Submarine Cable System Market to Grow at 9.2% CAGR to Reach $30.4 Billion by 2027 Led by Prysmian, Subcom, Nexans, Hawaiki Cable, Sumitomo Electric Industries, NEC Corporation, Huawei Marine Networks

The global submarine cable systems market to grow at a CAGR of 9.2% during (2019-2027) to reach $30.4 Billion by 2027 from $13.4 Billion in 2018 driven by the growing investments of content and cloud service providers and internet is the backbone of advancements in an economy.

By 2020, the bandwidth demand for the trans-pacific undersea cables network is anticipated to grow to seven-folds of the current bandwidth value, and thereby attract huge investments for the market. Asia Pacific region is considered to be one of the important communications hubs across the globe and therefore efficient communication cabling infrastructure for empowering seamless information exchange across the data centers is one of the most crucial aspects for the region.

Geographically, the Submarine Cable Systems market is segmented into North America, APAC, Europe, MEA, and SAM regions. Asia Pacific leads the submarine cable systems market in 2018 with a significant market share, Whereas Middle East is anticipated to grow with a highest CAGR.

Various significant developments have been witnessed with regards to the deployments of the submarine cable systems in the Asia Pacific region. Furthermore, the Middle East and Africa is expected to witness high demand due to, government focus on increasing optical fibers in the region owing to the high efficiency and reduce power consumption.

In the Middle East region, based on the cables installed, the UAE leads the region (19 cables), followed by Saudi Arabia and Oman correspondingly. Further, over 50% of the 39 cables serving the region land in these three countries.

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Global Submarine cable systems Market Company Profiles:

• Huawei Marine Networks Co., Limited
• Subcom, LLC
• NEC Corporation
• Fujitsu Limited
• Nokia Corporation
• Hawaiki Cable Limited
• Sumitomo Electric Industries, Ltd.
• Nexans SA
• Prysmian Group
• Mitsubishi Electric Corporation

The global submarine cable systems market by application is segmented into communication and energy & power. Communication segment dominates the submarine cable systems market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. In The concerns for faulty lines and natural disasters are widely steering the need for submarine cable system maintenance & upgrade services.

Strategic Insights:

Market Initiatives was observed as the most adopted strategy in the global Submarine cable systems market. Few of the recent market initiatives are listed below:

2018: NEC Corporation announced that it has signed an agreement with the Southeast Asia–Japan 2 consortium (SJC2 consortium) to build a high performance submarine cable connecting Singapore, Thailand, Cambodia, Vietnam, Hong Kong, Taiwan, mainland China, Korea and Japan.

2018: Fujitsu unveiled its new Development of Novel Technology, an ultra-high capacity wavelength-division multiplexing system, to Massively Boost Optical Data Transfer Throughput Using Existing Equipment. The new technology enables the usage of multiple wavelength bands to support expanded transmission capacity between datacenters.

2018: Nexans unveiled that it will manufacture and deliver 250 kilometers of subsea fiber-optic cable to Huawei Marine as prime turnkey supplier for the construction and deployment of the SEAX-1 project. The project will connect Malaysia and Indonesia, providing the population of the region with high-speed robust connectivity.

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2018: Djibouti Telecom and Somtel Declared about supply contract for Djibouti Africa Regional Express 1 (DARE1) submarine cable system with SubCom. The 5,400km DARE1 submarine cable system is expanded into eastern Africa that connects Mogadishu (Somalia), Djibouti (Djibouti), and Mombasa (Kenya).

The data center footprints are extensive and have been increasing at exponential rates. However, large parts of the world are still underserved. Data centers have become increasingly important nodes of information that store, process and transfer large amounts of data, and is used by various industry sectors across the globe. As economies develop, the deployment of data centers is also expected to rise. Interconnection of these data centers is through the content distribution networks that use the submarine-based cabling for their usage. This trend is expected to provide prosperous opportunities to the market to grow and thus, positively impacting the submarine cable systems market.

Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Submarine Cable System Market

2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Submarine Cable System Market, thereby allowing players across the value chain to develop effective long term strategies

4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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This release was published on openPR.