San Francisco, California, December 19, 2017: The global structured cabling market has seen an upsurge in demand in recent times due to the employability of telecommunications across a wide array of industries. TMR’s report titled, “Structured Cabling Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”, sheds light on the market dynamics that are proliferating the expansion of the global market for structured cabling. The unravelling of structured cabling has enables hassle-free transmission of data with palpable speed and has also eased the access of video signals over large distances. The global market is expected to take greater strides as more industries induct a comprehensive structured cabling network within their framework. The report by TMR provides a holistic outlook about the projected growth of market along with the possible market elements that could propel or hamper the progress of the market.
Internet users in the contemporary scenario have outgrown all previous figures which has created immense demand for broadband and other connectivity services. The internet providers have been swift to plunge into the market and capture a prominent share of the market, which has further advanced the demand for structured cabling. The corporate sector has become indefatigably reliant on the usage of the internet and it is expected that structured cabling solutions would experience a riveting demand in this sector. The analysts within the domain of communication networks are making concerted efforts to invent modern means and outlays, which shall place structured cabling at the helm of their needs, thus, expanding the market.
Moreover, structured cabling finds its employability in a coalesce of domains such as transportation, commercial, residential, industrial, and government undertakings. Enterprise Resource Planning (ERP) has taken swing which is anticipated to fuel the global market for structured cabling. Outsourcing has been on the rise, and there is a trend to shift Customer Relationship Management (CRM) to external datacenters which is magnifying the demand for high bandwidths.
The market has witnessed a series of mergers and acquisitions in recent years, which is expected to prove as an effective strategy for players. Günsan Elektrik, Turkey’s prominent cable manufacturer, was acquired by Scheider Electric SE in 2014. This move is foreseen as the harbinger of the company’s penetration in the residential and commercial sectors. The company has also plunged into the software business by acquiring over Invensys plc, thus, making them a name to reckon with in structured cabling.
It is evident that the companies are required to engage in developing better technologies and expand their operational reach to outdo competition. Mergers and acquisitions are expected to continue resurfacing the market, thus, consolidating the position of market players. The established market players include Legrand SA, Corning Inc., Belden Inc., Schneider Electric SE, and CommScope Holding Company Inc.
The geographical regions including North America, Europe, and Asia Pacific have been analyzed in the report. It is expected that North America would lead amongst all other regions in the market for structuring cables. This success rate is on the pretext of the presence of stupendous amount of datacenters in North America, which has trickled internet connectivity in the remotest regions. Moreover, the demand for the internet is expected to keep escalating up the ladder, which would further consolidate the market. The European Commission is making solemn efforts to counter carbon emissions and reduce the consumption of electricity across Europe, which would push the market for structuring cables in the region.
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