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Technavio, an international market research institution, recently released a submarine cable market research report that the compound annual growth rate of the global submarine cable market will reach 11.
04% from 2021 to 2025, and the scale growth is expected to exceed 3.
8 billion US dollars.
According to the report, the growing demand for fast and reliable data, increasing investments due to IoT and cloud-based technology development will boost the rapid growth
of the submarine cable market in the coming years.
At the same time, the increasing penetration of smartphones and the growing demand for high-speed internet for bandwidth expansion applications will greatly drive the growth
of the global submarine fiber optic cable market.
In addition, the decline in installation costs will make one of the major trends in the future and a major favorable factor
for the growth of the submarine fiber optic cable market.
Advances in technology have led to lower manufacturing costs and an increase
in the number of installations.
However, on the other hand, challenges such as fiber damage caused by human activities and fish attacks and difficulty of installation are also restraining the growth of the market to some extent
.
Over the forecast period, 53% of the market growth will come from Asia Pacific
.
China, Japan and India are the main markets
for submarine cables in the region.
Technavio, an international market research institution, recently released a submarine cable market research report that the compound annual growth rate of the global submarine cable market will reach 11.
04% from 2021 to 2025, and the scale growth is expected to exceed 3.
8 billion US dollars.
According to the report, the growing demand for fast and reliable data, increasing investments due to IoT and cloud-based technology development will boost the rapid growth
of the submarine cable market in the coming years.
At the same time, the increasing penetration of smartphones and the growing demand for high-speed internet for bandwidth expansion applications will greatly drive the growth
of the global submarine fiber optic cable market.
In addition, the decline in installation costs will make one of the major trends in the future and a major favorable factor
for the growth of the submarine fiber optic cable market.
Advances in technology have led to lower manufacturing costs and an increase
in the number of installations.
However, on the other hand, challenges such as fiber damage caused by human activities and fish attacks and difficulty of installation are also restraining the growth of the market to some extent
.
Over the forecast period, 53% of the market growth will come from Asia Pacific
.
China, Japan and India are the main markets
for submarine cables in the region.
