Submarine Cables and Operational Technologies Markets to Double by 2032
New York, Saturday, 22 November 2025.
By 2032, the submarine cables market is expected to grow to $14 billion, while operational technologies may reach $292.7 billion, driven by global demand for connectivity and automation.
Rising Demand for Submarine Cables
The submarine cables market, which was valued at $7.4 billion in 2022, is projected to grow to $14 billion by 2032, representing a compound annual growth rate (CAGR) of 6.6% [1]. This growth is primarily driven by the increasing global demand for enhanced connectivity and the expansion of offshore energy projects. Governments worldwide are investing heavily in digital infrastructure, recognizing the critical role that submarine cables play in global telecommunications [1].
Technological Advancements in Operational Technologies
The operational technologies market is expected to expand significantly, from $146 billion in 2022 to $292.7 billion by 2032, at a CAGR of 7.6% [2]. This growth is fueled by heightened demand from various industries seeking to integrate automation and digital solutions into their operations. The push for improved human-machine interfaces, augmented reality, and edge computing is transforming how industries operate, driving innovation and efficiency [2].
Economic Implications and Government Initiatives
The expansion of these markets signals significant economic implications. Governments are actively supporting these industries through funding and regulatory initiatives aimed at boosting IT innovation and digital transformation. This support is crucial as countries strive to enhance their competitive edge in the global market by fostering technological advancements and infrastructure improvements [2][3].
Future Outlook and Strategic Investments
Looking ahead, the submarine cables and operational technologies markets are poised for continued growth and innovation. Key players in these industries are investing in new technologies and forming strategic partnerships to expand their market share. As the world becomes increasingly interconnected, the demand for reliable and efficient communication and operational technologies will only intensify, driving further investments and advancements in these sectors [1][2].