Growing Demand for Bandwidth Spurs Growth in Submarine Optical Fiber Cables Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 04, 2013 -- Follow us on LinkedIn – Modern day economies, individuals, and businesses have become increasingly dependent on uninterrupted global data connectivity. With demand for bandwidth growing rapidly, there is an ever-rising need for fiber optic interconnectivity to support the growing data traffic. Most of the present-day transoceanic Internet traffic is transmitted through submarine cables, owing to the high level of efficiency in transmission through submarine cables, as against satellites. Submarine optical cables are known to transmit about 100% of the entire international Internet traffic, as well as more than 95% of the world’s combined data and voice traffic. Data traffic through undersea optical fiber cables offer advantages in terms of high reliability, security and capacity, and cost-effectiveness. Advancements in optical transmission technology that aids in improvement of data rate, capacity, and channel count, and rising demand for data and video transmissions are expected to trigger demand for submarine cables. At present, only 20 countries and territories remain outside the global fiber optic connectivity, with projects currently underway for addressing the needs of these un-served regions. While most new projects are aimed at addressing the needs of emerging markets, rising bandwidth needs of the world are necessitating upgrades on several existing routes.
As stated by the new market research report on Submarine Optical Fiber Cables market, Transpacific represents the largest segment in the market. While European countries and the United States have been at the forefront of submarine cable system development due to the escalating bandwidth consumption, future growth would be driven by rising investments across developing markets such as China, India, Brazil, and Africa, most of which would be led by telecom carriers. Investment opportunities are expected in smaller markets that are presently linked through a single exclusive fiber optic submarine cable. With a CAGR of 6.8% over the analysis period, Africa represents the fastest growing submarine cable route, globally. Rapid growth in mobile telephony and broadband Internet usage in Africa are driving demand for reliable connectivity and affordable broadband services.
Multiple submarine network projects in pipeline will further position Africa as a major hub for broadband connectivity. Also, with the advent of advanced submarine cable systems into Sub-Saharan Africa, international bandwidth demand of the continent has grown at a robust rate, with over 100% growth in demand recorded for several markets in the region. Latin America represents another attractive market for investment in submarine fiber optic cable projects, owing to the region’s robust economic growth and rising demand for bandwidth. While Brazil is likely to be the focus of investments within Latin America, other countries such as Argentina, Colombia, and Uruguay are also being targeted by submarine cable operators. With Brazil playing host to two international sporting events in the near future, the country is laying emphasis on submarine cable projects that would keep pace with the anticipated rise in demand for bandwidth capacity. Brazil’s efforts to emerge as a worldwide telecom hub, linking BRICS countries to south Atlantic networks, are also expected to open up alternate routes for cables traversing through the Mediterranean and Egypt.
Major players covered in the report include Alcatel-Lucent, Bezeq International Ltd., Emerald Networks Inc., Fujitsu Limited, Huawei Marine Networks Co. Limited, Infinera Corporation, NSW, NTT Communications Corporation, Reliance Globalcom Ltd., Tata Communications Limited, TE SubCom, and Xtera Communications Inc., among others.
The research report titled “Submarine Optical Fiber Cables: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as Africa, Transatlantic, Europe & Mediterranean, Transpacific, South East Asia and Others.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Submarine_Optical_Fiber_Cables_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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