A $25 Billion Global Opportunity for Submarine Optical Fiber Cables by 2026 - New Research from StrategyR
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Amid the COVID-19 crisis, the global market for Submarine Optical Fiber Cables estimated at US$18.3 Billion in the year 2022, is projected to reach a revised size of US$25 Billion by 2026, growing at a CAGR of 10.7% over the analysis period. - Submarine optical fiber cables dominate international voice and data traffic, due largely to the advantages offered in terms of high reliability, security and capacity, cost-effectiveness on major routes.
- For cloud and big data concepts to be realized, telecom sector requires strong connectivity between these data centers, thus further raising importance of submarine optical fiber cables.
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