Growing Internet Penetration Supporting Structured Cabling Market Surge in Asia-Pacific The global structured cabling market revenue stood at $6,912.1 million in 2021, and it is predicted to rise to $12,916.5 million by 2030. According to the estimates of the market research organization, P&S Intelligence, the market will exhibit a CAGR of 7.2% from 2021 to 2030 (forecast period). The major factors fueling the expansion of the market are the growing requirement for high bandwidths and demand for effective cabling management. Additionally, the advent of the internet of things (IoT) is also supporting the growth of the market across the globe. The surging penetration of the internet has caused a sharp rise in the need for high bandwidths, as high bandwidths enable the smooth operation of various business processes. Since cabling can provide high bandwidths, the growing demand for improved bandwidths is driving the expansion of the structured cabling market. Enterprises are rapidly modifying their information technology (IT) infrastructure, on account of the mushrooming use of bandwidth-intensive applications, such as IP-based videoconferencing, digital audio and video, and voice over IP (VoIP). Cabling is being increasingly used by companies operating in the government, commercial, industrial, and telecommunication sectors for improving their IT infrastructure. Structured cabling assists in making cabling management simple, as it can be easily managed and laid down without requiring a large number of skilled staff members. Thus, the soaring requirement for hassle-free IT infrastructure is propelling the progress of the market, as it reduces the time and costs for government agencies, industries, and data centers. It provides a more standardized and organized approach in comparison to patch cords. Depending on product, the structured cabling market is divided into fiber cables, copper cables, fiber components, and copper components. Out of these, the fiber cables category is predicted to demonstrate the highest growth rate in the market in the forthcoming years. This is credited to the growing requirement for high bandwidths, high network security, reliable networking, and low signal attenuation. The market is also categorized into commercial, telecommunication, industrial, and government, on the basis of end use. Amongst these, the telecommunication category is predicted to contribute the highest revenue to the market in the coming years. This is credited to the growing penetration of the internet and mushrooming requirement for high-speed internet connectivity, especially in emerging economies across the world. Geographically, Asia-Pacific (APAC) will hold the largest share in the structured cabling market in the forthcoming years. This is ascribed to the growing need for cloud computing, which is subsequently pushing up the demand for structured cabling at data centers. Additionally, the progress of the Indian structured cabling industry is also supporting the growth of the regional market. This is attributed to the ballooning requirement for copper structured cabling, owing to the rising demand for high data transmission rates and improved bandwidth in the country. Additionally, the rapid digitization of business operations in various regional countries is also supporting the expansion of the market in the region. Hence, it can be safely said that the demand for structured cabling will surge sharply in the coming years, primarily because of the increasing internet penetration and growing need for high bandwidths. Read More: https://www.psmarketresearch.com/market-analysis/structured-cabling-market

India Structured Cabling Market To Grow at 11.5% CAGR during 2020–2030 A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India. One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government, telecommunications, commercial, industrial, and other sectors. Another growth driver for the Indian structured cabling market is the growing data center industry. The number of structured cabling users in India is increasing with the rising urbanization rate; thus, it is resulting in straining the current communication infrastructure. With the rapid digitization in the country, the need for green data centers is surging. Also, the market for data centers is driven by the rising supply and declining cost of high-bandwidth internet and introduction of advanced applications, including customer relationship management (CRM) and enterprise resource planning (ERP). The product type segment of the Indian structured cabling market is classified into fiber components, fiber cable, copper components, and copper cable. Among these, the copper cable category held the largest share in 2020, owing to its nominal price. Furthermore, the rising replacement of older cabling infrastructure with structured cabling to reduce bottlenecks and increase efficiency in the system will also contribute to the growth of the market in this category in the coming years. Additionally, based on wire category, the market is categorized into category 5e, category 6, category 6A, and category 7. Out of these, the Cat6 wires led the market in 2020. This is due to the fact the Cat6 cables offer more bandwidth and allow for faster data transfer, and these are backward-compatible with Cat5e, Cat5, and Cat3 cabling systems. Moreover, these wires have a wider frequency range, of at least 150 MHz, and improved internal interference mitigation. Geographically, the Indian structured cabling market in the eastern region of the country is projected to advance at the highest rate during the forecast period. This can be attributed to the emergence of IT hubs in cities of the region including Bhubaneswar and Tripura, governments’ initiatives to enhance connectivity in eastern states, rise in need for network connectivity in villages of the region. Whereas, the market in the southern region of the country held the largest share in 2020, due to the presence of IT hubs in Chennai, Bengaluru, and Hyderabad. Thus, the increasing demand for higher bandwidth and the surging data center industry will drive the growth of the Indian market in the foreseeable future. Read More: https://www.psmarketresearch.com/market-analysis/india-structured-cabling-market