabling solutions. For example, the U.S. Federal Communications Commission (FCC) announced in April 2024, A USD 20 Billion Rural Digital Opportunity Fund to expand broadband access in underserved areas over the next decade.

Will Rising Industrialization Enhance Adoption of Structured Cabling in Asia Pacific?

Asia Pacific's structured cabling market is really taking off! We're seeing some serious growth, mostly thanks to big investments in building new stuff and getting more techy. Countries like China, India, and Japan are leading the way, with booming telecom industries and everyone wanting super-fast internet. Think about itall those smart city projects and the rollout of 5G? They're a huge reason why we need more and better structured cabling. These projects depend on cabling systems that can handle complex tasks and tons of data – you know, everything that makes smart cities and 5G work.

Asia Pacific's structured cabling market is really taking off, and you can largely thank the booming data center business for that. Think about itdata is exploding, everyone's using cloud services, so we need cabling that can handle all that storage and send it flying. That's why you're seeing big players, both global giants and local heroes, dropping serious cash on new data centers and upgrading the ones they already have. All that building? It's fueling a massive demand for structured cabling solutions. Plus, with industries like finance, healthcare, and even your neighborhood retail spot going digital at lightning speed, they're all hungry for strong cabling systems to keep their IT infrastructure humming along.

Competitive Landscape

The structured cabling market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the structured cabling market include

  • CommScope, Inc.
  • Corning Incorporated
  • Prysmian Group
  • Schneider Electric
  • Legrand
  • Belden, Inc.
  • Nexans
  • Panduit Corp.
  • Siemon Company
  • TE Connectivity
  • ABB Ltd.
  • Molex LLC
  • Hubbell Incorporated
  • Furukawa Electric Co., Ltd.
  • R&M (Reichle & De-Massari AG)
  • Superior Essex
  • Hitachi Cable America, Inc.
  • Siemens AG
  • General Cable (now part of Prysmian Group)
  • AMP Netconnect (TE Connectivity brand)

Latest Developments

  • In March 2024, CommScope unveiled its new AIM-QUOTE software platform, designed to automate the design and quotation process for structured cabling systems in data centers and enterprise networks.
  • In February 2024, Belden Inc. announced the launch of its DCX Optical Distribution Frame, a high-density fiber management system aimed at improving cable organization and accessibility in large-scale data centers.
  • In January 2024, Panduit Corp introduced its Net-Verseâ„¢ CAT8 Cabling System, engineered to support emerging high-speed applications in data centers and enterprise networks up to 40GBASE-T.
  • In December 2023, Corning Incorporated released its EDGEâ„¢ Rapid Connect Solution, a modular structured cabling system designed to reduce installation time and improve scalability in hyperscale data centers.
  • In November 2023, Leviton Network Solutions unveiled its Atlas-X1â„¢ Cat 8.2 Shielded System, offering support for 25G/40GBASE-T applications in data center and high-performance computing environments.
  • In October 2023, Siemon launched its LightWaysâ„¢ Fiber Routing System, an innovative cable management solution designed to optimize space utilization and improve airflow in high-density data center environments.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~10.70% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Component
  • End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

CommScope, Inc., Corning Incorporated, Prysmian Group, Schneider Electric, Legrand, Belden, Inc., Nexans, Panduit Corp., Siemon Company, TE Connectivity, ABB Ltd., Molex LLC, Hubbell Incorporated, Furukawa Electric Co., Ltd., R&M (Reichle & De-Massari AG), Superior Essex, Hitachi Cable America, Inc., Siemens AG, General Cable (now part of Prysmian Group), AMP Netconnect (TE Connectivity brand)

Customization

Report customization along with purchase available upon request

Structured Cabling Market, By Category

Component

  • Hardware
  • Software
  • Services

End-User

  • IT and Telecom
  • BFSI (Banking, Financial Services and Insurance)
  • Healthcare
  • Manufacturing

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

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Pivotal Questions Answered in the Study

The expansion of data centers and cloud computing services is propelling the demand for adoption of structured cabling market.
The structured cabling market is estimated to grow at a CAGR of 10.70% during the forecast period.

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