The global structured cabling market is expected to reach USD 15.0 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 5.1% from 2022 to 2027. The growth of the structured cabling market can also be attributed to the spurring communication infrastructure and rising emergency of smart cities.
MarketsandMarkets: The global structured cabling market size is projected to reach USD 15.0 billion by 2027, at a CAGR of 5.1% between 2022 and 2027
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The software segment is projected to grow at the highest CAGR during the forecast period
The software segment is expected to exhibit the highest growth due to advancements in technologies. Moreover, the growth is due to the usage of software solutions for monitoring and securing the network infrastructure along with providing information about any failure in the network. Software solutions are also used to secure the network infrastructure from hackers to avoid illegal data transfer.
Category 6A cable type expected to hold the largest share of structured cabling market in 2027
In 2027, the Category 6A cable type is expected to hold the largest share in the structured cabling market. Cables based on this standard are a step up from the Category 6 version by supporting twice the maximum bandwidth. Category 6A is a 10-Gigabit Ethernet over the copper proposal to the Category 6 standard. It is also capable of maintaining higher transmission speeds over longer cable lengths. Category 6A cables come shielded, and their sheathing—which is thick enough to eliminate crosstalk—makes for a much denser, but less flexible cable than Category 6.
IT & telecommunications segment expected to hold the largest share of structured cabling market during the forecast period
The IT & telecommunications segment is anticipated to hold the largest share of the structured cabling market in 2027. The increased demand for structured cabling systems from the IT & telecommunications vertical is mainly due to the digital revolution in the modern IT & telecommunications industry taking a new leap with its transition from implementing digitization to expanding digitalization efforts across multiple business units. Further, IT & Telecommunications companies across developed as well as developing countries exposing themselves to the evolution of the Internet of Things (IoT) technology and its potential benefits in boosting productivity and profitability in business, thereby bolstering the growth of the segment.
Structured cabling market in Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific is expected to register the highest growth in the structured cabling market during the forecast period. China, South Korea, Japan, and the Rest of Asia Pacific are covered under the structured cabling market analysis of Asia Pacific. The increasing number of new data centers and the growing investments in telecommunication network infrastructure have been contributing to the growth of the structured cabling market in this region.
CommScope Holding Company, Inc. (US), Corning Incorporated (US), Legrand (France), Nexans (France), Panduit Corp. (US), Belden Inc. (US), R&M (Switzerland), Furukawa Electric Co., Ltd. (Japan), Schneider Electric (France), The Siemon Company (US) are some key players in the structured cabling market.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the structured cabling market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches, expansions, partnerships, collaborations, contracts, agreements, and acquisitions associated with the structured cabling market.
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