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NEW YORK , Jan. 4, 2022 /PRNewswire/ -- According to the market research report published by P&S Intelligence, the structured cabling market revenue, which will stand at an estimated $6,912.1 million in 2021, is expected to witness a 7.2% CAGR between 2021 and 2030, to reach $12,916.5 million by 2030. This is because such a cabling system offers a higher bandwidth, which results in more-voluminous and faster data transfer than conventional cabling.
The increasing penetration of the internet and smartphones, which are, in turn, driving the popularity of intelligent personal assistants, digital currencies, online news, videos, audios, and games, and even autonomous and connected cars, is making higher bandwidths imperative. As a result, telecommunications, industrial, government, commercial, and many other industries are upgrading their IT infrastructure with structured cabling.
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Key Findings of Structured Cabling Market Report
The rising uptake of the internet of things (IoT) is an important factor driving the structured cabling market advance. IoT is enabled by sensors connected to the internet that allow devices to share data with each other and a central control room. Therefore, with an increasing number of such connected devices becoming operational, the cabling infrastructure is being modernized to handle the increased data transmission requirements.
Browse detailed report on Structured Cabling Market Trends, Business Strategies, Regional Outlook, Challenges and Forecast to 2030
The major firms in the structured cabling market are Schneider Electric SE, ABB Ltd., TE Connectivity Ltd., CommScope Holding Company Inc., Panduit Corp., Corning Incorporated, Nexans S.A., Furukawa Electric Co. Ltd., Belden Inc., Legrand Holding SA, and Siemon Company. Their presence has made the market highly fragmented, which is why they and other companies are engaging in product launches.
Structured Cabling Market Segmentation Analysis
Structured Cabling Market Based on Product
Structured Cabling Market Based on Wire Category
Structured Cabling Market Based on Application
Structured Cabling Market Based on End Use
Structured Cabling Market Geographical Analysis
India Structured Cabling Market - The Indian structured cabling market value stood at $508.0 million in 2020, and it is predicted to surge to $1,504.9 million by 2030, exhibiting a CAGR of 11.5% from 2020 to 2030. The market is being driven by the burgeoning requirement for copper structured cabling, government's plans for developing 100 smart cities and deploying free Wi-Fi at railway stations, and growing requirement for intelligent buildings.
EV Charging Cables Market - Asia-Pacific accounted for the largest share in the electric vehicle charging cables market in 2020, wherein China generated the highest revenue. The region is also expected to continue to dominate the market in the forecast years, while registering the fastest growth.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar P&S Intelligence Phone: +1-347-960-6455 Email: [email protected] Web: https://www.psmarketresearch.com Follow Us: LinkedIn Twitter
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