According to research, the global structured cabling system market is expected to grow from $11 billion in 2020 to $11.9 billion in 2021, with a compound annual growth rate (CAGR) of 8.1%. The analyst said that this market growth is mainly due to companies rescheduling their businesses and recovering from the impact of the COVID-19 pandemic. The COVID-19 pandemic earlier led to the adoption of restrictive containment measures, including social distancing, telecommuting, and the closure of business activities that brought operational challenges.
Looking ahead, the global structured cabling system market is expected to reach USD 16.5 billion by 2025, with a compound annual growth rate of 8.4%.
The main types of structured cabling covered by the research are optical cables and copperled cablings. They are all physical media which are used to transmit high-speed data. They have been used widely by market segments such as IT and telecommunications, residential and commercial buildings, government and education, and transportation and applied in industries such as local area networks (LAN) and data centers.
According to the report, the structured cabling system market includes the sales of structured wiring products of entities (organizations, exclusive traders and partnerships) engaged in the manufacture of structured cabling systems and related hardware. Structured cabling is defined as building or campus cabling infrastructure, such as telecommunications cabling or Ethernet cabling.
The researchers pointed out that properly designed and installed structured cabling "provides flexibility for the infrastructure to flexibly change the cabling system, maximize system availability, and provide predictable performance."
Looking to the future, as the analyst said: The growing demand for high-speed connections may promote the growth of the structured cabling system market. Structured cabling includes a set of cables and hardware that form the telecommunications infrastructure and help to transmit video, voice, and data signals from one point to another through the communication network in the enterprise. High-speed connection requires connected equipment and cables to achieve a smooth and high-speed network connection.
The study found that North America is the largest region in the structured cabling system market in 2020, and the Asia-Pacific region will be the fastest growing region during the forecast period.
In addition, fluctuating copper prices have become a major constraint on the growth of the structured cablling market. Network cables are made of solid or multi copper wire. Copper prices are changing rapidly due to demand and the speed of production in fields such as construction, technology, or electrical manufacturing, and increase operating and capital expenditures.
According to forecasts, the 12-month forecast for copper is estimated to be $9,500 per ton. Wall Street predicts that the average price in the next two years will be higher. It is estimated that copper prices will average around $8,625 per ton in 2021 and are expected to be $9,175 per ton in 2022. , The fluctuating copper price has a negative impact on the structured cabling market.
Analysts pointed out: "Enterprises operating in the structured cabling system market are constantly committed to developing new products, supporting enterprises in a digital way and bringing higher revenue to the company. Therefore, the introduction of innovative solutions is in the structured cabling system which has gained great popularity in the market."
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