Submarine Optical Fiber Cable Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)

Submarine Optical Fiber Cable Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)

Key Highlights

• Growing investment in high-speed internet infrastructure is driving the growth of the submarine optical fiber cable market.
• Submarine cable systems carry over 99% of intercontinental communication traffic, making them the invisible enabler of global connectivity.
• The rapid increase in mobile broadband penetration significantly contributes to the market’s growth.
• The outbreak of COVID-19 increased data usage, significantly driving the demand for submarine optic fiber cable networks.

Submarine Optical Fiber Cable Market Trends

• Growing Smartphone Penetration and Increasing Demand for Internet Bandwidth Drive the Market
• Trans-Pacific Region is Expected to Lead the Market

Submarine Optical Fiber Cable Industry Overview

The submarine optical fiber cable market is highly fragmented, with the presence of major players like Google LLC (Alphabet Inc.), NEC Corporation, Nexans SA, Fujitsu Ltd, and NTT Communications and Corporation. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

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SDGs, Targets, and Indicators Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 9: Industry, Innovation, and Infrastructure
• SDG 11: Sustainable Cities and Communities
• SDG 17: Partnerships for the Goals

The article discusses the growth of the submarine optical fiber cable market, which is directly related to the development of industry, innovation, and infrastructure (SDG 9). It also mentions the importance of internet connectivity and infrastructure in improving global connectivity and addressing the digital divide, which aligns with the goal of sustainable cities and communities (SDG 11). Additionally, the involvement of various companies, government agencies, and international organizations in funding and supporting the development of submarine cable systems reflects the importance of partnerships for achieving these goals (SDG 17).

2. What specific targets under those SDGs can be identified based on the article’s content?

• Target 9.C: Significantly increase access to information and communications technology and strive to provide universal and affordable access to the internet in least developed countries by 2020.
• Target 11.A: Support positive economic, social, and environmental links between urban, peri-urban, and rural areas by strengthening national and regional development planning.
• Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources.

The article highlights the need for increasing investment in high-speed internet infrastructure to improve global connectivity and access to information and communications technology (ICT). This aligns with Target 9.C of SDG 9. It also emphasizes the importance of strengthening internet infrastructure in both developed and developing regions, promoting economic and social development, and bridging the digital divide, which relates to Target 11.A of SDG 11. Furthermore, the involvement of various stakeholders, including companies, government agencies, and international organizations, in funding and supporting the development of submarine cable systems reflects the importance of multi-stakeholder partnerships, as stated in Target 17.16 of SDG 17.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

• Indicator 9.C.1: Proportion of the population covered by a mobile network, by technology.
• Indicator 11.A.1: Proportion of the population living in cities that have adopted and implemented integrated policies and plans towards inclusion, resource efficiency, mitigation and adaptation to climate change, resilience to disasters, and develop and implement, in line with the Sendai Framework for Disaster Risk Reduction 2015-2030, holistic disaster risk management at all levels.
• Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the sustainable development goals.

The article does not explicitly mention specific indicators related to the identified targets. However, based on the content, indicators such as the proportion of the population covered by mobile networks (Indicator 9.C.1), the proportion of the population living in cities with integrated policies and plans for sustainable development (Indicator 11.A.1), and the number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks (Indicator 17.16.1) can be used to measure progress towards the identified targets.

SDGs, Targets, and Indicators Table

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: finance.yahoo.com

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