Reportstack has announced a new market research report on the Global Submarine Fiber Cable Market 2015-2019. One key trend upcoming in this market is the up-gradation of the existing submarine cables and the successful testing of 400G cables. With the increasing data traffic and demand for high-speed broadband, the demand for dark fibers is increasing at a significant rate. Hence, most of the submarine fiber cable owners are upgrading the existing the 10G cables to 100G. The overall market is expected to grow at a steady CAGR of 6.99 percent during the forecast period of 2014-2019.
Currently, the market is witnessing a second wave of investment from the developing nations in Latin America, Southeast Asia, and the east and west coast of Africa. Moreover, the market is witnessing an increase in investments in technological upgradation of submarine fiber cables in the Trans-Atlantic and Trans-Pacific regions. Most of the new projects are small or medium-sized projects. Also, the increased funding from financial institutions such as the Asian Development Bank and World Bank in Africa to connect the islands in this region is also expected to drive the market growth during this period
“The submarine fiber cable deployment cost per kilometer has decreased significantly in recent years and is further expected to decrease during the forecast period,”.
“The usage of advanced technology in marine surveys to determine the possible deployment routes has helped arrive at the most cost-effective route for cable deployment.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Global Submarine Fiber Cable Market 2015-2019.