According to the market research firm, Research and Markets, the transformations taking place in the IT industry have positively impacted the cabling market, with enterprises starting to optimise IT infrastructure by adopting more efficient solutions such as structured cabling.
Hassle-free cabling has been emerging as the “need of the hour” as organisations have started to recognize that smooth IT operations can play a pivotal role in the organisational success. The reduction in the overall IT budget is one of the emerging concerns for organisations, and structured cabling is seen as a means to significantly reduce the cost of maintenance.
The telecommunications industry was the largest contributor to the global structured cabling market in 2015. The market revenue through commercial and industrial sectors is also expected to increase at a considerable pace. Geographically, Asia-Pacific is expected to be the most attractive region in terms of investment in structured cabling market, due to its large market size and higher growth rate as compared to North America.
Around 60% of the telecommunications network facilities are expected to be data centres by 2025, and around 79% of the global telecommunications companies will make colocation facilities a part of their networks. Their convergence is expected to drive more standardisation in the technologies that support voice and data services. This is expected to be one of the major opportunities for the structured cabling market, during the forecast period, as the demand for fast telecom services is expected from telecom users.
According to the research firm, structured cabling is more costly than alternate cabling; however, the former reduces the operational costs significantly, which include costs associated with slow data transfer and other network failures. According to International Engineering Consortium standards, the network systems installed in open offices can reduce the cabling maintenance cost by around 40%, when compared to alternative methods. Structured cabling unifies the IT network for data, voice and video, which consequently reduces the requirement of updates and lowers the maintenance cost. This attracts the business enterprises with large IT budget, which plan to slash down the extra charges incurred with conventional cabling.