FactMR today released its latest report on the Structured Cabling Market, forecasting steady growth driven by increasing demand for high-speed connectivity, digital transformation, and expanding data center infrastructure. Valued at USD 11.51 billion in 2023, the global market is projected to expand at a compound annual growth rate (CAGR) of 5.1%, reaching USD 18.94 billion by 2033. This growth underscores the critical role of structured cabling in supporting robust communication networks across various industries.
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Market Outlook and Growth Projections
The global structured cabling market is set for consistent expansion from 2023 to 2033, fueled by the proliferation of IoT devices, cloud computing, and the need for reliable, high-speed network infrastructure. The market is expected to grow from USD 11.51 billion in 2023 to USD 18.94 billion by 2033, registering a CAGR of 5.1%. This growth is driven by a 1.6X market expansion, offering an incremental dollar opportunity of USD 7.43 billion over the forecast period. Key drivers include the global increase in data traffic, with 4.8 zettabytes of annual data created by 2023 (Statista), and the rise in smart city projects and 5G deployments, particularly in Asia-Pacific, which is expected to contribute 40% of global revenue by 2033.
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