Fiber optic cable sales to augment structured cabling market growth
Publisher : Fractovia | Published Date : 2019-07-17Request Sample
The global structured cabling market has garnered commendable revenue lately owing to rapid technological advancement in the IT & telecom sector and rising adoption of automation, IoT and cloud technologies. Structured cabling primarily comprises designing and installation of cabling system for associated hardware to develop a comprehensive telecom/IT network infrastructure that serves a wide range of service applications.
U.S. structured cabling market, by application, 2018 & 2025 (USD Million)
The system helps in avoiding messy wiring scenarios, allowing easy management and maintenance of hardware infrastructures. It also helps in hassle-free swapping of new devices into a network whilst offering enhanced compatibility to several software formats. Furthermore, the system’s unified and segmented offering makes it easy for operators to detect and correct issues more quickly. Undeniably, the adoption of this technology is expected to be at an all-time high, propelling structured cabling market trends over the forecast duration.
The global structured cabling market size for fiber optic cable segment will witness appreciable growth owing to the product’s offered high-speed connectivity and compact size. The ever-growing demand for high-speed internet has augmented product adoption due to its high bandwidth offering compared to traditional metal cables. Industry players like Google, Amazon, Facebook and more, that own huge data centers worldwide, store and distribute large amounts of data on the internet by primarily depending on high-speed fiber optics cables that transmit data over longer distances more quickly and efficiently.
Rising technological advancements in addition to adoption of product innovation as a strategy, have facilitated product demand in recent years. For Instance, in March 2019, Legrand unveiled a new high-speed structured cabling offering called LCS3 system that uses both fiber optic and copper solutions to provide greater scalability, reliability and efficiency to networks.
With the implementation of efficient structured cabling systems, the cable management segment will gain commendable traction in structured cabling market over the forecast period. Just like efficient cooling systems, data centers demand effective cable management solutions as they help in tacking some of the most pressing challenges faced by network and IT technicians. Without effective cable management solutions, data centers are at a constant risk of exposing cables to high fatigue rates, face difficulty in identifying cables and are also more susceptible to issues while updating or upgrading a certain networks.
With efficient cable management solution in place, data center operators can ensure easy network expansion, reconfiguration and can perform maintenance operations without worrying about unplugging the wrong hardware or wires emerging from a system. Additionally, techniques like vertical/horizontal cable managers and cable trays offer an excellent means to secure, bundle and route cables to ensure easy cable access and identification, further helping operations to troubleshoot issues more quickly and efficiently, which will in turn supplement industry outlook.
Asia Pacific structured cabling market accounted for over 20% of the industry share in 2018 and is likely to witness high growth rate over the forecast period, owing to swelling demands in the IT & telecom sector. The IT & telecom companies represent a major market share due to rapid implementation of the fiber optic cables and the emergence of latest 5G technologies, advancements that are expected to generate significant business opportunities for telecom firms, allowing them to gain revenues in the fixed broadband market and business-to-business (B2B) opportunities such as smart cities and IoT (Internet of Things).
Reports also suggest that developing economies like India are crating rapid demand in the telecom sector. According to India Brand Equity Foundation (IBEF) 2018 reports, the country ranks second in terms of telecom subscription, internet subscription and app download across the globe and was recorded to have a subscriber base of around 1.17 billion in the past few years. Supportive government policies to augment digitalization in the country will also supplement structured cabling market reach.
For instance, the Government of India, with its National Digital Communication Policy 2018, aims to attract investments worth $100 billion and generate around 4 million jobs in the country’s telecom sector by 2022. Policies such as these will encourage regional operators to upgrade their existing data center infrastructure with efficient structured cabling systems to cope up with rising customer demands, further augmenting structured cabling industry trends.
With robust proliferation of the IT & telecom sector, operators are increasingly focusing on implementing efficient cabling techniques like structured cabling to manage and maintain data center operations. The system helps in detecting and correcting issues more easily owing to the systematic arrangement of cables, further reducing time to resolve issues and increasing customer satisfaction. With the increased adoption of structured cabling, it is estimated that structured cabling market size will surpass $25 billion by 2025.
