Submarine Cable System Market Emerging Trends 2027- Lead By Subcom, Fujitsu Limited, Hawaiki Cable Limited, Prysmian Group, Nexans SA, Sumitomo Electric Industries

In the recent few years, submarine cable systems market has noticed noteworthy M&A and partnership activity. Some of the significant deals include, in 2017 Hubbell Inc. has completed the acquisition of iDevices of Avon. The acquisition would help the Hubbell to strengthen its way to in the field of innovation with the expertise of iDevices in Internet of Things. Another initiative in respect to contractual alliance, is undertaken by Cortem Group consolidated its presence in Saudi territory by signing an exclusive contract with SPF, Safety and Protection Factory. This new exclusive contract signed with the SPF company for the assembly, production and distribution in Saudi Arabia and new management in charge for the Sister Company in Dubai supports Cortem Group to strengthen its presence in Middle East in 2018.

The global submarine cable systems market accounted to US$ 13.4 Bn in 2018 and is expected to grow at a CAGR of 9.2% during the forecast period 2019 – 2027, to account to US$ 30.4 Bn by 2027.

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The key players operating in the Submarine Cable Systemsmarket are Huawei Marine Networks Co., Limited, Subcom, LLC, NEC Corporation, Fujitsu Limited, Nokia Corporation, Hawaiki Cable Limited, Sumitomo Electric Industries, Ltd., Nexans SA, Prysmian Group, and Mitsubishi Electric Corporation.

What the report features:-

• Global analysis of Submarine Cable System market from 2018 – 2027 illustrating the progression of the market.
• Forecast and analysis of Submarine Cable System market by Dosage, Route of Administration and Application from 2018 – 2027
• Forecast and analysis of Submarine Cable System market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

In the recent few years, submarine cable systems market has noticed noteworthy M&A and partnership activity. Some of the significant deals include, in 2017 Hubbell Inc. has completed the acquisition of iDevices of Avon. The acquisition would help the Hubbell to strengthen its way to in the field of innovation with the expertise of iDevices in Internet of Things. Another initiative in respect to contractual alliance, is undertaken by Cortem Group consolidated its presence in Saudi territory by signing an exclusive contract with SPF, Safety and Protection Factory. This new exclusive contract signed with the SPF company for the assembly, production and distribution in Saudi Arabia and new management in charge for the Sister Company in Dubai supports Cortem Group to strengthen its presence in Middle East in 2018.

In 2018, Asia Pacific is accounted for the largest share in the submarine cable systems market Whereas, Middle Eat & Africa region is expected to be the fastest growing region in the submarine cable systems market. The demand for submarine cable systems is anticipated to be robust, due to growing need of reliable connectivity through the fiber optic cables.

Key findings of the study:

In APAC region, Hong Kong holds the largest submarine cable systems market share in the Asia Pacific region. Hong Kong The liberalization of the external-facilities based telecommunications market By the Office of Communications Authority (OFCA) in Hong Kong has led to the country adopting an open licensing regime. As a result, many submarine cable systems find Hong Kong to be an important landing site. Nevertheless, India is anticipated to tbe the fasterst growing region of the submarine cable market.

In Middle East and Africa region, South Africa is expected to be the fastest growing country and the UAE is the holds the largest share in the market. Africa is experiencing high industrial and infrastructural growth. The energy sector and telecom sector in the region is growing at a high pace attributed to the increasing population and developments in international connectivity. Also, the continuous investment in UAE’s infrastructure is propelling the market growth in UAE.

Merger and acquisition are expected to be the key growth strategy to be adopted by players for the next two-three years. However, this strategy could impact competition; it is also expected to generate new market as well as product opportunities as recently combined companies will thrive to maintain position and profitability.

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This release was published on openPR.