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Submarine Cable Systems Market worth $29.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 31, 2024 /PRNewswire/ — The submarine cable system market to grow from USD 18.2 billion in 2024 and is expected to reach USD 29.7 billion by 2029, growing at a CAGR of 10.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The key factors contributing to the growth of the submarine cable system market include the growing demand for bandwidth due to emergence of 5G, and increasing network of submarine power cable systems. The growing demand for data-fueled by bandwidth intensive applications – there is an ever-increasing need for fiber optic interconnectivity. To fulfil this demand, suppliers are investing in technologies.

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Browse in-depth TOC on “Submarine Cable Systems Market” 
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Submarine Cable Systems Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 18.2 billion

Estimated Value by 2029

$ 29.7 billion

Growth Rate

Poised to grow at a CAGR of 10.3%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Application, Component, Offering, Voltage, Type, Insulation, End User and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Emergence of alternative modes of internet service provisioning

Key Market Opportunities

Increasing investments by content delivery and streaming partners to create opportunities

Key Market Drivers

Expanding Offshore Wind Power Capacity

Installation & commissioning segment to hold largest share of submarine cable system market from 2024 to 2029.

The growing use of the Internet is driving increased internet traffic in the Asia Pacific region, leading to a higher demand for bandwidth. Consequently, this region is expected to see a rise in the installation and commissioning of new submarine communication systems during the forecast period. Additionally, the increasing Internet penetration in the Middle East and Africa is anticipated to further boost the installation and commissioning of submarine communication cables in the coming years.

Offshore wind power generation segment to grow at highest CAGR from 2024 to 2029.

The offshore wind power generation segment of the submarine power cable market is expected to experience the highest CAGR from 2024 to 2029. This growth is driven by the increasing deployment of offshore wind farms, fueled by advancements in offshore wind power technologies and decreasing costs of offshore wind power generation.

High voltage segment to grow at highest CAGR from 2024 to 2029.

The high voltage segment of the submarine power cable market is expected to grow at a higher CAGR than the medium voltage segment from 2024 to 2029. These cables enable efficient power transmission owing to their low transmission losses.  The increasing requirement of interconnecting lands and the growing demand for power generation from offshore plants using renewable sources have led to the growth of the high-voltage submarine power cable market globally.

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Europe held the largest share of the submarine cable system market in 2023.

Europe is anticipated to dominate a significant portion of the submarine cables system industry throughout the forecast period. As per the Global Wind Energy Council, the region accounted for over 45% of the global installed offshore wind capacity in FY2023, reaching a total of 34,032 MW. With the European Union (EU) targeting a minimum of 40% renewable energy in the overall energy mix by 2030, the region is transitioning from fossil fuels to renewable sources like hydropower, solar energy, wind power, and biofuels, thereby driving substantial demand for submarine cable systems.

Key  Players

Alcatel Submarine Networks (France), SubCom, LLC (US), NEC Corporation (Japan), NEXANS (France), Prysmian Group (Italy), HENGTONG GROUP CO.,LTD. (China), ZTT (China), NKT A/S (Denmark), Corning Incorporated (US), Hellenic Cables (Greece), Sumitomo Electric Industries, Ltd. (Japan), Apar Industries (India). AFL (US), TFKable (Poland), Hexatronic Group (Sweden), SSGCABLE (China), OCC Corporation (Japan), 1X Technologies LLC (US), Tratos (UK), Taihan Cable & Solution Co., Ltd. (South Korea), FURUKAWA ELECTRIC CO., LTD. (Japan), Ningbo Orient Wires &Cables Co.,Ltd. (China), Qingdao Han Cable Co., Ltd. (China), LS Cable & System Ltd (South Korea), and Ocean Specialists, Inc. (US).  are the major players in submarine cable system companies. These players have implemented various strategies to extend their global reach and enhance their market share.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Onward Accessibility’s Catherine Sherry Named in SIA’s 2026 40 Under 40

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Annual SIA list recognizes emerging leaders and innovators shaping the future of the staffing industry

FAIRFIELD, Conn., June 9, 2026 /PRNewswire-PRWeb/ — Onward Accessibility is proud to announce that Catherine Sherry, Director of Growth and Advocacy, has been recognized on Staffing Industry Analysts’ (SIA) 2026 40 Under 40 list. In its tenth year, SIA’s prestigious annual recognition honors emerging leaders under the age of 40 making significant contributions in the staffing and workforce solutions industry. Honorees are selected for their proven track records of navigating technology-driven change, expanding enterprise relationships, and leading their organizations into new sectors.

“Cathi has played a tremendous role in helping build Onward Accessibility and continues to grow our footprint as a leader in the industry.” – Ken Clark, CEO, Onward Group Holdings

After joining Onward Search as a Senior Technology Recruiter, Sherry helped launch the organization’s digital accessibility practice and grow it into Onward Accessibility, a dedicated brand that combines accessibility services with staffing support. She has since risen through the ranks and was recently named Director of Growth and Advocacy. Sherry is also CPACC-certified, a long-time IAAP member, and a passionate advocate for digital inclusion and inclusive hiring.

