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Submarine Cable Systems Market Share ($30.4 Billion) to Reach 9.2% of CAGR, Globally, by 2027 – Comprehensive Study by The Insight Partners

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New York, Jan. 19, 2023 (GLOBE NEWSWIRE) — According to The Insight Partners “Submarine Cable Systems Market Share, Size, Growth, Trends and Global Forecasts to 2027 – Global Analysis and Forecasts by Service (Installation Services and Maintenance & Upgrade Services) and Application (Communication and Energy & Power)”; The global submarine cable systems market size is expected to grow at a CAGR of 9.2% during (2019 – 2027), it is estimated to grow from USD 13.4 Bn in 2018 to account USD 30.4 Bn by 2027.

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Global Submarine Cable Systems Market – Report Scope:

Market Size Value in USD 13.4 Billion in 2018
Market Size Value by USD 30.4 Billion by 2027
Growth rate CAGR of 9.2% from 2019-2027
Forecast Period 2019-2027
Base Year 2019
No. of Pages 165
No. of Tables 56
No. of Charts & Figures 62
Historical data available Yes
Segments covered Service and Application
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Global Submarine Cable Systems Market: Competitive Landscape and Key Developments

Huawei Marine Networks Co.; SubCom; NEC Corporation; Fujitsu; Nokia Corporation; Hawaiki Cable Limited; Sumitomo Electric Industries, Ltd.; Nexans SA; Prysmian Group; and Mitsubishi Electric Corporation are among the leading players profiled in the submarine cable systems market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their growth. A few developments under submarine cable systems market are mentioned below:

  • In 2018, Nexans Delivered North America’s Longest Submarine Cable to Provide Cleaner Energy to Eastern Canada. Nexans manufactured and installed a newer submarine cable connection composed of two 200 kV mass impregnated (MI) HVDC cables, each of which is 170-km long.
  • In 2018, NEC Corporation announced that it has signed an agreement with the Southeast Asia–Japan 2 consortium (SJC2 consortium) to build a high performance submarine cable connecting Singapore, Thailand, Cambodia, Vietnam, Hong Kong, Taiwan, mainland China, Korea and Japan.

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Large Number of Ongoing Projects for Submarine Cables and Growing Need for HVDC Underwater Power Cables to Provide Lucrative Opportunities for Global Submarine Cable Systems Market Growth During (2019-2027).

Submarine cable systems are vital in establishing global connectivity and forming the comprehensive internet infrastructure. In the last decade which witnessed rapid advancements in the Asia Pacific region, and flourishing of the Asian economies, the submarine cable systems have played an extremely crucial role in providing the required connectivity through the fiber optic cables. These undersea cables contribute significantly to the broadband connectivity which is required in all the industry sectors for various operations. The globalized economy today desires a highly secure and reliable internet infrastructure to support the high bandwidth applications effectively and trends of the modern world namely the cloud data centers and Software Defined Networking (SDN). Further, the exponential rise in the Datacenter Interconnect (DCI), cloud computing, artificial intelligence, Big Data, and IoT also boost the demand for robust intercontinental cable infrastructure.

The submarine cable systems market by application is segmented into communication and energy & power. The communication application holds a major share in the market and is expected to continue its dominance in the forecast period as well. Increasing international bandwidth requirement and growing internet penetration is prominently driving the communication market for submarine cable systems. Further, the increasing demand for internet capacity is widely driving the submarine cable system market for communication. The rapid growth in the user base of internet and high bandwidth applications in the recent years has boosted the bandwidth demand. In addition, increasing investments by content providers is proliferating the growth of the market globally.

