The global data center structured cabling market is projected to exhibit a 11.4% CAGR from 2018 to 2023 (forecast period) owing to high bandwidth demand from hi-speed connectivity devices and systems. The penetration of smart devices, propagation of the Internet, and the adoption of cloud-based services to centralize all resources of an organization effectivly are primary growth factors of the market. Automation of various processes and the popularity of internet of things (IoT) are expected to open up new expansion opportunities for the market in the forthcoming years.

Sourced through Scoop.it from: amazingherald.com