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North America Submarine Cable System Markets, 2018 & 2019-2027 - Market is Expected to be Governed by Content and Cloud Service ProvidersDUBLIN, Oct. 16, 2019 /PRNewswire/ -- The "North America Submarine Cable System Market to 2027 - Regional Analysis and Forecasts By Service and Application" report has been added to ResearchAndMarkets.com's offering. The North America submarine cable system market accounted for US$ 2.63 Bn in 2018 and is expected to grow at a CAGR of 6.6% over the forecast period 2019-2027, to account for US$ 4.78 Bn in 2027. The submarine cable system market is dominated by the installation services segment in the year 2018 and is anticipated to dominate the market during the forecast period. Moreover, maintenance & upgrade services are anticipated to witness the highest growth rate. The maintenance & upgrade services are provided through private agreements or consortiums and are tailored in order to exact the specific requirements. For instance, the Pacific & Indian Ocean cable mutual agreement (PIOCMA) consists of Yokohama Zone, NZ, and SEAIOCMA agreements. It offers mutual support in case of a disaster and provides solutions for risk management for the consortium members. Undersea cable faults may be caused by adverse conditions including rock slides, earthquakes, anchors, or other such causes. Thus, the concerns for faulty lines and natural disasters are widely steering the need for submarine cable system maintenance & upgrade services. Key Topics Covered: 1. Introduction 2. Key Takeaways 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. Submarine Cable Systems Market Landscape 4.1 Market Overview 4.2 Ecosystem Analysis 4.3 PEST Analysis - North America 4.4 Expert Opinions 5. North America Submarine Cable System Market - Key Industry Dynamics 5.1 Key Market Drivers 5.1.1 Rising bandwidth demands from the content and cloud service providers 5.2 Key Market Restraints 5.2.1 Vulnerable to climatic conditions and high installation cost 5.3 Key Market Opportunities 5.3.1 Significant number of ongoing projects for submarine cables 5.4 Future Trends 5.4.1 The market is expected to be governed by content and cloud service providers 5.5 Impact Analysis of Drivers and Restraints 6. Submarine Cable System Market - North America Analysis 6.1 North America Submarine Cable Systems Market Overview 6.2 North America Submarine Cable System Market Revenue and Forecasts to 2027 (US$ Mn) 7. North America Submarine Cable Systems Market Revenue and Forecasts to 2027- Service 7.1 Overview 7.2 North America Submarine Cable Systems Market Breakdown, By Service, 2018 & 2027 7.3 Installation Services Market 7.4 Maintenance & Upgrade Services Market 8. North America Submarine Cable Systems Market Revenue and Forecasts to 2027 - Application 8.1 Overview 8.2 North America Submarine Cable Systems Market Breakdown, By Application, 2018 & 2027 8.3 Communication Market 8.3.1 Overview 8.3.2 Communication Market Forecasts and Analysis 8.4 Energy & Power Market 8.4.1 Overview 8.4.2 Energy & Power Market Forecasts and Analysis 9. North America Submarine Cable Systems Market Revenue and Forecasts to 2027 - Country 10. Industry Landscape 10.1 Market Initiative 10.2 New Development 11. Submarine Cable Systems Market - Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ymk3ac Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/north-america-submarine-cable-system-markets-2018--2019-2027---market-is-expected-to-be-governed-by-content-and-cloud-service-providers-300939743.html SOURCE Research and Markets |