In brief:
- The structured cabling market recorded a CAGR of over 6% during the period, 2013 to 2017. The structured cabling industry has been underpinned by the continual expansion in the datacenters, the increasing mobile internet subscriptions, and the constantly changing business infrastructure.
- Value of the structured cabling market was estimated at nearly US$ 16 billion in 2018, and is forecast to record a CAGR of approximately 8% through 2028.
- North America remains the leading market for structured cabling, undergird by the proliferation of data center projects in the U.S. Additionally, significant evolutions in the region’s telecommunication industry will continue to influence the demand side trends in the structured cabling market.
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Key Growth Drivers of the Structured Cabling Market?
- Structured cabling industry is under a radical transformation, with focus of companies on modernization of infrastructure. Enterprises are making investments into expanding and revolutionizing their network and communication infrastructure in response to the changing business landscape, thereby paving remunerative avenues for the structure cabling market players.
- As 5G technology continues to witness a marked penetration globally, enterprises and businesses are adopting newer ways to cope up with the network transformation. Regardless of the increasing incorporation of wireless technology globally, fiber will continue to remain an integral component of the network infrastructures. 5G deployments and trials are laying the foundation for new structured cabling installations, thereby translating into promising opportunities for established as well as emerging structured cabling providers.
- The datacenter industry is on an upward spiral, in light of increasing investments by companies, which are creating the need to manage larger volumes of data. Furthermore, the emergence of modular data centers have stimulated the utilization of modularized data cabling solutions that hold superior networking capabilities.
- The increasing demand for sophisticated network infrastructures along with improved performance and connectivity has further complemented growth of the structured cabling market. As the focus of the telecommunication industry on point-to-point cabling solutions continues to grow, the paradigm shift from conventional to structured cabling solutions among companies is increasingly palpable.
Competition Analysis of Structured Cabling Market
The structured cabling market remains a consolidated landscape, with nearly 50% shares held by the top five companies. Key players operating in the structured cabling market are emphasizing the provision of novel structured cabling hardware and services. Partnership with service providers that offer installation and consultation services continues to remain a key growth strategy of leading players in the structure cabling market, while emerging players are focusing on in-house service offerings.
Key players operating in the structured cabling market, as profiled in the report, include Corning Incorporated, CommScope Holding Company, Inc., Nexans S.A., Legrand SA, Datwyler Cabling Solutions AG, Panduit Corp., The Siemon Company, Schneider Electric SE, ABB Ltd., Nutmeg Technologies, Superior Essex Inc., Belden Inc., Furukwa Electric Co. Ltd., Hubnetix Corporation, Tri-City Electric Co., and others.
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