[Cable Network News] According to the latest research report released by Research and Markets, an international market research institute, the Asia-Pacific region will be in the year 2027.Submarine optical fiber cableThe size of the system market will increase from $5.612.6 billion in 2017 to $14.713.3 billion, with an annual compound growth rate of 9.8%.
The Asia-Pacific region is composed of most developing economies. It is also a large population concentration group of Internet services, and a region with a high number of underserved people. This provides opportunities for leading social media and Internet-based service providers to benefit from untapped markets.
With the popularity of cheap smartphones and tablets as well as the popularity of computing devices in businesses and households, the region has become the fastest growing user base for Internet services. Therefore, the strong growth of Internet connection users and good economic growth in the region are factors that induce enterprises and cloud service providers to build servers near users, enabling them to access data with reduced waiting time and response time. This will directly translate into the growth of the submarine cable system market in the region and stimulate the connection between ground optical fiber cables and international broadband networks.
Over the past 20 years, significant progress has been witnessed in the deployment of submarine cable systems in the Asia-Pacific region. By 2020, the demand for bandwidth in the trans-Pacific submarine cable network is expected to increase seven times the current bandwidth size, thus attracting a large amount of market investment.
In addition, prices have fallen sharply in the past two or three years as demand for increased capacity of submarine optical cable systems in Asia continues to grow. Low incremental cost of consumables is one of the main factors leading to lower deployment prices of submarine optical cables.
The Asia-Pacific region is considered to be one of the most important communication hubs in the world. Therefore, effective communication wiring infrastructure can promote seamless information exchange across data centers, and will play a vital role in the transformation of the region. As the demand for trans-Pacific bandwidth multiplies by 2020, investment in submarine optical cable systems is expected to reach new heights in the next few years.
Major players influencing the market of submarine optical cable systems in the Asia-Pacific region include Huawei, Subcom, NEC, Fujitsu, Nokia, Henton Group, Sumitomo Electric, Nixon, Prismann and Mitsubishi Electric.
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