PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577011
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577011
The Global Structured Cabling Market was valued at USD 18.3 billion in 2023 and is projected to grow at a CAGR of over 15% from 2024 to 2032. The shift from traditional copper cables to fiber optic cables is gaining momentum, primarily due to the latter's superior bandwidth, speed, and transmission distance. Fiber optics not only support higher data rates but are also less prone to electromagnetic interference. This makes them the preferred choice for today's high-demand environments, including data centers and telecommunications networks.
The structured cabling market is segmented into component, cable type, application, installation type, end use, and region.
The market divides cable types into copper and fiber optic cables. Projections indicate the fiber optic segment could surpass USD 35 billion by 2032. While copper cables, being more budget-friendly, attract cost-conscious organizations, their continued use, especially in small to medium-sized enterprises (SME), is largely driven by the affordability of materials and installation.
Components of the market include hardware, software, and services, with the software segment anticipated to grow at 15% CAGR during the forecast period. As networks evolve with advanced technologies and rising data traffic, the demand for sophisticated software solutions for network management and monitoring intensifies. Tools like infrastructure and network management software are pivotal for organizations aiming for peak network performance and reliability.
In 2023, North America led the structured cabling market, capturing over 36% of the global revenue. The U.S. stands as a central hub for data centers and cloud services. With a surging demand for data storage and management, there is a notable uptick in both the construction of new data centers and the expansion of existing ones. Such facilities rely heavily on structured cabling for efficient network connectivity, propelling regional market growth.