Europe Structured Cabling Market Size

Europe Structured Cabling Market Analysis

The European structured cabling market was valued at USD 11.16 billion last year and is expected to reach a value of USD 17.94 billion by the end of the forecast period by registering a CAGR of 7.24% during the forecast period. The increasing demand for connected IoT devices, growing investment in data centers and communication infrastructure, and the increasing acceptance of cloud services across various end-user industries are among the key factors driving the studied market growth.

• Structured cabling is the foundation upon which all other network equipment operates and is dependent. A reliable cable infrastructure is needed to convey information efficiently over a structured network. Doing this makes it possible to guarantee the efficient handling of all crucial corporate operations, communications, and processes. By fusing telephone networks, security, local computers, and other technologies, structured cabling provides a broad environment for data transmission.
• The high bandwidth of a structured cabling system is one of its most essential features, making it a dependable framework for fostering business expansion. Adaptable IT that can react rapidly to industry developments is crucial in a competitive company environment. The need for a data center that facilitates the quick and simple creation of new services helps organizations keep current customers and continually attract new ones. The network architecture will be updated with structured cabling and handle all new applications as the company expands.
• The European region's need for data storage is increasing due to the growing adoption of cloud services and connected devices, supporting the demand for structured cabling. Also, the market for structured cabling is growing because more and more businesses in the area are using cloud computing solutions.
• The massive growth of Internet users and smart mobile communication devices drives strong demand for data center services as the amount of data generated by these devices surges. This is attracting new players in the European data center market. For instance, in August 2022, Damac Group announced it was looking into data center and technology-related investment opportunities in Germany worth EUR 1 billion (USD 991 million) to diversify its holdings.
• Similarly, in May 2022, Google launched Madrid-based cloud data centers to expand its European footprint. The new venture will allow Madrid's various businesses to increase cloud services, low-latency transfers, advanced storage, and computing, allotting the region a necessary boost in data protection and over-the-air enterprise needs. Since data centers often use integrated cabling systems, these trends will likely increase the demand for structured cabling.
• However, the high data transmission loss of fiber optic components and the high cost of fiber optic components are among the major factors restraining the growth of the structured cabling market in the region.
• All businesses across Europe with crucial assets have experienced a rapid decline due to the pandemic. The COVID-19 pandemic stressed Europe's overall economy across sectors and steered multiple international vendors to focus on the digital economy. Different European companies invested more in cloud infrastructure and trusted computing resources to help businesses speed up the recovery process and offer cloud-based intelligent solutions to help them with their digital transformation in the wake of the pandemic. This created a good market environment for the growth of the studied market.