The submarine cable systems market is expected to grow at a CAGR of 10.5% over the forecast period. Increasing demand for high-speed internet in emerging economies, growing telecom subscriptions, and rising investments in renewable energy sources, particularly in offshore wind power, tidal, and wave, are among the significant factors driving the growth of the submarine cabling systems market.
The submarine cable systems market is moderately fragmented, with several players, such as NEC Corporation, JDR Cable Systems LLC, Sumitomo Electronic Industries Ltd, Nexans SA, and Fujitsu Ltd. These players continuously invest in collaborative projects, agreements, and long-term partnerships. They are also adopting other strategies, such as mergers, acquisitions, etc., to increase revenue growth and expand their global footprints.
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