According to a new report from FTM Consulting – certified by Information Gatekeepers Inc. (IGI) – the structured cabling systems (SCS) market is forecast to grow at a compound average annual growth rate of 13.1 percent through 2015.
Frank Murawski, president of FTM Consulting, said in a statement, “This latest study of the SCS market includes an analysis and forecast of SCS spending by 17 different vertical markets, such as healthcare, retail, manufacturing, finance/insurance services, etc. The analysis combined federal government data statistics for the individual industries (number of employees, number of firms, etc.) with FTM Consulting’s vast database on the SCS market.”
Healthcare was the leading vertical market customer for SCS products in 2010. Healthcare spending of $680.7 million accounted for 12.9 percent of the total 2010 SCS market.
After healthcare, state government is the second largest sector, with an 11.8 percent share, followed by the retail sector, with an 11.6 percent share. The other two leading sectors include professional and technical services at an 8.7 percent share and manufacturing with an 8.4 percent share.
These five vertical sectors account for more than half the SCS market in 2010.