The Structured Cabling Market to grow by USD 7,377.88 million from 2022 to 2027, ABB Ltd. and Belden Inc. emerge as Key Contributors to growth

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02 Aug, 2023, 11:30 ET

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NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The structured cabling market is to grow by USD 7,377.88 million from 2022 to 2027 progressing at a CAGR of 9.03% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in data centers. The growing telecommunication sector is a key factor driving market growth. This growth is due to the advances in cellular networks, networks, and cloud systems. Furthermore, major telecommunications operators are investing heavily to expand 4G coverage in populous countries like India. Meanwhile, developed countries such as the United States have already deployed 5G connectivity, surpassing APAC in terms of technology. These changes in the telecommunications sector are expected to increase the demand for structured cabling systems during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The report on the structured cabling market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The structured cabling market covers the following areas:

Structured Cabling Market 2023-2027 - Market Dynamics

Major Trends

Emerging cloud computing technology is a major trend in the market. Maintaining and investing in on-premises data center infrastructure is costly and challenging for enterprises, so enterprises choose to invest resources in more strategic areas, leading to the adoption of cloud-based services. Cloud computing enables companies to access talent and explore business opportunities from anywhere in the world, regardless of location. Industries such as healthcare and life sciences can leverage cloud-based technologies such as artificial intelligence (AI) and machine learning to provide advanced data analytics solutions. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenges

The volatile raw material price is a significant challenge restricting market growth. Aluminum and copper are the main raw materials in structured cable systems. Sourcing these materials involves a significant investment for all suppliers. The high melting point and durability of these materials make them ideal for use in industries that require resistance to extreme conditions. Vendors often adjust final product prices to accommodate fluctuations in metal costs. Hence, fluctuating material prices are expected to restrict market growth during the forecast period.

Structured Cabling Market 2023-2027: Market Segmentation

The structured cabling market is segmented by type (copper cable and fiber optic cables), end-user (data center, telecommunications, industrial, and buildings), and geography (North America, Europe, APAC, South America, the Middle East, and Africa).

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

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Structured Cabling Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.03%

Market growth 2023-2027

USD 7,377.88 million

Market structure

Fragmented

YoY growth 2022-2023(%)

7.24

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Belden Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Corning Inc., Datwyler Holding Inc., Eland Cables Ltd., Furukawa Electric Co. Ltd., Hubnetix Corp., Legrand SA, LS Corp., Nexans SA, Nutmeg Technologies, Panduit Corp., Prysmian Spa, Schneider Electric SE, TE Connectivity Ltd., The Cabling Co., The Siemon Co., and WESCO International Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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