Driven by Demand for Higher Bandwidth, Global Structured Cabling Market

According to a new market report published by Transparency Market Research “Structured Cabling Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021”, structured cabling market was valued at US$7.11 bn in 2014 and is expected to reach US$11.45 bn by 2021, at a CAGR of 7.1% from 2015 to 2021.

Browse the full Structured Cabling Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/structured-cabling-market.html

The global structured cabling market is primarily driven by increasing demand for higher bandwidth globally. High bandwidth is most important for applications such as video calling, faster data transmission, online gaming and file downloading among others. Thus with the increase in the number of internet users, the demand for high bandwidth is expected to increase considerably across different commercial, industrial and IT (information technology) sectors.

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According to the United Nation’s International Telecommunications Union, the number of internet users worldwide was estimated to be around 3 billion in 2014. This number is expected to increase considerably in the coming years and in line with this, structured network demand over corporate sector is also expected to increase through forecast period. This in turn triggers the need of advanced structured cabling solution globally. In addition, the need for modernization and expansion of communication network adopted by different enterprises is also expected to accelerate the demand for structured cabling globally.

The global structured cabling market is segmented on the basis of solution type, application and geography. By application, the structured cabling market has been segmented into commercial, residential, government, industrial and transportation. On the basis of solution type, structured cabling market is segmented into hardware, software and service.The...