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The global structured cabling market is set for continued growth over the next five years, a new report has suggested.
The study by Report Buyer found that the $6 billion (£3.89 billion) value of the market in 2012 is set to grow to $8.3 billion (£5.18 billion) by the year 2020.
The market could see a compound annual growth rate (CAGR) of four per cent during that time, with much of that figure being driven by an increase in the amount of cabling used for data centres, which in 2012 totalled around $1.1 billion (£710 million) or 19 per cent of the market.
By 2020, that number is now expected to reach $1.6 billion (£1.04 billion), although that would still be a 19 per cent share of the market.
Meanwhile, cabling in LAN, which accounts for just over 80 per cent of all cabling installed, is expected to grow from $4.9 million (£3.17 million) to $6.7 million (£4.34 million) in 2020, despite Report Buyer predicting a fall in the number of workstations and outlets per desk.
However, the market as a whole will continue to grow due to gains across various emerging markets, which could see increases of five to six per cent a year, while new construction could grow by ten to 11 per cent.
Demand for data increasing
The current digital age has led to the introduction of a myriad of new devices, including smart phones, tablets and laptops.
Many of these products are being implemented as part of a company's infrastructure, often as part of a bring your own device (BYOD) or mobile working strategy.
As a result many corporate data centres are becoming increasingly demanding in terms of data storage and speed, enabling effective file sharing and networking for companies and organisations in a wide range of industries.
The report adds that many businesses will begin to place a greater emphasis on purchasing infrastructure as a service and software as a service, due to a majority of companies viewing the associated costs to be lower.
In terms of data centres themselves, experts expect the trend of using fibre to continue over the course of the next few years, particularly within mega data centres, which are moving towards using singlemode fibre.
Meanwhile, large data centres are beginning to look towards using multimode fibre and MPOs.
The number of computer rooms and smaller-sized centres will tumble amid a greater emphasis on cloud services and the outsourcing of services.
Such systems also allow for the levels of flexibility and scalability that end-users demand.
