Structured cabling continues to witness lucrative opportunities across countries on the backdrop of increasing number of data centers worldwide. Moreover, growth in IT and telecommunication sector has influenced the adoption of structured cabling owing to increasing demand for high bandwidth from users. This has encouraged service providers to adopt enhanced data cabling solutions, thereby driving adoption of structured cabling. The trending convergence of old and new media, which facilitates leveraging network capacity, is further anticipated to create remunerative growth opportunities for the structured cabling market.
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 for structured cabling market growth.
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.
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.
Structure Cabling Market – Communication Infrastructure Modernization and Advent of Seamless Cloud to be Future Growth Determinants
Cabling sector has been witnessing a radical change, with its entry into a new era of modernization, to get ahead of market dynamics, given the emergence of new business models and transformation in the manufacturing sector. With internet being the epicenter of growth, enterprises are taking initiatives to modernize and expand their communication infrastructure to respond faster to the changing business and customer needs. In addition, expanding or modernizing communication infrastructure facilitates improved efficiency with speed, hurling a cohort of opportunities for structured cabling across various industries.
With increasing IT agility, companies are becoming more focused on proving their success in cloud-based solutions to cater rising networking requirements and are investing in seamless cloud initiatives. These companies are expecting efficient products from the network cabling industry to integrate the state-of-the-art-data cabling infrastructure in order to support these cloud initiatives. High focus on enhanced transmission speeds, security and flexibility has created a massive opportunity funnel for structured cabling, in turn aiding the global market’s growth.