Structured Cabling Market in Asia-Pacific is anticipated to witness fastest growth during the forecast 2024
Structured cabling is building or campus cabling infrastructure that consists of number of specialized smaller elements called subsystems. This infrastructure provides the transmission of data in the form of voice, video or text from one point to another through a communication network. Based on product, the structured cabling market is categorized into fiber optic cables and copper cables. Among these two segments, fiber optic cable is anticipated to witness the faster growth during the forecast period since these cables enables the organizations in transmitting communication signals at faster pace, higher bandwidth and at large distances. Moreover, these cables induce low transmission loss and promote fast and effective functioning of business operations.
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The extensive demand for high-speed communication networks among the users, the emphasis on the cost and time management among business enterprises and excessive stress of competition are the key factors driving the growth of the structured cabling market. It has been observed that the technology is enabling the enterprises to take quick, efficient and effective decisions. This tends to the need of a good quality of cabling infrastructure and thus increases in the demand of these cabling systems.
Geographically, North America dominates the structured cabling market in terms of revenue and will continue to do the same till 2024. The North American market growth is attributed towards the automation of all the business organizations. This factor of upgrading the infrastructure to fully automated system is a crucial reason for the bolstering demand of this system. Moreover, enterprises are seeking for alternative that offers fast and smooth communication networks in their business process and structured cabling system enables the companies to achieve this objective.
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Moreover, Asia-Pacific is anticipated to witness fastest growth during the forecast period specifically in countries such as China and Japan. The growth of structured cabling market in this region is accounted towards adaptation of digital services at an extensive rate and adaptation of structured cabling in the IT domain of this region.
Key players in the structured cabling industry are investing in improving the quality of material and developing latest technologies that is strengthening their position in the structured cabling market. The key players operating in the global structured cabling market include Nexans S.A., CommScope, Inc., Panduit Corp., Siemon, Teknon Corporation, Schneider Electric SE, Legrand, Belden, Inc., ABB Ltd., Panduit Corp. and Corning, Inc.
Structured cabling Market by Region
- Rest of Europe
- Rest of Asia-Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- Saudi Arabia
- Rest of MEA