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Research and Markets, an international market research institution, recently released a report that from 2018 to 2024, the revenue of the Middle East structured cabling market will continue to grow
at a compound annual growth rate of 7.
1%.
Based on product type, the cable segment was the highest revenue sub-segment in the overall structured cabling market in 2017 due to the large use of cables in multiple areas, including large infrastructure projects, data centers, hospitality and even smart homes
.
Moreover, due to the relatively short life cycle of cabling components, the market for structured cabling components is expected to grow
at a healthy rate in the coming years.
Several countries in the Middle East have adopted national plans such as Saudi Arabia's Vision 2030, Qatar's National Vision 2030, UAE's Vision 2021, New Kuwait Plan 2035, Oman's Vision 2020, and Bahrain's Master Plan 2030 to achieve the full development
of their economies.
Based on these initiatives, countries will carry out large-scale development activities in the commercial and transportation sectors, which will activate the demand
for the structured cabling market in the region.
Due to the heavy use of structured cabling solutions in this segment, the commercial segment will become the major revenue market for the overall structured cabling market
.
With the social infrastructure sector expected to develop further in the future in many Middle Eastern countries, the dominance of the business sector is also expected to continue
during the forecast period.
Research and Markets, an international market research institution, recently released a report that from 2018 to 2024, the revenue of the Middle East structured cabling market will continue to grow
at a compound annual growth rate of 7.
1%.
Based on product type, the cable segment was the highest revenue sub-segment in the overall structured cabling market in 2017 due to the large use of cables in multiple areas, including large infrastructure projects, data centers, hospitality and even smart homes
.
Moreover, due to the relatively short life cycle of cabling components, the market for structured cabling components is expected to grow
at a healthy rate in the coming years.
Several countries in the Middle East have adopted national plans such as Saudi Arabia's Vision 2030, Qatar's National Vision 2030, UAE's Vision 2021, New Kuwait Plan 2035, Oman's Vision 2020, and Bahrain's Master Plan 2030 to achieve the full development
of their economies.
Based on these initiatives, countries will carry out large-scale development activities in the commercial and transportation sectors, which will activate the demand
for the structured cabling market in the region.
Due to the heavy use of structured cabling solutions in this segment, the commercial segment will become the major revenue market for the overall structured cabling market
.
With the social infrastructure sector expected to develop further in the future in many Middle Eastern countries, the dominance of the business sector is also expected to continue
during the forecast period.
