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Structured Cabling Marketis Poised to Exhibit A Moderate 7.1% CAGR through 2018 to 2028
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Digitalization has impacted the manufacturing and construction sectors, creating demand for advanced data infrastructure that makes use of structured cabling. Structured cabling has been deemed as proficient solution to reduce risks, enhance speed and at the same time support data security. Emergence of 5G will continue to fuel demand for efficient data cabling solutions, particularly in the developed economies. However, high initial cost of installation is a key growth deterrent for the structured cabling market.
A recent Fact.MR study foretells the structured cabling market to record an impressive expansion at 7.1% CAGR over the forecast period (2018-2028). Structured cabling continues to witness increased traction in light of its capacity to facilitate super-fast transmission of data and other information from one point to another. Media technology suppliers, given the pervasiveness of media and broadcast proliferation, require high speed transmission systems such as structured cabling. This, coupled with increasing mobile internet subscriptions, will pave lucrative growth avenues for the structured cabling market.
Structured Cabling Market – Growing Influenced Proliferation in Data Centers
Structured cabling has never been so imperative than it is now, underpinned by a stellar expansion of data centers worldwide. This growth in the data center industry is ideally underpinned by the growing investments by companies to cater the need for enhanced IT structure, with a view to manage expanding volumes of data. The rapid increase in the number of new data center constriction projects has translated into a significant increase in demand for structured cabling, in turn driving the growth of its market.
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Development of modular data centers has fueled the use of modular data cabling solutions, offering a potential boost to the adoption of structure cabling, for facilitating superior networking capabilities. Data cabling infrastructure, being the helm of standard modularization solution, is expected to drive the foundation of data center connectivity, which is expected to push the growth of the structured cabling market.
Emergence of 5G to Impact Adoption of Structured Cabling
As mobile operators sprint to provide next generation services as well as Internet of Things (IoT) connectivity to countless subscribers, the rate of 5G field deployments and trials has witnessed a brisk acceleration since the past few months. Service providers, still grappling up with the 5G evolution, are addressing various challenges with respect to hybrid cloud, fixed mobile convergence, increasing virtualization and network slicing which is expected to drive the need for efficient cabling systems.
Increasing number of 5G deployments across the globe, given the huge appetite for data connectivity, have paved potential pathways for use of structured cabling. This has pushed telecom players to actively invest in upgrading their network services, 5G deployment trials and commercial launches to offer enhanced and speedy data transfer. Telecom Regulatory Authority (TRA) of various countries has initiated steps for development of 5G network in the respective regions.
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Tech giants such as Intel and Samsung have showcased large number of 5G trials in the world in a bid to outclass competition and establish a firm speedy network. As a consequence, the emergence of 5G trend has strengthened the demand for structured cabling, in turn fuelling the market growth.
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