Modular Design Of Structured Cabling Is New and Flexible Innovation To Provide More Faster Internet
Access to high bandwidth is considered an imperative for faster data
transmission and in establishing connections through applications
such as video calling. The demand for high bandwidth is therefore
increasing robustly, which in turn is boosting the global structured
cabling market. Furthermore, with the escalating number of internet
users worldwide, the demand for better bandwidth is poised to soar,
and will in turn translate into higher demand for structured cabling.
Structured cabling is a cabling set-up and associated hardware that
facilitates faster and error-free transmission of data and video and
voice signals from one point to another or from one server to
another. This cabling infrastructure further consists of a number of
smaller elements called subsystems. The design and installation of
structured cabling is governed by a set of standards that specify
apartment buildings and wiring data centers for voice or data
communication.
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As per the United Nations International Telecommunications Union, the
total number of internet users around the world was estimated to be
approximately 3 billion in 2014. Furthermore, the organization
expects the number to increase at rapidly in the coming years,
thereby boosting the scope of expansion for the structured cabling
market.
Among the different solution type of structured cabling, hardware
segment held the largest market share with 89.0% share in 2014. The
hardware segment is mainly driven by copper cable. However, across
the different applications of structured cabling, the residential
sector is expected to be the fastest growing market during the
forecast period. The modular design of structured cabling is very
flexible and supports future up gradation where new cable structure
can be added or move without any new modification in the cabling
infrastructure. This makes it most suitable for residential purpose
and thus results in higher adoption of structured cabling
infrastructure in the residential sectors.
By geography, North America held the largest market share in
structured cabling market and accounted for 38.8% market share in
2014. Being a mature market owing to high penetration level, the
structured cabling market in North America is predicted to experience
sluggish growth in the coming years. Europe held the second largest
market share in the global structured cabling market. Initiative
taken by European Commission to reduce carbon emission and
electricity consumption is also responsible for the robust growth of
structured cabling market in Europe during the forecast period.
Globally, the structured cabling market is expected to grow at a
steady pace. According to the TMR report, the market is likely to
exhibit a CAGR of 7.1% from 2015 and 2021. The market, according to
the report, stood at US$7.11 bn in 2014 and is expected to reach
US$11.45 bn by the end of 2021.
Some of the major market players operating in the structured cabling
market are: Legrand SA (France), Belden Inc. (US), CommScope Holding
Company Inc. (Carolina), Schneider Electric SE (France), and Corning
Inc. (New York) among others.
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