The global structured cabling market is expected to grow at a CAGR of 5.8% during 2016 – 2022. Among the various products, copper cable contributed highest to the global structured cabling market in 2015. The increasing number of data centers and demand for technologies, such as Wi-Fi, cloud computing and IoT, have been further elevating the need for standardized cabling solutions, such as structured cabling. To meet the escalating demand for structured cabling, the market players in this industry are introducing new products.
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The market for fiber based structured cabling products has been growing at a higher pace as compared to their copper counterparts. The 5e wire category has been observed to be in the declining stage of its life cycle, which is evident from its declining sales in North America and Europe. However, the decline of this market segment is being offset by the category 7 wires.
The unexplored market across the globe, including countries in Asia-Pacific, Latin America and Africa, is creating ample opportunities for the structured cabling market. The increasing number of data centers and demand for high speed internet networks have been spurring the market growth in these regions. Countries such as China, India and Brazil are expected to play a pivotal role in the growth of global structured cabling demand. Structured cabling is used widely in Wi-Fi services. Wi-Fi is expected to account for more than 60% usage of the global mobile data traffic by next five to six years. The demand for Wi-Fi services in developing countries is also expected to shoot up during the coming years, which is consequently expected to offer opportunities for the structured cabling market.
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Structured cabling makes cabling management simple as it can be administered and managed with the involvement of minimum number of staffs. In the current scenario, when every growing organization wants a hassle-free IT infrastructure, the demand for structured cabling has been increasing. It saves cost as well as time of business organizations such as data centers. It is a more organized and standardized approach as compared to patch cords.
The standardization of connectors, copper and fiber cabling further simplifies the planning and implementation of IT networks. The structured cabling standards also define a series of subsystems that facilitate design, installation and operation, and maintenance of IT networks.
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CommScope was the market leader in the global structured cabling market in 2015. The other major companies operating in the global structured cabling market include Corning Inc., Panduit Corp., ABB Ltd, Schneider Electric, Nexans, Belden, and Furukawa Electric.