Structured Cabling Market worth $US13.5 billion by 2025
According to new market research report Structured Cabling Market with COVID-19 Impact Analysis published by MarketsandMarkets the structured cabling market is expected to grow from $10.9 billion in 2020 to $13.5 billion by 2025, at a CAGR of 4.3 per cent.
This market growth is attributed to several factors, such as increasing demand for high-speed connectivity devices and systems, rising trend of data centre convergence, and growing investments in communication infrastructure.
The structured cabling market has been segmented based on solution type into product, service, and software, which are required to establish and maintain the overall network infrastructure. The product segment, which comprises the hardware to set-up the network in the structured cabling system, accounted for the largest market share in 2019.
Structured cabling products such as cables, communication outlets, racks & cabinets, and others are widely used in residential and commercial, IT and telecommunications, and other verticals to set up the communication & IT network infrastructure.
Category 6 cable type is currently holding the largest share in the structured cabling market. This cable is defined in TIA/EIA-568-B and provides a significant improvement in performance over category 5 and category 5e. Cat-6 cables can support speeds of up to 10 Gbps, but can only do so for up to 55 meters, which makes them relatively long Ethernet cables.