A number of players in the global structured cabling market are focusing on launching advanced solutions to meet the modern needs of the corporate sector, in order to gain a competitive edge over others, finds Transparency Market Research (TMR). Some of the players holding prominent position in the market are Belden Inc., Corning Inc., Schneider Electric SE, CommScope Holding Company, Inc., and Legrand.
The various applications of structured cabling comprise commercial, residential, government, industrial, and transportation. Of these, the commercial segment leads the pack contributing the dominating share in 2014 and is projected to rise at a CAGR of 7.1% during the forecast period of 2015–2021. The substantially rising need for higher bandwidth in commercial sector for data transmission is bolstering the uptake.
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Regionally, North America accounted for the leading share of the global market in 2014. However, taking into account the mature nature, the regional market is expected to rise at a lackluster growth over the forecast period. Europe stands as the second contender. The rising demand for the structured cabling in the region is driven by the need for bringing efficiency in electricity consumption and reducing carbon emissions in its various economies.
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Demand for Reliable Comprehensive Telecommunications Infrastructure to bolster Uptake
The substantial need for cost-effective and reliable comprehensive telecommunications infrastructure that can help businesses meet a wide variety of communication requirements is a key underpinning to the demand for structure cabling. World over, the extensive demand for structured cabling infrastructure to address the burgeoning requirement of high bandwidth in enterprises is a primary factor driving the market. The need for high bandwidth among organizations in various industries is attributed mainly for increasing IT scalability and boost growth.
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The intensifying need for modern network infrastructure among businesses is bolstering the demand for structured cabling. The demand for organized cabling system is prominent in the corporate sector who are focused on developing new services. The need for enhanced flexibility is also expected to fortify the demand for structured cabling. The striking flexibility to adapt to any network infrastructure changes for enterprises is an attractive proposition for the adoption of structured cabling.
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