Submarine Cable Systems Market (2020-20267) | Latest COVID19 Impact Analysis | Know About Brand Players: Prysmian Group, Nexans, NEC Corporation and Subcom

According to the new research report published by The Insight Partners, titled “Submarine Cable Systems - Global Analysis and Forecast to 2027”, The Global Submarine Cable Systems Market is expected to reach US$ 30.4 Bn in 2027, registering a CAGR of 9.2% during the forecast period 2019-2027.

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 the growing need for reliable connectivity through fiber optic cables.

In the recent few years, the 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 Hubbell to strengthen its way to in the field of innovation with the expertise of iDevices in the Internet of Things. Another initiative in respect to the 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 the Middle East in 2018.

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The internet plays a critical business function. Businesses have witnessed a paradigm shift in 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 a 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 an 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 the submarine cable system market. Also, in many countries across the region, the government is placing stringent regulations over data storage which necessitate the agencies to seek data center services.

The Structure Of The Submarine Cable System Market Report Can Be Categorized Into Following Sections:

Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.

The Prominent/Emerging Players In The Submarine Cable System Market Research Include:

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 Submarine Cable System Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Internet is the backbone of advancements in an economy

Developments in the developing economies have been exponential in the recent few years whereas, in the already developed nations, the internet is considered to be the backbone of the entire digital infrastructure. Dependence on various industry verticals on the internet to serve better to their customers has been increasing resulting in the explosion of data traffic. Governments of various countries worldwide have laid their stress on the reach of high-speed internet services in urban and rural areas of their countries.

Growing investments of content and cloud service providers

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.

Company Overview:

Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

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The Submarine Cable System Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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Email:                        sales@theinsightpartners.com

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This release was published on openPR.