Over $ 4 bn growth expected in submarine fiber cable market during 2020-2024

The submarine fiber cable market size is expected to increase by USD 4.34 billion during 2020-2024, registering a CAGR of over 15% during the forecast period.

The report on the submarine fiber cable market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report identifies rising demand for higher bandwidth as one of the major factors driving the growth of the market. The report also provides information on other latest trends and drivers impacting the overall market environment.

Technavio analyzes the market by end-user (consortia, private enterprises, and governments and development banks) and geography (Europe, APAC, North America, MEA, and South America). The dropping installation costs is expected to have a positive impact on the growth of the submarine fiber cable market during the forecast period.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. PR Newswire