08.02.2021 Бизнес

Economic Impact of Coronavirus on India Structured Cabling Market to Reap Excessive Revenues

The rapid development of data centers is pushing up the requirement for structured cabling in India. The increasing digitization of various operations is fueling the development of data centers in the country. Moreover, the increasing affordability of internet connections that support higher bandwidth than before and the hosting of mission critical applications such as customer relationship management (CRM) and enterprise resource planning (ERP) by domestic companies on third-party data centers are propelling the development of data centers in the country.

Apart from the aforementioned factor, the surging requirement for copper cables is also fueling the demand for structured cabling in India. This is driving the advancement of the Indian structured cabling market. As a result, the value of the market is predicted to grow from $430.4 million in 2019 to $812.1 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 7.4% between 2020 and 2030.

Depending on wire category, the Indian structured cabling market is divided into category 7, category 6A, category 6, and category 5e. Out of these, the category 6 wires recorded the highest growth in the market during the last few years and this trend is predicted to continue in the coming years as well. This is credited to the backward capability of these wires with category 5e, category 5, and category 3 cable systems.

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When product is taken into consideration, the Indian structured cabling market is classified into copper components, fiber components, fiber cable, and copper cable. Out of these, the copper cable category recorded the highest growth in the market during the past few years. This was because of the large-scale replacement of the old cabling infrastructure for attaining higher efficiency.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030

* Major factors driving the market and their impact during the short, medium, and long terms

* Market restraints and their impact during the short, medium, and long terms

* Recent trends and evolving opportunities for the market participants

* Historical and the present size of the market segments and understand their comparative future potential

* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings