Sellbyville, DE -- (SBWIRE) -- 03/26/2019 -- The Structured Cabling Market is witnessing a high demand for the deployment and maintenance of services. With the rapid increase in network complexities, the industries are shifting toward modern technologies to enhance their network & cable infrastructure. These modern solutions require IT experts for the installation and integration into the IT environment. The effective end-to-end network connectivity and cabling environment will enhance the operators? control over the IT access and monitoring.

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The growing adoption of digital services and increasing number of internet users will augment the data center demand, thereby driving the structured cabling market growth. The cabling systems offer faster data transfer speeds and effective connectivity of IT devices, reducing the chances of system downtime and failure. It improves the effectiveness in the decision-making process, maximizing the business profits.

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. These software tools allow the operators to manage the cabling infrastructure by aiding them to view the routing, physical layout, and locations of telecommunication cables, closets, outlets, connectors & individual fiber assignments.

The growing application of these solutions in the BFSI segment is expected to drive the structured cabling market. Banks and financial institutions are installing large numbers of IT facilities due to the increased data storage requirement. Increasing number of customers due to flexible financial policies is the major factor propelling the demand for large IT facilities.

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The players operating in the sector are competing by offering low-interest rate loans, savings, and deposit facilities that are attracting a large customer base, resulting in the generation of large amounts of customer details. Financial companies are concerned with the effective management of their IT assets due to the storage of confidential data that needs to be secured from being lost at times of system downtime and failure. Such factors are encouraging these financial businesses to implement advanced cable systems and tools, thereby propelling the structured cabling market growth.

The Asia Pacific structured cabling market is predicted to grow substantially due to the rapid industrialization and urbanization in major economies such as China, India, and Japan. The global companies are expanding their enterprise operations in these countries due to the favorable business environment and economic human resources. Such factors are encouraging these businesses to establish their IT environment for the storage and processing of their enterprise data in these countries. Moreover, the increased government support and initiatives to attract global companies for establishing their business base in the countries is also a major factor propelling the structured cabling market.

Key players operating in the structured cabling market are Cisco Systems, Inc., CA Technologies, ABB Ltd., Belden, Inc., IBM Corporation, Furukawa Electric Co., Ltd., Legrand, Reichle & De-Massari AG, Panduit Corporation, Schneider Electric SE, METZ Connect, The Siemon Company, and TE Connectivity, among others.

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