North America dominates the structured cabling market in terms of revenue

Structured cabling is a building or campus cabling infrastructure that consists of several specialized smaller elements called subsystems. This infrastructure provides the transmission of data in the form of voice, video, or text from one point to another through a communication network.

It has been observed that the number of internet users is increasing massively and the use of structured cabling infrastructure allows the users to transmit data at a faster speed. This has led to an increase in the volume of data collection by the organizations. Increasing stress on cost and time management, the need for automation of businesses, and increasing competition among key players in this market are driving the structured cabling market across the globe.

Insight by Industry

Based on industry, the structured cabling market is segmented into industrial, residential & commercial, government, IT & telecommunications, and others. Among all these segments, the IT & telecommunications domain is generating the largest revenue throughout the market. In the present scenario, communication is the key to success for every company, as a result, the incorporation of a communication technology that requires constant connection is important. This requirement is thereby driving the requirement of these systems in IT & telecommunications domain.

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Industry Dynamics

Industry Trend

The structured cabling market has increased considerably due to the need for smooth and fast network communication infrastructure. Almost all the companies from small and medium scale enterprises to large-scale enterprises have already upgraded to structured cabling infrastructure. The increasing demand for structured cabling from large-scale enterprises is the key trend observed in the market. The large-scale sector involves the IT sector, project management, and financial institutions that comprise of highly automated infrastructure, as a result, the demand for structured cabling is rampant in these departments.

Growth Drivers

The extensive demand for high-speed communication networks among the users, the emphasis on the cost and time management among business enterprises, and excessive stress of competition are the key factors driving the growth of the structured cabling market. It has been observed that technology is enabling enterprises to take quick, efficient, and effective decisions. This tends to the need for a good quality of cabling infrastructure and thus increases in the demand of these cabling systems.

Geographic Overview

Geographically, North America dominates the structured cabling market in terms of revenue and will continue to do the same till 2024. The North American market growth is attributed to the automation of all business organizations. This factor of upgrading the infrastructure to a fully automated system is a crucial reason for the bolstering demand of this system. Moreover, enterprises are seeking an alternative that offers fast and smooth communication networks in their business process and a structured cabling system enables the companies to achieve this objective.

Moreover, Asia-Pacific is anticipated to witness the fastest growth during the forecast period specifically in countries such as China and Japan. The growth of the structured cabling market in this region is accounted for the adaptation of digital services at an extensive rate and adaptation of structured cabling in the IT domain of this region.

Competitive Insight

Key players in the structured cabling industry are investing in improving the quality of material and developing the latest technologies that are strengthening their position in the structured cabling market. The key players operating in the global structured cabling market include Nexans S.A., CommScope, Inc., Panduit Corp., Siemon, Teknon Corporation, Schneider Electric SE, Legrand, Belden, Inc., ABB Ltd., Panduit Corp., and Corning, Inc.

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