Submarine Cable System Market: Growing investments of content and cloud service providers

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.


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 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. 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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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.

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 opport

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.

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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