The Asia Pacific Submarine Cable System market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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For Asia Pacific Submarine Cable System market, Business Market Insights researchers observed that there has been an increase in the healthcare expenditure in the European countries during the past few years. In this region, Germany has a history of manufacturing high diagnostic imaging technologies, precision medical instruments and others. As per Eurostat in 2016, healthcare expenditure in Germany was EUR 352 billion. Medical technologies are the priority of Healthcare/Life Sciences (HCT) industry. Whereas the healthcare expenditure of France was recorded as the second highest which was around EUR 257 billion, followed by the United Kingdom EUR 234 billion.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for Asia Pacific Submarine Cable System in the market.
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Asia Pacific Submarine Cable System Market – MARKET SEGMENTATION
- Energy & Power
- South Korea
- Hong Kong
- Rest of Asia Pacific
- Huawei Marine Networks Co., Ltd.
- Subcom, LLC
- NEC Corporation
- Fujitsu Limited
- Nokia Corporation
- Hengtong Group Co. Ltd.
- Sumitomo Electric Industries, Ltd.
- Nexans SA
- Prysmian Group
- Mitsubishi Electric Company
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