Press release
Size of Submarine Cable System Market worldwide from 2018 to 2027 (in billion U.S. dollars) | Top Leading companies Hawaiki Cable Limited, Nexans SA, Prysmian Group, and Mitsubishi Electric
Exhibit: Rest of Europe Submarine Cable Systems Market by Application
Asia Pacific leads the submarine cable systems market in 2018 with a significant market share, Whereas Middle East is anticipated to gro 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. 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.
Get sample PDF Brochure @ https://www.theinsightpartners.com/sample/TIPEL00002688/?opr-mj
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.
The global submarine cable systems market by service is segmented into installation services and maintenance & upgrade services. installation services segment dominates the Submarine cable systems market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. The upcoming submarine cable system projects and offshore wind farms are expected to propel the demand for the installation services in the market.
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.
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 internet plays a critical business function. Businesses have witnessed a paradigm shift in the recent times as the focus has shifted from the products onto the consumers. Businesses have laid emphasis on a more service-based approach rather than product-based approach to conduct businesses. Further, the large populations in the region coupled with a plethora of streams of data generation have led to influx of huge amounts of data. Development in cloud computing technology is yet another factor expected to drive the growth of this market in near future. The construction of new data centers is further fueling the growth of submarine cable system market. Also, in many countries across the region, government is placing stringent regulation over data storage which necessitate the agencies to seek data center services.
Inquiry Before Buying @ https://www.theinsightpartners.com/inquiry/TIPEL00002688/?opr-mj
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.
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.
Access the complete report with Comprehensive table of contents @ https://www.theinsightpartners.com/buy/TIPEL00002688/?opr-mj
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Size of Submarine Cable System Market worldwide from 2018 to 2027 (in billion U.S. dollars) | Top Leading companies Hawaiki Cable Limited, Nexans SA, Prysmian Group, and Mitsubishi Electric here
News-ID: 1872158 • Views: …
More Releases from The Insight Partners
Future of Clean Energy - Complete Guide (PDF)
With the mounting population and industrialization, the demand for energy is also rising at the global level. This has boosted the need for alternative energy sources, as traditional energy resources such as fossil fuels are directing to environmental pollution. Clean alternative options such as solar and wind curb immense carbon emissions and their negative impact on the environment and help balance the energy supply and demand. Thus, the rise in…
Mechanical Thrombectomy Devices Market Size, Demand, Share, Analysis with Focus …
An off-the-shelf report on Mechanical Thrombectomy Devices Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade…
Containment Piping System Market Size, Demand, Analytical Overview, Comprehensiv …
Containment Piping System Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies' revenues. It concludes with precise and…
Nutraceuticals - An Ultimate PDF Guide
Consumers in developed and some developing countries are highly attracted to functional products, mainly on account of the added health and wellness benefits. Nutraceuticals are associated with various medicinal and health benefits, such as to improve the function of the immune system, boost gut health, and others. Rising healthcare costs, coupled with the increasing geriatric population across the world, propels the adoption of various nutraceuticals such as dietary supplements, functional…
More Releases for Submarine
Submarine Repeaters Market Size Analysis by Application, Type, and Region: Forec …
According to Market Research Intellect, the global Submarine Repeaters market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for undersea repeaters is expanding steadily due to the growing need for low-latency, high-capacity communication across continents.…
Submarine Cables Market to See Huge Growth by 2032 | Major Giants TE Connectivit …
The Global Submarine Cables market was valued at USD 8.09 Billion in 2024 and is expected to reach USD 5.7 Billion by 2030, growing at a CAGR of 7.5 % during 2024-2030.
HTF Market Intelligence published a new research document of 150+ pages on Submarine Cables Market Insights, to 2030" with self-explained Tables and charts in a presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, and…
Submarine Cable Marine Service Market Expected to Witness Strong Growth by 2030 …
The Submarine Cable Marine Service Market Trends Overview 2023-2030:
A new Report by Worldwide Market Reports, titled "Submarine Cable Marine Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," offers a comprehensive analysis of the industry, which comprises insights on the Submarine Cable Marine Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures,…
Submarine Power Cable Submarine Power Cable Market Growth Status, Share, Size, T …
The latest research study released by Transparency Market Research on "𝗦𝘂𝗯𝗺𝗮𝗿𝗶𝗻𝗲 𝗣𝗼𝘄𝗲𝗿 𝗖𝗮𝗯𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 Forecast to 2022-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Submarine Power Cable industry, as…
Global Submarine Cables Market Size & Trends
According to a new market research report published by Global Market Estimates, the global submarine cables market is projected to grow at a CAGR of 6% from 2023 to 2028.
The significant factors propelling growth of the global submarine cables market include the surge in internet usage, rising cloud computing and data storage requirements, enhanced global communication between continents, increasing demand for high-speed broadband services, deployment of 5G networks, flourishing international…
Submarine Cable Systems Market Growth to 2027 Driven by Large Number of Ongoing …
Earlier, submarine cable systems were laid down for telegraphic communications. Later, they have been used for carrying data traffic such as internet and telecommunications. In developed economies, internet is considered to be the firm pillar of entire digital infrastructure. Various industry verticals depend on the internet to serve better to their customers, thus resulting in the explosion of data traffic. Providing internet service via fiber optic cables ensures maximum reach,…
