Global Structured Cabling Market 2019-2023| Integrated Building Management System to Augment Growth| Technavio
LONDON--(BUSINESS WIRE)--Jan 9, 2019--The global structured cabling market is expected to post a CAGR of 8% during the period 2019-2023, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190109005333/en/
Technavio predicts the global structured cabling market to post a CAGR of 8% during 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing investments in construction of data centers. Data centers have become a crucial part of organizations. Many companies are compelled to build data centers of their own or lease their data center spaces owing to the growth in the amount of data being generated. The growing interest in cloud computing will further drive the need for data centers.
As per Technavio, the adoption of integrated building management system will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global structured cabling market: Integrated building management system
An integrated building management system is a type of master control system that combines every mechanical, electrical, security, and communication systems within a facility into a single unified system. This allows them to seamlessly exchange information with each other and work together. This system makes the entire operation more effective, reduces operating costs, and leads to a more secure and responsive building environment.
“A single interface controls all the systems involved. The interface can be accessed onsite over a touchscreen workstation or over the Internet using smartphones, tablets, laptops, or other mobile devices. A graphical interface is used in web-based building management solutions that provides users with real-time information and enables them to adjust any system in the building as and when required,” says an analyst at Technavio for research on electrical components & equipment.
Global structured cabling market: Segmentation analysis
This market research report segments the global structured cabling market by end-users (data centers, telecommunications, industrial, and buildings) and geographical regions (the Americas, APAC, and EMEA).
The data centers segment held the largest market share in 2018, accounting for nearly 38% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2018 with a market share of over 48%. This region is expected to dominate the market through 2023, however there will be a decrease in its market share by over 1%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005333/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 01/09/2019 10:01 AM/DISC: 01/09/2019 10:02 AM