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Submarine cables have turned out to be an essential factor of the digital infrastructure and play a dynamic role in meeting the insatiable demands for data. Growth in infrastructure developments and technological changes at a progressive rate in the developing economies, raised installation process of various offshore projects. Further, the majority of industry verticals are progressing towards digitalization and automation, as a result, the demand for better and fast internet connection is augmenting progressively, and hence driving the need for dense cables network, improved networking & network services.
The European submarine cable market has increased at a steady pace over the years and the market is further expected to grow progressively during the forecasted years 2020 to 2024. Growth drivers include a surging urban population, escalating economic growth, rising smartphone penetration, growing dema