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
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationStructured Cabling Market By Component (Hardware, Software), End-User (IT and Telecom, BFSI (Banking, Financial Services and Insurance)), & Region for 2024-2031
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?
The expansion of data centers and cloud computing services is a significant driver for the structured cabling market. As organizations increasingly rely on data centers for managing large volumes of data, the demand for reliable and high-performance cabling systems rises. Structured cabling provides a critical infrastructure to support high-speed data transmission and efficient network operations, ensuring seamless connectivity in these data-intensive environments. According to the International Data Corporation (IDC), in a report published in March 2024, Global spending on data center infrastructure is projected to reach $237 billion by 2025, growing at a CAGR of 6.7% from 2020 to 2025.
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?
Hardware dominates the structured cabling market due to its foundational role in network infrastructure. In 2023, the hardware segment held a significant share of over 75% in the global structured cabling market. This segment includes essential physical components such as cables, patch cords, patch panels, connectors, and outlets, which are critical for establishing and maintaining effective network connectivity. The need for reliable and high-performance hardware drives significant market demand, making it the largest segment. CBRE’s Global Real Estate Market Outlook, published in December 2023, reported Global office construction completions are expected to reach 54.7 million square feet in 2024, a 7% increase from 2023.
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.
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Country/Region-wise Acumens
Will Early Adoption of Technologies in North America Drive Structured Cabling Market Growth?
North America is a dominant player in the structured cabling market, primarily due to the region’s robust technological infrastructure and high adoption rate of advanced technologies. According to the U.S. Department of Commerce, in a report published in March 2024, The North American structured cabling market was valued at USD 7.2 Billion in 2023, accounting for approximately 35% of the global market share. The presence of major technology companies and data centers has driven the demand for efficient and high-performance cabling solutions. The continuous growth of the IT and telecommunications sectors in North America necessitates reliable and scalable cabling systems, which are essential for supporting the vast amounts of data generated and transmitted. Additionally, the rapid expansion of data centers, driven by the increasing demand for cloud services and big data analytics, further boosts the market for structured cabling in the region.
The region’s strong focus on upgrading and modernizing existing infrastructure plays a crucial role in maintaining its market dominance. Governments and private enterprises are investing heavily in smart city initiatives and the deployment of high-speed internet networks, which require sophisticated cabling solutions to ensure seamless connectivity. North America’s proactive regulatory environment also supports market growth by setting stringent standards for cabling products and installation practices, ensuring high quality and reliability. The region’s emphasis on research and development fosters innovation in cabling technologies, leading to the introduction of more efficient and cost-effective solutions. 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 presents rapid growth in the structured cabling market, primarily owing to its The Asia Pacific region is experiencing rapid growth in the structured cabling market, fueled by significant investments in infrastructure development and technological advancements. Countries such as China, India, and Japan are at the forefront of this growth, driven by their expanding telecommunications sectors and the increasing demand for high-speed internet connectivity. The rise of smart city projects and the deployment of 5G networks in these countries are major contributors to the burgeoning demand for structured cabling solutions. These initiatives require reliable and efficient cabling systems to support the complex and high-bandwidth applications essential for smart city and 5G operations.
Additionally, the region’s burgeoning data center industry is a key driver of the structured cabling market. With the exponential growth of data generation and the increasing reliance on cloud services, there is a pressing need for scalable and high-performance cabling infrastructure to support data storage and transmission. Major global and local companies are investing heavily in building new data centers and upgrading existing ones across Asia Pacific, further boosting the demand for structured cabling solutions. The rapid digital transformation of industries such as finance, healthcare, and retail also contributes to market growth, as these sectors require robust cabling systems to support their IT infrastructure.
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 ATTRIBUTES | DETAILS |
|---|---|
| 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 |
|
| Regions Covered |
|
| 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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