Selbyville, Delaware, Feb. 21, 2019 (GLOBE NEWSWIRE) --

The structured cabling market is predicted to expand from over USD 11 billion in 2018 to USD 25 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The rise in the adoption of intelligent technologies to implement scalable and modular IT infrastructure in several business operations is driving the market.

Several legacy facilities are facing the challenge of managing the order and ease of accessing the cabling infrastructure. The widely used cable management products and solutions can be installed easily and offer simple and modular designs. The manufacturers in the structured cabling market are catering to such demands of the customers by offering advanced cable management solutions.

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The growing adoption of digital services and increasing number of internet users will augment the data center demand, thereby driving the structured cabling market growth. The cabling systems offer faster data transfer speeds and effective connectivity of IT devices, reducing the chances of system downtime and failure. It improves the effectiveness in the decision-making process, maximizing the business profits. Moreover, the growing demand for high-speed connectivity of the devices and data center convergence are the major factors driving the market.

The adoption of fiber optic and coaxial cables for high-speed internet connectivity is gaining momentum in the industry. These cables have a much greater bandwidth compared to the metal cables. The major advantage of the installation of these cables is the large amounts of information that can be transmitted per unit of time, driving the structured cabling market demand.

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. These software tools allow the operators to manage the cabling infrastructure by aiding them to view the routing, physical layout, and locations of telecommunication cables, closets, outlets, connectors & individual fiber assignments. With the access of such detailed routing information of the building cabling infrastructure, it becomes very flexible for IT operators to install, modify, and change the connections & the wiring system in the business premises. Several manufacturers in the structured cabling market are engaged in developing software tools to provide enhanced IT systems management technologies.

Browse key industry insights spread across 250 pages with 279 market data tables & 28 figures & charts from the report, “Structured Cabling Market Size By Component (Hardware [Cables {Copper, Fiber Optic}, Communication Outlet System, Patch Cables & Cable Assemblies, Patch Panels & Cross Connects, Racks & Cable Management], Software, Service [Consulting, Installation & Deployment, Maintenance & Support]), By Application (BFSI, Commercial, Energy, Government, Healthcare, Industrial, IT & Telecom, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Benelux, China, India, Japan, Singapore, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/structured-cabling-market

The growing application of these solutions in the BFSI segment is expected to drive the structured cabling market. Banks and financial institutions are installing large numbers of IT facilities due to the increased data storage requirement. Increasing number of customers due to flexible financial policies is the major factor propelling the demand for large IT facilities. The players operating in the sector are competing by offering low-interest rate loans, savings, and deposit facilities that are attracting a large customer base, resulting in the generation of large amounts of customer details. Financial companies are concerned with the effective management of their IT assets due to the storage of confidential data that needs to be secured from being lost at times of system downtime and failure. Such factors are encouraging these financial businesses to implement advanced cable systems and tools, thereby propelling the structured cabling market size.

Asia Pacific structured cabling market accounted for over 20% of the industry share and is witnessing a high growth due to the increasing demand from the commercial application segments. With the rapid modernization of the wirings and cabling systems, the adoption of innovative technologies provides distribution of voice, high-speed data, and video signals throughout small commercial buildings. Markets such India and China are witnessing a high adoption of these innovative solutions due to the rise in the incorporation of smart technologies. Under the Smart City initiative, the industrial segments are incorporating intelligent technologies for simplifying business operations. Such factors are contributing to the rise in the adoption of intelligent cabling solutions in the region, thereby providing an impetus to the structured cabling market share.

The major companies operating in the structured cabling market are Rittal GmbH & Co. KG, ABB Ltd., Anixter International, Belden Inc., CA Technologies, Cisco Systems, Inc., CommScope Holding Co., Inc., Corning, Inc., Furukawa Electric Co., Ltd., IBM Corporation, Legrand, Metz Connect, Nexans S.A., Panduit Corporation, Reichle & De-Massari AG, RiT Tech Ltd., Schneider Electric SE, TE Connectivity, and The Siemon Company.

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