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According to the latest report released by Technavio, an international market research institute, the structured cabling market size will grow by $3.
22 billion
between 2019 and 2023.
Structured cabling systems include multiple network architectures such as FTTx, fiber-to-the-node (FTTN), fiber-to-the-roadside (FTTC), fiber-to-the-premises (FTTP) and fiber-to-the-home (FTTH), ensuring high speed and higher bandwidth to consumers or businesses
.
According to the report, the advent of high-speed FTTH network services will drive the demand for fiber optics and fiber optic cables, resulting in the global structured cabling market growing
at a CAGR of 8% during the forecast period.
Another key factor driving the growth of the market is the increasing
investments in data center construction.
Data centers have become an important part of
organizations.
Due to the increased amount of data generated, many companies are forced to build their own data centers or rent their data center space
.
At the same time, the growing interest in cloud computing will further drive the demand
for data centers.
An integrated building management system is a master control system that combines every mechanical, electrical, safety and communication system within a facility into a unified system
.
This enables them to seamlessly exchange information with each other and work together
.
The system makes the overall operation more efficient, reduces operating costs, and leads to a safer and more responsive built environment
.
From the perspective of application market, data centers occupied the largest market share in 2018, accounting for nearly 38%.
This end-user segment is expected to dominate the global market
throughout the forecast period.
Regionally, the Americas led the global market in 2018, with a market share of more than 48%.
The region is expected to continue to dominate the market during the forecast period, but its market share will decline by more than
1%.
From the perspective of enterprises, Belden Cable, Furukawa Electric, Nexans, Prysmian, Schneider Electric, Simon, etc.
will become the world's leading suppliers
of structured cabling systems.
According to the latest report released by Technavio, an international market research institute, the structured cabling market size will grow by $3.
22 billion
between 2019 and 2023.
Structured cabling systems include multiple network architectures such as FTTx, fiber-to-the-node (FTTN), fiber-to-the-roadside (FTTC), fiber-to-the-premises (FTTP) and fiber-to-the-home (FTTH), ensuring high speed and higher bandwidth to consumers or businesses
.
According to the report, the advent of high-speed FTTH network services will drive the demand for fiber optics and fiber optic cables, resulting in the global structured cabling market growing
at a CAGR of 8% during the forecast period.
Another key factor driving the growth of the market is the increasing
investments in data center construction.
Data centers have become an important part of
organizations.
Due to the increased amount of data generated, many companies are forced to build their own data centers or rent their data center space
.
At the same time, the growing interest in cloud computing will further drive the demand
for data centers.
An integrated building management system is a master control system that combines every mechanical, electrical, safety and communication system within a facility into a unified system
.
This enables them to seamlessly exchange information with each other and work together
.
The system makes the overall operation more efficient, reduces operating costs, and leads to a safer and more responsive built environment
.
From the perspective of application market, data centers occupied the largest market share in 2018, accounting for nearly 38%.
This end-user segment is expected to dominate the global market
throughout the forecast period.
Regionally, the Americas led the global market in 2018, with a market share of more than 48%.
The region is expected to continue to dominate the market during the forecast period, but its market share will decline by more than
1%.
From the perspective of enterprises, Belden Cable, Furukawa Electric, Nexans, Prysmian, Schneider Electric, Simon, etc.
will become the world's leading suppliers
of structured cabling systems.
