Submarine optical fiber cables market to exceed $67 billion by 2033
The revenue of the global submarine optical fiber cables market is projected to witness a substantial increase from its current value of $20.6 billion in 2023. Future Market Insights forecasts a compound CAGR of 12.6% for the market during the period.
The demand for undersea optical fiber cables continues to grow with the expanding use of cloud services and the growth of data centers. Between data centers spread across several areas, these cables facilitate effective data transport and connection.