Publication Month: May 2019 | Report Code: TIPEL00002688 | No. of Pages: 165 | Category: Electronics and Semiconductor | Status: Published
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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.
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.
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.
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|Market Size Value in||US$ 13.4 Billion in 2018|
|Market Size Value by||US$ 30.4 Billion by 2027|
|Growth rate||CAGR of 9.2% from 2019-2027|
|No. of Pages||165|
|No. of Tables||56|
|No. of Charts & Figures||62|
|Historical data available||Yes|
|Segments covered||Service and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
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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.
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 List of Companies