2021-27 Global submarine communication cable annual compound growth of 11.1%

According to a report released by Report Ocean, a submarine cable market research institution, the compound annual growth rate of the global submarine communication cable market will reach 11.
1%
from 2021 to 2027.

An undersea communication cable is a cable placed on a bed of water between two stations on land to transmit and receive telecommunications signals
from both ends.
Submarine communication cables consist of fiber optic technology to transmit digital data and maintain data privacy
.
A vast network of telecommunications submarine cables is being built to connect communications
between countries.

According to information published in 2021 by Telegeography, there are currently 464 submarine communication cable systems under construction and in operation worldwide, as well as 1,245 landing stations
.

For example, Africa has one of the longest cables ever built – 2Africa
.
The 37,000-kilometer cable will connect 16 countries
in Africa.
In addition to its extremely long length, the cable has a huge potential capacity
of more than 16 Tbps with more than 180 Tbps.

The consortium responsible for the development of the system includes China Mobile, Facebook, MTN, Orange, STC, Egypt Telecom, Vodafone and WIOCC.

Maroc Telecom West Africa, Telecom's new West African cable, also connects Casablanca to the south to Côte d'Ivoire, Togo, Benin and Gabon
.

EllaLink, the first submarine communication cable system directly connecting Latin America and Europe, was also successfully commissioned in the second half of 2021, with branches to Madeira and Cape Verde
.

In fact, large companies such as Amazon, Apple, Google, and Microsoft have invested heavily in the development of communication networks, surpassing the global Internet backbone providers, leading to market growth
.
Moreover, the increasing demand for high internet connectivity has greatly boosted the demand
for submarine cables.
Customers are demanding efficient service in the face of surge in data connection speeds, resulting in high demand
for higher bandwidth transmissions.

However, the complexity of installation and the high costs involved along with the complexity of maintenance are the major factors
restraining the growth of submarine telecommunication cables across the globe during the forecast period.

Regional analysis
of the global submarine telecommunications cable market in key regions such as Asia Pacific, North America, Europe, Latin America, and the rest of the world is considered.
Asia Pacific is a leading/important region globally due to increasing internet penetration
.
Asia Pacific is also expected to exhibit the highest growth rate/CAGR
during the forecast period.
Factors such as the increasing demand for enhanced telecom networks and the increasing demand for efficient services will create lucrative growth prospects
for the submarine telecommunication cable market in the Asia-Pacific region.

From the perspective of market participants, during the forecast period, Alcatel-Lucent of France, SubCom, a subsidiary of Tyco Electronics of the United States, NEC of Japan, Prysmann of Italy, Nexans of France, Google of the United States, Ericsson of Saudi Arabia, Hengtong Optoelectronics of China, Anquet of Denmark and JDR Cable of the United Kingdom will become the major market players
in the field of submarine communication cables.