In the Spring of 2020, life as we knew it changed abruptly. Everyday tasks became activities we accomplished through an internet connection. People earned a living and education online instead of face to face.
As lockdowns increased, even recreational activities and communication with friends and family needed to be done through an internet-connected device. People scrambled to buy more smart devices and laptops to work from home or take virtual classes.
But it wasn’t just individuals who relied on digital services to communicate. Telecommunication has become increasingly important to a wide range of organizations in recent years, including:
- Government agencies
- Healthcare providers
A chain reaction occurred; the rising demand for internet services spurred a need for more high-speed internet, which in turn required higher bandwidth. The submarine fiber optic cable market boomed as necessity was born from this need.
Submarine Cables and Fiber Optic Technology
Subsea or submarine cables have been around since 1850. The first of its kind was laid out between England and France by the English Channel Submarine Telegraph Company. They were used to send short messages back and forth across long distances within minutes between kings and presidents.
By utilizing fiber optic technology, the information sent through has been multiplied up to hundreds of terabits per second, offering a massive capacity to the submarine cables. Now, instead of being used for country-to-country communication, submarine cables deliver reliable internet networks at top speeds.
Submarine Cable Market Trends
Subsea fiber optic cables have a significant advantage over their competition in regard to voice and data traffic, and the global market is predicted to grow at a CAGR of 14.3 percent over a 6-year period from 2020 to 2026. It is estimated that the market for such submarine cables will increase to $30.8 billion worldwide by 2026.
UFINET Fiber Optic Ethernet and IP Global Capacity
UFINET is an experienced submarine telecommunications operator and connectivity service provider serving the USA, Mexico, Honduras, the Cayman Islands, Costa Rica, Panama, and Colombia with capacity on the Maya Submarine Cable Consortium aka MAYA-1 Submarine Cable System.
If you are interested in fiber optic ethernet and IP global capacity, we invite you to read more about what we offer and how we can help you connect.