World Cable Management Market to Reach $25.1 Billion by 2022
According to a new report published by Allied Market Research titled "World Cable Management Market - Opportunities and Forecasts, 2015-2022," the world cable management market is expected to reach $25.1 billion by 2022, with a CAGR of 12.4% from 2016 to 2022. North America is the dominant market and is expected to be the leading contributor in global revenue, owing to the high adoption of cable management solutions in various end user industries in the region. Converged infrastructure and high density servers result in abundance of power, thereby demanding higher adoption of cable management systems for efficient power and energy management. In addition, ongoing developments in commercial constructions and infrastructure in the Asia-Pacific region are likely to facilitate the growth of the market.
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