Increasing
Digitization and Urbanization is propelling the Structured Cabling Market

The global structured
cabling market is growing at a considerable CAGR of 4.2% during the forecast
period (2024-2031). The market growth is primarily driven by the increasing
need for automation in businesses. Additionally, the increasing traction
towards fiber optic and coaxial cables, and data transfer at a faster speed,
contribute towards market growth during the forecast period. However, the high
installation cost restraints the market growth. The increasing adoption optical
fibers is presenting significant opportunity for market growth.

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The global structured
cabling market is segmented by component (cables (fiber optic cables and copper
cables), patch cables and cable assemblies, patch panels and cross connects,
racks and cabinets and other), by application (data center and LAN), by industry
(IT & telecom, manufacturing, Banking, Financial Services, and Insurance
(BFSI), healthcare and other), and geography (North America, Europe,
Asia-Pacific, and the Rest of the World).

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Market Dynamics

·       
LAN segment is anticipated to hold the largest market
share during the forecast period, owing to the increasing demand of the network
by businesses, owing to the increasing need of data centralization and
security.

·       
Asia-Pacific is anticipated to project considerable
growth, owing to the rapid industrialization and urbanization, rising
technological development, and increasing demand for high-speed internet
networks in the region.

·       
Additionally,
the rising
development of IT hubs in India, China, and South Korea are contributing
significantly to the growth of structured cabling market in Asia-Pacific.

The key players in the
global structured cabling market are contributing significantly to the market
growth by providing different types of products and increasing their
geographical presence.  The key players
in the market include ABB, Belden Inc., Cabling Co., Legrand SA, and Schneider
Electric among others.   

Recent Development

·       
In August 2024, three new subsea cable projects were launched
in India. The projects include 2Africa Pearls, India-Asia-Express (IAX), and
India-Europe-Express (IEX). 2Africa subsea cable went live in 2024, while IAX,
and IEX are expected to be operational by March 2025. The projects connects the
country to the globe through multiple submarine cable systems, such as the
Southeast Asia-Middle East-Western Europe (SEA-ME-WE) system, the Bay of Bengal
Gateway (BBG) system, and the India-Middle East-Western Europe (IMEWE) system.  

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