LONDON, Dec. 14, 2015 /PRNewswire/ -- The growth of the structured cabling market is being driven by the rise in internet penetration, along with the need for high speed internet connection.
With the demand for bandwidth growing rapidly, there is an ever-increasing need for fiber optic interconnectivity to support the growing data traffic. In the structured cabling market, the "IT & Telecommunication" segment is expected to have a higher market size compared to the other verticals. The major reason behind the large market size of the IT & telecommunication vertical is the large demand for structured cabling products and services from the telecom operators and data center infrastructure providers. The North American region holds the highest market share in the global structured cabling market owing to the expansion in the communication infrastructure, trend of data center convergence, and increased adoption rate of home & industrial automation systems.
The value chain of the structured cabling market ranges from raw material manufacturers to end- users. The intermediaries include component manufacturers and system manufacturers/integrators. Organizations such as the Communications Cable & Connectivity Association (CCCA), Telecommunications Industry Association (TIA), National Cable & Telecommunications Association (NCTA), National Electrical Manufacturers Association (NEMA), and Fiber Optic Association (FOA) play a major role in the structured cabling market. Structured Cabling Market by Solution Type, Vertical and geography - Global forecast to 2020
The global structured cabling market is expected to reach $13.13 billion by 2020, at a CAGR of 9.0% between 2015 and 2020. It has been segmented in this report based on solution type, vertical, and geography. The studied market has been segmented based on solution type into products, services, and software. It has been segmented based on vertical into IT & telecommunication, residential & commercial, government & education, transportation, industrial, and others. The structured cabling market has also been segmented on the basis of geography into various regions such as the Americas, Europe, APAC, and RoW.
The major players that offer various products in the structured cabling market include CommScope, Inc. (U.S.), Nexans S.A. (France), Panduit Corp. (U.S.), Legrand (France), Corning, Inc. (U.S.), Belden, Inc. (U.S.), ABB Ltd. (Switzerland), Schneider Electric SE (France), Panduit Corp. (U.S.), and Siemon (U.S.). The above-mentioned players have a wide- spread network of manufacturing facilities and distribution channels to suffice the requirements of the end-users in the structured cabling market.
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