Legacy IT Giants Eyeing to Consolidate Global Structured Cabling Market, finds FactMR study
Verfasser: ashwani_kailiya on Tuesday, 11 June 2019According to the recent study by FactMR, the structured cabling market was valued at over US$ 15.8 Bn in 2018, and is estimated to exhibit a Y-o-Y growth at over 7% in 2019. The structured cabling industry remains influenced by a slew of aspects, such as evolution of the power over Ethernet (PoE) – an efficient power source for myriad applications – that has complemented growth strides of the telecommunication sector as a consequence. The study finds that fiber cables are fast replacing the copper cables in the telecommunication infrastructures worldwide.
The study finds that the structured cabling market is witnessing a significant transformation, wherein the focus on service offerings has become imperative among vendors and customers alike. As the labor costs apropos of structured cabling installations continue to surge worldwide, ripple effects of these are having a significant impact on the total cost of ownership, which in turn have led to a developmental surge in software and services.
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