Published on : May 06, 2016
The global market for structured cabling is exhibiting the sign of a strong rise over the next few years. The increasing demand for higher Internet bandwidth across the world is the key driving force behind the significant growth of this market.
Hardware to Maintain Dominance in Global Structured Cabling Market
Software, hardware, and services are the major segments in the worldwide structured cabling market. In 2014, the hardware segment led the overall market with a share of approximately 90%. Experts have anticipated that this segment will maintain its lead over the next few years.
The hardware market for structured cabling includes copper cable, fiber cable, racks and cabinets, cross connects, and patch panels. In 2014, the copper cable segment acquired a share of approximately 60% of the overall demand for hardware in this market. The fiber cable segment is projected to rise at a CAGR of 8.0% between 2015 and 2021.
Asia Pacific to Report Fastest Growth in Global Structured Cabling Market
North America led the global market for structured cabling in 2014 with a share of 38.8%. The presence of a large number of data centers and the increased usage of the Internet have escalated the demand for advanced structured cabling infrastructure in this region, which is required to provide higher bandwidth, adding significantly to the growth of the North America market for structured cabling.
Asia pacific, on the other hand, is expected to record the fastest growth among all the regional markets for structured cabling at a CAGR of 7.90% during the period from 2015 to 2021. The rapid rise of data centers and the infrastructural development of the IT and communication industry in this region is the key factor behind the anticipated growth of the Asia Pacific market for structured cabling.
The global market for structured cabling exhibits moderately concentrated competitive landscape. CommScope Holding Co. Inc., Siemon Co. LLC, Nexans Société Anonyme., Panduit Corp., Corning Inc., ABB Ltd., Schneider Electric SE, Belden Inc., Furukawa Electric Co. Ltd., and Legrand SA are some of the major participants functioning in this market.