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Based on cable type, the structured cabling market is segmented into copper cables and fiber optic cables. The fiber optic cables segment is expected to reach over USD 35 billion by 2032.
Based on component, the market is segmented into hardware, software, and services. The software segment is expected to register a CAGR of over 15% during the forecast period.
North America dominated the global structured cabling market in 2023 with over 36% of the total revenue share. The U.S. is a global hub for data centers and cloud service providers. The increasing demand for data storage, processing, and management solutions is driving the construction of new data centers and the expansion of existing ones. Structured cabling is essential for these facilities to ensure efficient and reliable network connectivity, fueling market growth.
China is experiencing rapid urbanization and significant infrastructure development, including smart cities and industrial parks. These projects require advanced network infrastructure, driving demand for structured cabling solutions. Also, China's manufacturing sector is increasingly adopting Industry 4.0 and industrial automation, which require reliable and high-speed network connectivity, driving the demand for structured cabling.
Japan is known for its technological innovation and advanced IT infrastructure. The continuous development of new technologies, including AI, robotics, and IoT, drives the demand for structured cabling solutions. In addition, Japan is actively developing smart cities, incorporating advanced technologies for urban management, transportation, and public services. Structured cabling is a critical component of these smart city projects.
South Korea is a leader in telecommunications, particularly in the deployment of 5G networks. The development of 5G infrastructure drives the need for high-quality structured cabling systems. Likewise, The South Korean government supports the development of digital infrastructure through initiatives like the Digital New Deal, which includes investments in data centers, AI, and smart cities, increasing the demand for structured cabling.