By 2027, the Asia-Pacific submarine cable market will exceed $14.7 billion

According to a recent research report released by Markets and Markets, an international market research institution, the Asia-Pacific submarine cable market will reach $14.
72 billion by 2027, with a compound annual growth rate of 9.
8%.

Submarine cable systems are vital infrastructure
for global interconnected networks.
Today's globalized economy requires a highly secure and reliable internet infrastructure to effectively support high-bandwidth applications and the modern world's trends of cloud data centers and software-defined networking (SDN).

In addition, the exponential growth of data center interconnection (DCI), cloud computing, artificial intelligence, big data, and IoT is also driving the demand
for robust intercontinental submarine cable infrastructure.
This development of internet infrastructure is expected to bring huge opportunities
to the submarine cable system market.

With the increasing demand for increased capacity of submarine cable systems in Asia, the cost of submarine cable systems has decreased significantly in the past two to three years, which also provides significant opportunities for companies to strengthen their submarine cable business and further develop the market
.

On the basis of application, the submarine cable systems market is segmented into communications and energy and power
.
The communications sector is expected to continue to dominate the submarine cable system market
.

Increasing international bandwidth demand and increasing internet penetration are driving the market demand for
submarine communication cable systems.
In addition, increased investment by content providers is also stimulating the Asia-Pacific region
.

In terms of enterprises, Huawei Marine, NEC, Fujitsu, Nokia, Hengtong Optoelectronics, Sumitomo Electric, Nexans, Mitsubishi Electric and Prysmian will become the major system service providers
in the region during the forecast period.