Global Enterprise VSAT Market was valued US$ XX Bn. in 2019 and is expected to reach US$ 9.20 Bn. by 2027, at a CAGR of 8.50 % during a forecast period.
Global Enterprise VSAT Market
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Enterprise VSAT is a cost-effective solutions for individual end-users, who require a self-regulating communications network. The VSAT network delivers satellite-based, value-added services such as voice/fax communication, LAN services, data transmission, and internet access along with public and private network communications. The adoption of the VSAT service is one of the key revenue drivers in the satellite industry.
Governments across the globe are empowering mobile network operators to incorporate the universal service obligation that will facilitate customers to make use of the cost-effective VSAT services. An increase in the penetration of the Internet and voice-based services are expected to boost the growth in the global enterprise VSAT market. Many government organizations have started adopting VSAT services and are also implementing e-governance projects like enabling internet access to educational institutions in rural areas with the usage of the VSAT technology.
Satellites are generating huge volumes of information, which is expected to require data analytics for large volumes of unstructured data. The big data platforms are expected to enable end-users like oil and gas, construction, and agriculture industries to collect and aggregate sensor data and make informed decisions. An introduction of initiatives from the governments of various countries to deliver effective communication service is expected to propel the growth in the global enterprise VSAT market. On the other hand, high cost of installation and maintenance are limiting the global enterprise VSAT market growth.
The dedicated bandwidth VSAT systems segment is expected to contribute XX% share in the global enterprise VSAT market. The growth in the market is attributed to the presence of the Ku-Band and C-Band VSAT services. Currently, VSAT platform with c-band, ku-band, and ka-band are used in the commercial sector. The Ku-band is used for the majority of the enterprises across the globe.
BFSI sector is expected to grow at a XX% rate of CAGR during the forecast period. The adoption of VSAT networking systems in the BFSI sector is contributing US$ XX Mn share in the market. Banking and finance industries are a isolated region, which require a secure communication infrastructure that offers better productivity, with lower operating costs. Some of the several transactions are taking place across multiple branches, which is expected to need for a secure communication platform to carry sensitive information. The requirement for a flexible communication platform to adapt innovative technology solution, capability of VSAT systems to adjust to the data volumes and need for a secure connection in remote ATMs and branches are expected to increase the demand for the VSAT services.
Region-wise, the Asia Pacific enterprise VSAT market is firmly in its growth stage and expected to represent the new battleground for global VSAT key players who are faced with declining growth in other regional markets. VSAT services have greater acceptance among the SME because of the continuous expansion of corporate VSAT networks that are also beckoning the next stage of growth for satellite services. An increase in deployments of rural telecommunications, telemedicine and distance education programs is expected to propel the regional growth. Most governments in the region have universal access programs, which are expected to set aside funds and subsidies to tackle lack of the modern telecommunication access issue. The developmental subsidies are assisting to offset the initial capital expenditure, which is required to deploy wireless and satellite infrastructures.
The VSAT handles video, voice and data signals and offer benefits the companies to have a complete control on the communication system. The speed with which the data is transferred in VSAT is greater over the regular telephonic communications. Enterprises like healthcare, telecom, education and retail which have significant usage of VSAT. Some of the prominent key players operating in the market are focusing on new service development, mergers and acquisitions, strategic partnerships, and business expansions to form robust footprint across the globe. For instance, in 2019, Hughes Communications India Ltd formed a joint venture with Bharti Airtel Limited (Airtel), which is expected to enable both the companies to expand their VSAT operations in India.
The objective of the report is to present a comprehensive analysis of the Global Enterprise VSAT Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Enterprise VSAT Market dynamics, structure by analyzing the market segments and projects the Global Enterprise VSAT Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Enterprise VSAT Market make the report investor’s guide.
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Global Enterprise VSAT Market, By Component
Global Enterprise VSAT Market, By Type
• Dedicated Bandwidth VSAT Systems
• Shared Bandwidth VSAT Systems
Global Enterprise VSAT Market, By Enterprise Size
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Global Enterprise VSAT Market, By Industry Vertical
• Entertainment & Media
Global Enterprise VSAT Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Enterprise VSAT Market
• Bharti Airtel
• Cambium Networks
• Comtech Telecommunications
• Emerging Markets Communications (EMC)
• Gilat Satellite Networks
• Hughes Network Systems
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