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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” 
100 – Tables
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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.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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SpaceX perpetual futures become Binance’s No. 2 traded product; Binance captures over 60% market share across CEX and DEX venues

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Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

ABU DHABI, UAE, June 13, 2026 /PRNewswire/ — Binance has captured over 60% market share for SpaceX derivatives trading across centralized and decentralized exchanges, establishing itself as the leading liquidity venue for the product.

SpaceX perpetual futures (SPCXUSDT) are now Binance’s second–largest traded product, after Bitcoin perpetuals, reflecting strong global demand for exposure to major public–market events.

Binance also offers SpaceX stock and bStock tokenized securities, giving users greater portfolio diversification and hedging opportunities.

Key highlights

SpaceX perpetual futures became Binance’s No. 2 traded product, reflecting significant global demand for exposure to SpaceX’s public market debut.Binance captured >60% market share across CEX and DEX venues for SpaceX derivatives trading.Binance recorded over $5.6 billion in SPCXUSDT trading volume over the last 24 hours, as of June 13, 9:00 AM UTC (Coinglass, CoinMarketCap).Binance leads all CEX and DEX venues in SPCXUSDT Open Interest at $167.22 million (one-sided count).Binance recorded over $9 billion in accumulated SPCXUSDT trading volume across SpaceX’s Pre-IPO and post-public listing on Nasdaq.Binance successfully transitioned the Pre–IPO Perpetual into a standard TradFi Perpetual following SpaceX’s Nasdaq listing, with orderly price discovery anchored to publicly available valuation signals, share-count data, and market expectations.After SpaceX disclosed a higher share count in its S-1/A filing, Binance was the only exchange to successfully rebase its SpaceX Pre-IPO Perpetual contract to ensure users were not negatively impacted by dilution.

“SpaceX’s public listing was one of the most closely watched market events globally. SpaceX derivatives have become Binance’s second–largest traded product, capturing more than 60% market share across CEX and DEX venues, and demonstrating the appeal of our liquidity and product design,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

“Our range of products — Pre–IPO futures, standard TradFi futures, stock trading, and tokenized securities — lets users access opportunities across different market lifecycles. This performance underlines our belief that better accessibility unlocks latent demand.”

Binance now offers over 7,000 stocks and ETFs for trading, alongside a broad range of digital assets, moving closer to its vision for a multi-asset financial super app that connects users to global market opportunities.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). In respect of Pre-IPO Perps which are subject to transition to TradFi Perp, there may be particular price volatility following official listing of the Underlying Asset and the share price may not ever reach the Final IPO Price. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications  and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

SOURCE Binance

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LaVivid Hair Introduces Sports Hair Systems Collection for Men with Active Lifestyles

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LaVivid Hair launches a sports-focused hair systems collection designed for men who want breathable comfort, secure attachment, and natural-looking confidence during workouts, football season, summer activities, and everyday movement.

IRVINE, Calif., June 13, 2026 /PRNewswire-PRWeb/ — As global football excitement builds and more men return to sports, workouts, travel, and outdoor activities, LaVivid Hair has introduced its Sports Hair Systems Collection, a curated lineup of breathable, secure, and natural-looking hair systems designed for men with active lifestyles.

Men should not have to choose between looking natural and living actively. This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.

For many men experiencing hair loss, staying active can bring concerns that go beyond performance. They may wonder whether a hair system will stay secure during sweat, whether the hairline will remain natural during movement, or whether they can focus on a game, workout, or summer activity without checking their hair.

LaVivid Hair created the Sports Hair Systems Collection to help answer those concerns with practical product choices built around comfort, hold, realism, and easier maintenance.

The collection focuses on four active-wear priorities:

Breathable comfort: Lace and lace-center constructions help improve airflow during warm weather, workouts, and active days.

Secure attachment: Hybrid bases with skin or poly perimeters provide a stable bonding area for tape or glue, helping wearers feel more confident during movement.

Natural appearance: Lace fronts, graduated hairlines, and realistic density options help maintain a natural look from different angles.

Easy maintenance: Active lifestyles require simple bonding, cleaning, and regular upkeep, especially after sweat, heat, or long wear.

“Men should not have to choose between looking natural and living actively,” said a LaVivid Hair spokesperson. “This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.”

Top recommendations from the Sports Hair Systems Collection include Simois, Light Crius, Upgrade Ares, and Mars. Each system serves a different active-wear need, from breathable full lace comfort to hybrid lace-and-skin constructions that balance airflow with secure bonding.

Simois is designed for wearers who want a breathable lace center, a natural lace front hairline, and a skin perimeter for reliable attachment. Light Crius offers a lower-density look with French lace comfort and easy bonding, making it suitable for warm-weather wear and lighter active routines. Upgrade Ares combines a lace center with an ultra-thin skin front for wearers who want a natural front appearance with practical maintenance. Mars, a full lace option, is ideal for men who prioritize maximum breathability and lightweight comfort for light sports and summer activity.

For sports and active lifestyles, LaVivid Hair also recommends pairing the right base with dependable attachment products such as Ultra Hold Tape and Ultra Hold Glue. The right adhesive routine can help improve confidence during workouts, football matches, and daily movement.

The Sports Hair Systems Collection is now available at LaVivid Hair. Customers can explore the collection here:

https://www.lavividhair.com/collections/workout?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318&utm_content=sports_hair_systems_collection

To learn more about LaVivid men’s hair systems, visit:

https://www.lavividhair.com/?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318

About LaVivid Hair

LaVivid Hair provides hair replacement solutions for men around the world, offering natural-looking men’s hair systems designed for different lifestyles, preferences, and everyday needs. Through continuous product development and customer-focused innovation, LaVivid Hair helps wearers regain confidence with comfortable, realistic, and reliable hair systems.

Media Contact

Charlie Sue, LaVivid Hair, 1 833-879-0279, service@lavividhair.com, LaVivid Hair

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Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

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MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

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