Enterprise VSAT Market is anticipated to witness growth in revenue from US$ 4.5 Bn in 2020 to US$ 12.4 Bn by 2031.
As per PMR’s report, the global Enterprise VSAT market generated a market revenue of US$ 4.5 Bn in 2020, and is expected to expand at an impressive CAGR of around 10% during the forecast period (2022-2031).
VSAT (Very Amall Aperture Terminal) is a technology used to manage data while trying high-frequency exchanging operations. Enterprise VSAT delivers unlimited Internet access over satellite connection to any place in the world, for large companies, corporate networks, and small companies alike. Over the decade, demand for both, hardware and services will be high from the telecom and IT sector across regions.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – Gilat Satellite Networks, Viasat, Inc., Comtech Telecommunications Corp., Cambium Networks, Ltd., Bharti Airtel Limited, Hughes Network Systems, LLC, New Japan Radio Co., Ltd. (NJR), Skycasters, BusinessCom Networks Limited, Vizocom, ST Engineering iDirect, Inc., PT Pasifik Satelit Nusantara and more.
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Key Takeaways from Enterprise VSAT Market Study
- South Asia & Pacific is expected to create lucrative growth opportunities for players in the enterprise VSAT market, due to rise in government spending on telecom & IT systems in the region.
- Growing trend of digitalization is boosting adoption of enterprise VSAT, and is creating new growth opportunities for hardware manufacturer and service providers.
- Key players in the market are focusing on acquisitions to complement their product portfolios, so as to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve direct customer relations.
- Demand share of shared bandwidth systems is projected to be over 60% in 2031.
- Though the COVID-19 pandemic has adversely affected most sectors, enterprise VSAT is being used by various industries to receive and transmit real-time data through satellites.
- Applications of Intelligent Transportation System (ITS) technologies is highly encouraged in emerging smart cities to handle the current challenges of the continuous growth in the number of vehicles that ply the highways in urban center
“Key players are focusing on continuous development and implementation of new solutions such as enterprise VSAT technology and VSAT satellite technology for access in remote locations and improved WAN & Internet connectivity performance, which is proliferating opportunities for the enterprise VSAT market,” says a PMR analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Enterprise Vsat Market Manufacturers
Enterprise Vsat Market Distributors/Traders/Wholesalers
Enterprise Vsat Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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