According
to a new market report published by Transparency Market Research
“Structured Cabling Market - Global Industry Analysis, Trend, Size,
Share and Forecast 2015 - 2021”, structured cabling market was
valued at US$7.11 bn in 2014 and is expected to reach US$11.45 bn by
2021, at a CAGR of 7.1% from 2015 to 2021.
The
global structured cabling market is primarily driven by increasing
demand for higher bandwidth globally. High bandwidth is most
important for applications such as video calling, faster data
transmission, online gaming and file downloading among others. Thus
with the increase in the number of internet users, the demand for
high bandwidth is expected to increase considerably across different
commercial, industrial and IT (information technology) sectors.
structured-cabling-market
According
to the United Nation’s International Telecommunications Union, the
number of internet users worldwide was estimated to be around 3
billion in 2014. This number is expected to increase considerably in
the coming years and in line with this, structured network demand
over corporate sector is also expected to increase through forecast
period. This in turn triggers the need of advanced structured cabling
solution globally. In addition, the need for modernization and
expansion of communication network adopted by different enterprises
is also expected to accelerate the demand for structured cabling
globally.
The
global structured cabling market is segmented on the basis of
solution type, application and geography. By application, the
structured cabling market has been segmented into commercial,
residential, government, industrial and transportation. On the basis
of solution type, structured cabling market is segmented into
hardware, software and service.The hardware segment is further
segmented into fiber cable, racks and cabinets, copper cable and
patch panel and cross connects. By geography, the structured cabling
market has been classified into: North America, Asia Pacific, Europe
and Rest of the World (ROW).
Among
the different solution type of structured cabling, hardware segment
held the largest market share with 89.0% share in 2014. The hardware
segment is mainly driven by copper cable. However, across the
different applications of structured cabling, the residential sector
is expected to be the fastest growing market during the forecast
period. The modular design of structured cabling is very flexible and
supports future up gradation where new cable structure can be added
or move without any new modification in the cabling infrastructure.
This makes it most suitable for residential purpose and thus results
in higher adoption of structured cabling infrastructure in the
residential sectors. By geography, North America held the largest
market share in structured cabling market and accounted for 38.8%
market share in 2014. Being a mature market owing to high penetration
level, the structured cabling market in North America is predicted to
experience sluggish growth in the coming years. Europe held the
second largest market share in the global structured cabling market.
Initiative taken by European Commission to reduce carbon emission and
electricity consumption is also responsible for the robust growth of
structured cabling market in Europe during the forecast period.
No comments:
Post a Comment