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Submarine Cable Systems Market: Industry Overview

The submarine cable systems market has been segmented on the basis of service, application, and geography. Based on service, the submarine cable systems market is bifurcated into installation and maintenance & upgrade. In terms of application, the submarine cable systems market is divided into communication and energy & power. Based on geography, the submarine cable systems market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

Asia Pacific region comprises of majority of developing economies and also a huge underserved population for internet services. This presents fortunate opportunities for leading social media players and internet based service providers to reap benefits of the untapped market. With proliferation of cheap smart phone and tablets and increasing penetration of computing devices in business and households, the region presents highest growing user base seeking internet based services. Thus, strong growth of internet connected users coupled with good economic growth in the region are the factors luring the enterprise and cloud service providers to establish servers in proximity to the users enabling them to access data with reduced latency and reaction time. This directly translates to the growth in the submarine cable systems market in the region that bring about the connection between the terrestrial fiber cables with the international broadband networks.

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North America is one of the pioneers in the submarine cable systems market, for the use of subsea cable for communications was being experimented in various parts of Europe and North America since the nineteenth century itself. The telecommunication industry is one of the largest users of subsea cable and currently witnessing an aggressive growth in the North American region. In the coming year, successful business models will need to adapt to the growth in global submarine cable networks to ensure that increased connectivity is being used to its full potential. Two prevalent trends in the current market are an immense growth in consumer content, primarily enabled by mobile viewing and the rapid rise of cloud computing in the enterprise. Technologies such as, 5G, VR/AR and IoT become more prominent and as video quality continuously improves, the demand for data, supported by submarine cables will continue on its upwards trajectory.

Browse other research published by The Insight Partners:

Submarine Power Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Multicore and Single Core), Conductor Material (Copper and Aluminum), Voltage (High Voltage and Medium Voltage), and Application (Offshore Oil and Gas, Offshore Wind Power, and Inter-Country & Island Connection)

Submarine Periscopes Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Navigation or Observation Periscope, Targeting or Commander’s Periscope); Application (Observation, Measure Distance) and Geography

Submarine Telecom Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Single Armor Layer, Double Armor Layer); Application (Oil and Gas, Others) and Geography

Submarine AIP System Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product (Closed Cycle Steam Turbine, Stirling Cycle Engine, Fuel Cell); Fit Type (Line, Retro) and Geography

Submarine Sensor Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Type (Sonar, Acoustic, Fiber Optic, Electromagnetic); Submarine Type (Nuclear-Powered Attack submarine (SSN), Ballistic Missile Submarines (SSBN), Diesel Electric Submarine (SSK)); Application (Marine Environmental Monitoring, Underwater species protection, Oil Resources Detection, Underwater Communication, Others)

Low Voltage Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Installation (Overhead, Underground); Overhead Product (Conductors, Fitting and Fixtures, Spacers, Insulators, Connectors, Guy wires, Overhead ground wire, Others); Underground Product (Product consist of XLPE cables, PVC cables, Cable joints, Cable Terminations, Cable Fixings, EPR cables and many others); End user (Renewables (includes Wind and Solar), Infrastructure (includes Commercial and Residential and Transportation and Others), Industrial (includes Utilities, Mining, Oil and gas, Chemicals and petrochemicals and others)) and Geography

High Speed Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Direct Attach Copper (DAC) Cable, PCIe Cable, SAS Cable, Active Electrical Cable (AEC), Active Copper Cable (ACC), and Active Optical Cable (AOC)) and Application (Switch to Switch, Switch to Server, and Server to Storage)

Wire and Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Cable, Wire, and Push-Pull Controls) and End Use Industry (Aircraft, Transportation, Medical, Marine, and Construction)

Insulated Wire and Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Installation (Overhead, Underground, Submarine); Material (Optical Fiber, Plastic, Metal); Volatge (High Voltage, Medium Voltage, Low Voltage); End-User (Electronics, Telecommunications, Automotive, Energy and Power, Others) and Geography

Wire and Cable Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Wiring Duct, Conduits and Trunking, Cable Tray and Ladders, Cable Raceway, Boxes and Covers, Glands and Connectors, Others); Cable Type (Communication Wire and Cable, Power Cable); Material (Metallic, Non-Metallic); End User (Residential, Commercial, Industrial) and Geography

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/submarine-cable-system-market

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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