Google Boosts Submarine Cable Efforts: How are Others Placed?
Zacks Investment Research | Jun 10, 2021 08:39AM ET
The data-driven world has created a niche for submarine cables, owing to the strengthening demand for ultrafast communications and power transmissions. Moreover, a steep rise in the global bandwidth demand is driving growth in the deployment rate of the subsea cables significantly.
Notably, Alphabet (NASDAQ:GOOGL)’s MSFT , which are making every effort to strengthen their submarine cable networks.
Year-to-Date Price Performance/h3
/h3 Promising Submarine Cable Market/h3
The global submarine cable system market has been constantly gaining steam on the back of the rising demand for strong network capabilities in order to handlethe growing number of telecom subscriptions and increasing Internet as well as data traffic.
Further, growing power generation from offshore plants, leveraging renewable energy, and the increasing proliferation of cloud-computing services and connected devices, generating enormous data, have bolstered the demand for the cables.
Per a MarketsandMarkets Zacks Investment Research
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