Brand Story
24 May 2023, 03:43 GMT+10
The structured cabling market refers to the market for systems used to organize and manage communication networks in commercial, industrial, and residential buildings. Structured cabling includes the cables, connectors, and other components used to transmit data, voice, and video signals over a network. The market has seen growth in recent years due to the increasing demand for high-speed and reliable communication networks, as well as the growing adoption of Internet of Things (IoT) and other technologies that require high-speed connectivity. Key players in the market include companies such as CommScope, Legrand, and Panduit.
Structured cabling has seen a huge increase in popularity in recent years due to the rapidly expanding need for more network capacity and the impressive adoption of 5G technology. Future updates will benefit greatly from structured cabling, which also provides the advantages of quicker installation and less bulky wiring. As a result, there is a growing need for structured cabling from the IT & telecommunications, business, industrial, and other sectors of the economy. The global market for structured cabling is anticipated to grow at a remarkable CAGR of more than 7% through 2031, according to Fact.MR.
Download Free Sample Copy of this Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=1030
Market Segmentation
Key Takeaways from Structured Cabling Market Study
Surge in Demand from Industrial Sectors Bolstering Growth
Structured cabling is widely used in industrial Internet of Things (IoT), as it is highly effective in providing end-to-end network connectivity while streamlining the operational environment. With fast growth of industrial IoT, structured cabling manufacturers are forecast to experience surge in demand over the coming years.
As per a report published by the Inter-American Development Bank (IDB), the global industrial IoT sector is growing fast to reach at 41.6 billion connected IoT devices generating 79.4 zettabytes (ZB) of data in 2025, while worldwide total spending on IoT is forecast to surpass US$ 1 trillion by 2022. These statistics indicate huge scope for structured cabling manufacturers over the coming years.
More Valuable Insights on Telecom Structured Cabling Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Telecom Structured Cabling, Sales and Demand of Telecom Structured Cabling, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Get a daily dose of The US News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to The US News.
More InformationNEW LONDON, Connecticut: Video footage taken deep in the Pacific Ocean provided the first detailed view of three World War ...
CUSTER STATE PARK, South Dakota: As part of an annual effort to maintain the health of the species, which has ...
TASHKENT, Uzbekistan: Uzbek authorities said a powerful explosion on September 28 at a warehouse near Tashkent's airport killed one person ...
TALLAHASSEE, Florida: The Florida Lottery said this week that the second-largest lottery winner in U.S. history has come forward to ...
LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with ...
KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...
CHICAGO, Illinois: On September 29, the union representing United Airlines' pilots said its members had ratified a new four-year contract, ...
SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...
STOCKHOLM, Sweden: Swedish lithium-ion battery producer Northvolt announced this week that it would build a $5.2 billion gigafactory in the ...
SACRAMENTO, California: Fast food workers will now receive $20 per hour in California, after the governor signed a fast food ...
BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...
BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected ...