Asia-Pacific submarine cable system market grew at a CAGR of 9.8% in 2018-27

According to the latest research report released by Research and Markets, the Asia-Pacific submarine cable system market will increase from 5,612.
6 million US dollars in 2017 to 14,719.
3 million US dollars by 2027, with a compound annual growth rate of 9.
8%.

The Asia-Pacific region, which is made up of most developing economies, is also home to a large population of Internet services, as well as a region with a high level of underserved populations
.
This presents an opportunity for leading social media and internet-based service providers to benefit
from untapped markets.

With the spread of cheap smartphones and tablets and the popularity of computing devices in businesses and homes, the region is the fastest growing user base
seeking internet services.
Therefore, the strong growth of internet-connected users and the good economic growth in the region are factors that tempt enterprises and cloud service providers to set up servers close to users, allowing them to access data
with reduced wait times and reaction times.
This will directly translate into the growth of the submarine cable system market in the region, stimulating connectivity
between terrestrial fiber optic cables and international broadband networks.

Over the past nearly 20 years, significant progress
has been witnessed in the deployment of submarine cable systems in the Asia-Pacific region.
By 2020, bandwidth demand for the trans-Pacific submarine cable network is expected to grow to seven times the current bandwidth size, attracting significant market investment
.

In addition, prices have fallen
sharply over the past two to three years as demand for increased capacity for submarine cable systems in Asia has increased.
The lower incremental cost of consumables is a major factor
contributing to the decline in the price of submarine cable deployment.

Asia Pacific is considered one of the world's most important communication hubs, so an effective communications cabling infrastructure that facilitates seamless information exchange across data centers will play a vital role
in the transformation of the region.
With the multi-fold increase in trans-Pacific bandwidth demand through 2020, investment in submarine cable systems is expected to reach new heights
in the coming years.

Key players impacting the submarine cable system market in Asia Pacific include Huawei, Subcom, NEC Japan, Fujitsu, Nokia, Hengtong Group, Sumitomo Electric, Nexans, Prysmian, and Mitsubishi Electric
.