According to our latest study on “Subsea Cable Market Forecast to 2027 – COVID-19 Impact and Indonesian Market Analysis and Forecast by Service (Installation Services and Maintenance & Upgrade Services); Application (Communication and Energy & Power),” the market was valued at US$ 81.2 Million in 2019 and is projected to reach US$ 220.5 million by 2027; it is expected to grow at a CAGR of 13.5% from 2020 to 2027.
The subsea cables, especially fiber optic cables, have been playing a vital role in catering to the increasing connectivity demand. These undersea cables significantly contribute to broadband connectivity and serve the bandwidth demand across all the sectors for various operations. Presently, there is massive demand for a highly secure and reliable internet infrastructure to support high-bandwidth applications and trends of the modern world—cloud data centers and software-defined networking (SDN). Moreover, 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.
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As per a survey conducted by the Indonesian Internet Providers Association (APJII), in 2018, merely 64% of the total population of the country, ~270 million, is connected to the internet. Moreover, Indonesia is one of ASEAN countries with the lowest internet penetration, in comparison with Brunei (94%), Singapore (84%), Malaysia (80%), and Vietnam (75%). The country also has internet speed as slow as 200 Mbps, which is faster than Cambodia only. According to Speedtest Global Index by Ookla, as of March 2019, Indonesia stood 118thout of 139 countries for its mobile internet speed of 10.51 Mbps; moreover, it ranked 111th among 178 countries for its fixed broadband speed of 16.65 Mbps. The rising number of internet users is propelling the growth of Indonesia subsea cable market.
PGASCOM; PT Telekomunikasi Indonesia Tbk (Telkom Indonesia);PT XL Axiata Tbk; PT Nap Info Lintas Nusa;PT Mora Telematika Indonesia (Moratelindo); PT Len Telekomunikasi Indonesia;Trident Subsea Cable;PT Indosat Tbk (INDOSAT Ooredoo); PT. Ketrosden Triasmitra;PT. Bina Nusantara Perkasa;Optic Marine Group; PT. Sarana Global Indonesia (SGI); PT. Limin Marine & Offshore;and PT Telkom Infra are among the key players that were profiled during Indonesia subsea cable market study.
Impact of COVID-19 on Indonesia subsea cable market
On 15 March 2020, the Indonesian Government urged people to work from home as well as practice social distancing. Since then, several day-to-day activities from working to schooling have shifted online. This shift has resulted in a surge in digital communications services across the country. The telecom network providers in Indonesia recorded growth in internet traffic, as well as data communication, after the Government’s instruction to stay at home. As per Telkomsel, a wireless network provider in Indonesia, the company recorded a 5% surge in data services post-March 15. Also, from studying several data communication services consumers accessed, the company saw a rapid increase in the demand for e-learning platforms by 236% with a 13% rise in online gaming services. Moreover, the company also recorded a 10.4% surge in traffic for cloud-computing services. Other services, which recorded increased traffic includes digital advertising, streaming services, and browser services. The rising demand for internet is expected to boost the growth of Indonesia subsea cable market.
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The report segments the Indonesia subsea cablemarket as follows:
- Installation Services
- Maintenance & Upgrade Services
- Energy & Power
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