Home › News Updates › Nikkei cites MarketsandMarkets in their recent article on Submarine Cable
Nikkei recently cited MarketsandMarkets as a major source of reference for Submarine Cable System market in their article.
The global submarine cable system market is expected to reach a value of USD 22.0 billion by 2025 from USD 13.0 billion in 2020, growing at a CAGR of 11.1%. The surge in global bandwidth demand, increasing internet connection worldwide, rising new offshore wind capacity additions, and growing demand for inter-country & island connections are the major factors driving the growth of this market.
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