The extensive study on the Submarine Cable System market published by TMRR offers valuable insights related to the overall prospects of the Submarine Cable System market during the forecast period (2019-2029). The presented study suggests that the Submarine Cable System market is anticipated to reach ~US$ by the end of 2029 and grow at a CAGR of ~XX% over the assessment period. The current and future prospects of the Submarine Cable System market in the upcoming decade are analyzed in the presented report with utmost precision.
The Submarine Cable System market study is an essential source of information for the upcoming market players who are vying to establish a strong presence in the current Submarine Cable System market landscape.
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Submarine Cable System Market Segregation
The staggering rise in internet traffic all over the world, especially in emerging economies, and the burgeoning number of telecom subscriptions are notable factors driving the demand for submarine cable system. The proliferating number of telecom subscriptions and the rising need for high-speed internet connections among enterprises, especially in Asia Pacific, is bolstering the expansion of the market. The rising number of offshore wind energy installations has propelled the demand for submarine power cables, thus fueling the growth of the submarine cable system market. Constant efforts by key industry players to bring upgrades to submarine cable system are creating new, lucrative avenues to the market players. The rising demand for high-end digital services among consumers in emerging economies is a vital trend catalyzing the construction of submarine cable system.
Global Submarine Cable System Market: Market Potential
The submarine cable system is reaping lucrative gains from the growing number of contracts for new systems as well for adding new branches in the existing system in emerging and developed regions. Tyco Electronics Subsea Communications LLC. (previously known as TE SubCom) declared in September 2018 that it has secured a contract to build two new branches to MainOne submarine cable system that stretches over 7000-km from Portugal to Nigeria. The branches added will be at Dakar and Abidjan.
The U.S.-based company will also upgrade the cable system by adding the reconfigurable optical add-drop multiplexer (ROADM) capacity to it. By November in the next year, the potential capacity of the submarine cable system will be upgraded to potential capacity of 10 Tbps. This measure forms a part of initiatives to bridge the digital gap between West Africa and the rest of the world. Adding the pair of new points to the cities will reinforce commercial development of the region by opening them to bandwidth markets across borders.
In another recent development on the construction of new electricity submarine cable system Prysmian Group, an Italian multinational corporation manufacturing, has secured a new contract for laying down a cable interconnecting the island of Crete and mainland Greece. The project was awarded by Independent Power Transmission Operator and is worth €125 million. The project will be finalized by the end of this year after it passes the regulatory go-ahead.
Global Submarine Cable System Market: Regional Outlook
Of the various regional markets for submarine cable systems, Asia Pacific is likely to stand out from others. This is fueled by the rising demand for high-speed interconnections in its economies and the rise in investments by prominent telecom providers domiciled in developing countries. These companies have made sizeable investments in projects for laying down submarine cable system spanning several continents and regions. The report takes a critical look at the current and emerging avenues in various regions and the imminent investment pockets in key regional markets.
Global Submarine Cable System Market: Competitive Analysis
The report offers a detailed and in-depth assessment of the elements of key competitive dynamics prevailing in the submarine cable systems market. The analyses takes a closer look at the key strategies adopted by various players to gain a better foothold or stronghold over the landscape. Some of the key players vying for a substantial stake in the submarine cable systems market are Nexans S.A., NKT Holding, Saudi Ericsson, NEC Corp, TE Connectivity, and Alcatel-Lucent.
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Key queries addressed in the report:
- How are market players expanding their regional and international market presence?
- Why is the adoption of product 1 expected to outpace that of product 2?
- What is the scope of the Submarine Cable System market in region 1?
- What is the most cost-effective distribution channel for market players in region 1 and region 2?
- How are market players adjusting to the fluctuating prices of raw materials?
Critical data that can be drawn from the Submarine Cable System market report:
- Analysis of the market structure in each regional market
- Key technological developments relevant to the Submarine Cable System market
- The regulatory landscape of the Submarine Cable System market in different geographies
- The projected growth of each Submarine Cable System market segment and sub-segment during the forecast period
- Sales, promotional, and distribution channels adopted by market players in the Submarine Cable System market
The regional assessment of the Submarine Cable System market throws light on the market share, size, and value of each regional market. Further, the scope of the Submarine Cable System market in each region is discussed in the report along with informative and easy-to-understand graphs, figures, and tables.
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