The global structured cabling market generated revenue of $7669.8 million in 2017 and is expected to witness a CAGR of 5.5% during forecast period (2018–2023). Advancements in information technology (IT) are positively influencing the growth of the market.
Business enterprises are actively optimizing their IT infrastructure by adopting more efficient solutions, including structured cabling. It is a network that handles information in the form of data, voice, and videos, and can even manage complex building management systems easily.
Structured cabling offers a simple approach to manage systems with complex data transfer routes via transmission solutions that enable users to send data, voice, and signals in a manner, helping them make the most of the data transfer rate. The structured cabling market is huge and has diverse areas of growth.
Usually, the copper cables used in structured cabling are shielded twisted pair (STP), foil screened twisted pair (FTP), and unshielded twisted pair (UTP) type. In 2017, copper cable and copper components jointly held the major revenue share (60.0%) in the structured cabling market.
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Product, wire category, application, end use, and region are the segments of the market that allow for a better understanding of the domain. On the basis of product, the market is divided into copper cable, copper components, fiber cable, and fiber components.
The increase in the number of internet users and rapid adoption of digital services have led to an exponential increase in the volume of sensitive data collected by organizations. Here, structured cabling provides the facility of data transfer at a higher speed, which is aiding the structured cabling market growth.
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