“We are all so proud of Cathi for this amazing achievement,” said Ken Clark, CEO of Onward Group Holdings, a platform of specialized talent brands that includes Onward Accessibility. “This is such a well-deserved honor and a great reflection of Cathi’s hard work, passion and commitment to the digital accessibility community. Cathi has played a tremendous role in helping build Onward Accessibility and continues to grow our footprint as a leader in the industry.”

“This year’s 40 Under 40 honorees are helping reshape the staffing industry,” said Ursula Williams, President of SIA. “They’re embracing AI and innovation to solve workforce challenges and strengthen client relationships while continuing to lead with the trust, responsiveness and, most importantly, human connection that remains central to their business.”

Sherry’s recognition underscores both her personal dedication to advancing digital accessibility and Onward Accessibility’s growing leadership in the industry. In recent months, the organization has released several free resources, including its 2026 Digital Accessibility Salary Guide, Digital Accessibility RACI Matrix, and Leveraging AI for Digital Accessibility webinar, to help professionals and teams embrace digital inclusion.

SIA’s 2026 40 Under 40 list is now available online and will be featured in the July/August issue of Staffing Industry Review magazine.

About Onward Accessibility:

Onward Accessibility provides flexible services and expert talent to help leading companies achieve their digital accessibility goals.

From executing strategic initiatives to hiring skilled professionals, the organization supports its clients at every stage of the accessibility journey. Beyond staffing, its comprehensive suite of offerings includes strategy, audits, remediation, and more.

Born from Onward Search, Onward Accessibility is now part of Onward Group Holdings, an award-winning family of specialized talent and workforce solutions companies. To learn more about Onward Accessibility, visit onwardaccessibility.com.

Media Contact

Steven Dobrowski, Onward Accessibility, 1 2032101447, sdobrowski@onwardsearch.com, https://onwardaccessibility.com/

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SOURCE Onward Accessibility

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Dye & Durham Announces Voting Results from Special Meeting of Shareholders

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TORONTO, June 9, 2026 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND), a leading provider of cloud-based legal practice management software, today announced the results of voting at its special meeting of shareholders held on June 9, 2026 (the “Meeting”) that sought shareholder ratification, confirmation and approval of the Company’s shareholder rights plan (the “SRP”), which took effect at 5:00 pm (Toronto Time) on April 8, 2026.

At the Meeting, shareholders ratified, confirmed and approved the SRP, with approximately 99.5% of shares represented at the Meeting voting in favour. Details of the voting results are available in the Company’s report of voting results, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

ABOUT DYE & DURHAM

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.

Additional information can be found at www.dyedurham.com.

SOURCE Dye & Durham Limited

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Broadridge Appoints Todd Diganci to its Board of Directors

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NEW YORK, June 9, 2026 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Todd Diganci as a member of its Board of Directors, effective August 1, 2026. Following his appointment, Broadridge’s expanded Board will consist of 10 members, eight of whom are independent. Mr. Diganci will serve on the Audit Committee of the Board.

“I am thrilled to welcome Todd, who is an accomplished financial executive with expertise in the securities industry. As the financial services industry continues to transform, his expertise will help ensure that Broadridge remains at the forefront of innovation as we continue to provide the infrastructure and technologies to support our clients’ growth and ultimately, enable better financial lives,” said Eileen Murray, Chairperson of Broadridge’s Board of Directors.

Mr. Diganci is a financial executive and strategic leader with deep expertise in U.S. securities regulation. From 2017 through June 2026, he served as Executive Vice President, Chief Financial Officer, and Chief Administrative Officer of the Financial Industry Regulatory Authority (FINRA). In this capacity, he provided enterprise-wide financial and administrative stewardship for one of the foundational regulatory institutions anchoring the U.S. securities markets. His role included oversight of FINRA’s finance, human resources, and its credentialing, registration, education and disclosure (CRED) operations.

Prior to 2017, Mr. Diganci held positions of increasing responsibility at FINRA, serving as Corporate Controller then Chief Financial Officer. During a period of significant regulatory and market transformation, he expanded the scope of FINRA’s CFO role to include enterprise risk management and corporate strategic leadership. Committed to financial literacy, he also serves on the Board of Directors of the SIFMA Investor Education Foundation.

“I am privileged to join Broadridge’s Board of Directors and to contribute to a company at the forefront of financial technology and market modernization,” said Mr. Diganci. “Broadridge’s dedication to driving innovation across capital markets and corporate governance is outstanding. I look forward to collaborating with the Board and executive leadership to help guide the company through its next chapter of strategic expansion and long-term value creation.”

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Investors

broadridgeir@broadridge.com 

Media

Gregg.rosenberg@broadridge.com

Related Links

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SOURCE Broadridge Financial Solutions, Inc.

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