Press release
Submarine Cable System Market to Grow at 9+% CAGR to Reach US$ 14,719.3 Mn by 2027 Led by Huawei Marine Networks, SubCom, NEC Corporation, Fujitsu Limited, Nokia Corporation, Hengtong, Sumitomo Electric Industries, Nexans SA
Submarine Cable System Market to 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.
The report is an in-depth analysis of the Submarine Cable System Market. It allows the market players, investors, and interested individuals to understand the market trends and growth opportunities in the space and devise strategies for business growth. It underlines the drivers, restraints, and opportunities affecting the industry and discusses the market size and share, segmentation, and technology trends that prevail. Information about the key players operating in the market are also discussed.
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Some of the key players operating in the submarine cable systems market include Huawei Marine Networks Co., Limited, SubCom, LLC, NEC Corporation, Fujitsu Limited, Nokia Corporation, Hengtong Group Co., Ltd., Sumitomo Electric Industries, Ltd., Nexans SA, Prysmian Group, and Mitsubishi Electric Corporation among others.
Key Benefits:
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Submarine Cable System Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
An exclusive Submarine Cable System Market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Submarine Cable System Market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Submarine Cable System Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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 fiber cables with the international broadband networks.
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
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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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