Global Cable Investments To Reach US$8 Billion By 2024; Intra-Asian Route To Receive Most Investment: TeleGeography
Global cable investments are expected to reach more than US$8 billion in value over the next three years, as per a submarine cable map launched by market research firm TeleGeography in collaboration with Telecom Egypt.
The Intra-Asian route is expected to receive the most investment, with a projected US$1.6 billion in new cables to be launched.
Content providers’ share of total capacity surged to 66 per cent in 2020, from less than 10 per cent share prior to 2012.
Unlike previous cable construction booms, content providers like Amazon, Google, Facebook, and Microsoft are playing an active role in the submarine cable market.
“These companies alone have such incredible demand for data center traffic that they’re driving projects and route prioritization for submarine cable systems. Google alone has more than 15 subsea cable investments globally,” an official statement said.
Talking about the map, it visualizes 464 global cables and 1,245 landing stations, as well as major future deployments.
“The 2021 map illustrates a market that’s experiencing more deployments, with new and diverse players. Over the last decade, we’ve seen content providers emerge as disruptors, ramping up investments to meet global demand for their services,” said TeleGeography Research Director Alan Mauldin.
