Submarine Cable System Market Trends Shows a Steady CAGR Growth to 2025 Subcom, Fujitsu Limited, Hengtong Group, Nexans, Prysmian Group

Asia Pacific region comprises of majority of developing economies and also a huge underserved population for internet services. This presents fortunate opportunities for leading social media players and internet based service providers to reap benefits of the untapped market. With proliferation of cheap smart phone and tablets and increasing penetration of computing devices in business and households, the region presents highest growing user base seeking internet based services. Thus, strong growth of internet connected users coupled with good economic growth in the region are the factors luring the enterprise and cloud service providers to establish servers in proximity to the users enabling them to access data with reduced latency and reaction time.

This directly translates to the growth in the submarine cable systems market in the region that bring about the connection between the terrestrial fibers cables with the international broadband networks. The Asia pacific region is said to constitute one of the most expansive undersea cable networks that has played a crucial role in the transformation of this region. Further, with the multi- folds rise in demands of increased trans- pacific bandwidth by 2020, it is anticipated that investments for the submarine cable systems would reach new heights in the coming years. Asia Pacific contributes heavily to the data consumption. Higher rates of smartphone penetrations in the Asian countries especially India and China coupled with the parallel advancements in the 3G and 4G communication technologies have significantly contributed to the communications industry advancements in the region.

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The top companies operating in the field of submarine cable system include Alcatel (Nokia Networks), NEC Corporation, TE Subcom, and others. Various other companies operating in the market and are coming up with new technologies and offerings which is helping the market for the submarine cable system to expand over the years in terms of revenue.

APAC submarine cable systems market is expected to grow from US$ 5,612.6 Mn in 2017 to US$ 14,719.3 Mn by 2027 at a CAGR of 9.8% between 2018 and 2027.

Asia Pacific comprises of various emerging economies where the Governments in the recent times are support various policies for enabling economic growth. Digitalization of the economy has taken center stage in majority of the countries such as India, china, Vietnam, Hong Kong, Malaysia, and Indonesia. The power of internet is being harnessed for enabling rapid economic progress in the countries. As a result, many submarine cable system deployments are being witnessed currently in the Asia Pacific region. The Malaysia, Combodia, Thailand (MCT) submarine cable system, and the NEC supported submarine cable system for connecting Chennai with Andaman & Nicobar Islands are few examples of ongoing submarine cable system deployments in APAC market.

Government in both developed and developing economies are focusing on enhancing targets of broadband coverage and internet capabilities in both rural and urban areas, government are aggressively spending on digital infrastructure, expanding network capabilities for efficiently rolling out new technologies and connecting citizens with broadband and technology, which will also indirectly boost the growth of other industry as well. Developing economies such as India and China are one of the prime examples of countries where governments are taking positive steps for fostering adoption of optical fiber cables as well as the underlying submarine cable systems to provide interconnection to the terrestrial networks

The APAC submarine cable systems market has been segmented on the basis of service, and application. On the basis of service, the market has been segmented into installation services, and maintenance & upgrade services. The submarine cable system finds its applications into the communication sector and also in the energy & power sector.

The report segments the Asia Pacific Submarine Cable Systems market as follows:

Asia Pacific Submarine cable systems Market - By Service
Installation
Maintenance & Upgrade

Asia Pacific Submarine cable systems Market - By Application
Communication
Energy & Power

Asia Pacific Submarine cable systems Market - By Country
China
Australia
India
Japan
South Korea
Indonesia
Malaysia
Singapore
Hong Kong
Rest of Asia Pacific

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This release was published on openPR.