Submarine Fiber Cable Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcatel Submarine Networks Ltd. and Corning Inc. | Technavio
LONDON–(BUSINESS WIRE)–The global submarine fiber cable market is expected to grow by USD 4.34 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 15%.
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Read the 120-page report with TOC on “Submarine Fiber Cable Market Analysis Report by Investment Source (Consortia, Private enterprises, and Governments and development banks), Geography (Europe, APAC, North America, MEA, and South America), and the Segment Forecasts, 2020-2024”.
The market is driven by the developments in telecommunication networks. In addition, dropping installation costs are anticipated to boost the growth of the submarine