Structured Cabling market is growing thanks to the boom in the Broadband market. As per an independent report by https://www.psmarketresearch.com, The North American market for structured cabling was valued at $1.8 billion in 2015, and is projected to grow at a CAGR of 4.1%, during the forecast period, to reach $2.4 billion by 2022. In 2015, U.S. was the largest contributor to the North American structured cabling market. The market in the country is expected to grow at a CAGR of 3.5%, during the forecast period, to reach $1.9 billion by 2022.
The unexplored market across the globe, including countries in Asia-Pacific, Latin America and Africa, is creating ample opportunities for the structured cabling market. The increasing number of data centers and demand for high speed internet networks have been spurring the market growth in these regions. Countries such as China, India and Brazil are expected to play a pivotal role in the growth of global structured cabling demand. Structured cabling is used widely in Wi-Fi services. Wi-Fi is expected to account for more than 60% usage of the global mobile data traffic by next five to six years. The demand for Wi-Fi services in developing countries is also expected to shoot up during the coming years, which is consequently expected to offer opportunities for the structured cabling market.
In terms of product, the structured cabling market is segmented into copper cable, fiber cable, copper components and fiber components. Copper cable was the largest contributor to the global structured cabling revenue in 2015, whereas the market for fiber cable witnessed highest CAGR during 2012 – 2015. Growing demand for greater bandwidth, low attenuation, high security, and reliable networks is expected to drive the growth of fiber cable for structured cabling systems in near future.
In terms of application, the structured cabling market is segmented into data center and local area network (LAN). The structured cabling industry in data center accounted approximately 80% of market revenue in 2015.
The report can be accessed here:https://www.psmarketresearch.com/market-analysis/structured-cabling-market