The global market for structured cabling is characterized by a high level of fragmentation, owing to the presence of a large number of players operating worldwide. In addition to this, the research study by Transparency Market Research states that the competition among the players is expected to rise significantly throughout the forecast period. The rise in the number of mergers and strategic collaborations and the rising focus on the development of new products are predicted to encourage the development of the overall market in the coming few years.
In addition to this, the increasing research and development activities is predicted to support the market growth and attract a large number of consumers across the globe. These factors are anticipated to help the players in expanding their market horizon and attain leading players in the near future. The key players operating in the structured cabling market across the globe are Corning Inc., Belden Inc., Legrand SA, CommScope Holding Company, Inc., and Schneider Electric SE.
The market research report that has been presented by Transparency Market Research states that the global market for structured cabling is estimated to register a promising 7.10% CAGR between 2015 and 2021. The North America structured cabling market is likely to lead, holding a major share of the market in the coming years. The high penetration of internet and the existence of a huge number of data centers are the key factors expected to support the market growth throughout the forecast period. Moreover, the fast development of communication infrastructure is another aspect accelerating the market growth.
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The increasing demand for high-speed connectively systems and devices is expected to encourage the growth of the structured cabling market across the globe. The rise in the trend of data center convergence and the rapid development of the LED lighting systems market is estimated to support the growth of the market throughout the forecast period. In addition to this, the expansion of the communication infrastructure is likely to offer growth prospects for the market players, thus enhancing the overall growth in the coming years.
Furthermore, the rising adoption of FTTP/ FTTH and the increasing preference of consumers from analogue to the Ip-based video surveillance systems is estimated to propel the global structured cabling market over the forecast period. The rising investments by the leading players for research activities and enhancements in technology are expected to ensure a swift growth of the market in the coming few years.