The
global structured cabling market is exhibiting a robust growth over
the next few years. A research report by Transparency Market Research
(TMR) says that the market stood at US$7.1 bn in 2014. Analysts at
TMR expect it to rise at a CAGR of 7.10% between 2015 and 2021 and
reach US$11.4 bn by the end of 2021. As per the findings of the
report, the rising demand for higher bandwidth in the global arena is
the key factor, driving the worldwide market for structured cabling.
The
worldwide structured
cabling market is analyzed on the basis of the types of solutions
available and their application. Based on solution type, the market
is broadly segmented into hardware, software, and services and these
solutions mainly serve for residential, commercial, industrial,
government, and transportation purposes.
Hardware
to Remain Leading Market Segment
The
hardware segment leads the global structured cabling solutions market
at present. In 2014, it accounted for 89% of the overall market.
Analysts expect this segment to maintain its position in the coming
years.
Fiber
cable, copper cable, racks and cabinets, patch panels and cross
connects are the major components of the hardware segment of the
global structured cabling market. Among these, the demand for copper
cable is the highest.
In
2014, the copper cable segment held over 59.6% of the overall market.
The cost efficiency of copper cables, supported by their longer
lifespan, is the main factor behind their soaring demand.
Additionally, the cost of maintenance for these cables is very less
owing to which, the segment is likely to witness a steady growth in
the coming years.
The
fiber cable market, on the other hand, is projected to report the
highest CAGR of 8.0% during the period from 2015 to 2021. The
compactness of fiber cable is boosting its popularity among
consumers.
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Asia
Pacific to Report Fastest Growth
Regionally,
the global structured cabling market is spread across North America,
Europe, Asia Pacific, and the Rest of the World. North America, among
all the regional markets for structured cabling, led the global
structured cabling market until recently. It accounted for a share of
38.8% in the overall market in 2014.
The
presence of a large number of data centers and the high penetration
of the Internet have accelerated the demand for advanced structured
cabling infrastructure, required to provide higher bandwidth in this
region. This significantly aided the growth of the North America
structured cabling market.
On
the other hand, the Asia Pacific structured cabling market is
projected to exhibit the fastest CAGR at 7.90% between 2015 and 2021.
The rapid rise as well as the expansion of data centers and the
infrastructure for IT & communication is the key reason behind
the development of this regional market. The decrement in the cost
required to setup the structured cabling infrastructure is propelling
this market in Asia Pacific.
The
global structured cabling market is moderately concentrated in
nature. ABB Ltd., Panduit Corp., Nexans Société Anonyme., CommScope
Holding Co. Inc., Siemon Co. LLC, Legrand SA, Furukawa Electric Co.
Ltd., Corning Inc., Schneider Electric SE, and Belden Inc. are the
major players operating in this market.
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research techniques in developing distinctive data sets and research
material for business reports.
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