Enterprise VSAT System Market To Grow At 9.5% CAGR During The Forecast Period From 2019- 2027
According to a new market research report published by Brisk Insights, “Enterprise VSAT System Market ((Type- Dedicated Bandwidth VSAT System, Shared Bandwidth VSAT System), (Component- Hardware (Antennas, Modems, Others (Hubs, Demodulators)), Services), (Enterprise Size- Small & Medium Enterprises, Large Enterprises), (Industry- Industrial (Aerospace & Defense, Manufacturing, Energy, Oil & Gas, Telecom), Enterprises (BFSI, IT, Retail, Entertainment & Media, Education, Healthcare, Government) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall enterprise VSAT system market worldwide was valued at US$ 4.50 Bn in 2018 and is set to grow with a CAGR of 9.5% during the forecast period.
Growing number of data centers and rising demand for power efficient solutions are driving the enterprise VSAT system market globally. The VSAT network offers various services, for example – data transmission, internet access, LAN services, etc. Backed by practical provisions and cost effective solutions, the demand for enterprise VSAT system market is set to grow. Overall improvement in the telecom services, the download and upload speed to be precise, has fueled the adoption of VSAT systems in enterprises. Further, introduction of cloud based services has proven to be economical and offered a simplified solution to the users. Therefore, we expect that the enterprise VSAT system market will show significant growth during the forecast period 2019-2027.
Based on component, the enterprise VSAT system market is segmented into hardware and services. In 2018, the services segment was the largest revenue contributor. Services segment has its dominance due to vast adoption of the enterprise VSAT systems in clinics and hospitals. The VSAT system set enables the users to maintain a two way communication and data exchange. Further, the broadband services assist the security agencies and intelligence services to improve the DBMS (database management services) and also decode the information exactly. Thus, we expect that services segment will continue its dominance in the enterprise VSAT system market during the forecast period due to its demand from various sectors.
Based on the geography, North America dominates the enterprise VSAT system market. North America contributes the largest share to the total revenue of the enterprise VSAT system market due to extensive usage in aerospace and defense. Owing to changes in telecom segment due to rapid advancements and new product developments, the enterprise VSAT system has been booming in the region. Further, Asia Pacific is expected to grow at the fastest rate during the forecast period. This shall be majorly due to extensive adoption in various sectors. As a result of aforementioned factors, we presume that North America region will continue its dominance in the enterprise VSAT system market throughout the forecast period.
Some of the major companies profiled in the report include ViaSat, Skycasters LLC, Singtel, OmniAccess, Newtec, iDirect, Hughes Network Systems, Global Eagle Entertainment, Gilat Satellite Networks, GigaSat, Emerging Markets Communications (EMC), Comtech Telecommunications, Cambium Networks and Bharti Airtel among others.
Browse the full report at https://www.briskinsights.com/report/enterprise-vsat-system-market
The Global Enterprise VSAT System Market is Segmented into:
By Type (2017–2027; US$ Bn)
By Component (2017–2027; US$ Bn)
By Enterprise Size (2017–2027; US$ Bn)
By Industry (2017–2027; US$ Bn)
By Geography Segment (2017–2027; US$ Bn)
*Complete segmentation list is on report page