VSAT (Very small aperture terminal) is a two-way satellite communication system that transfers & receives data from satellites. The system encompasses small dish antennas, range of less than 3 meters in diameter or other hardware components that include antennas and modems. VSAT handles voice, video and data signals and it benefits the organizations to have a complete control on the communication system without relying on other Information Technology (IT) companies. Key enterprises are healthcare, education, telecom and retail which have considerable usage of the VSAT and can be considered to track the global enterprise VSAT market.
According to study, “Global Enterprise VSAT system market to reach USD 9.20 billion by 2027” the key companies operating in the global enterprise VSAT system market are Newtec Enterprises, Primesys Solucoes Empresariais, Telefonica, Tatanet Services, Polarsat, Telesat Holdings, Orion Satellit, Sky Casters LLC., ND SatCom GmbH, Speed Cast. Key companies are focusing on numerous organic growth strategies for instance product approvals, product launches, and others (patents & events). Moreover, inorganic growth strategies activities such as merger & acquisitions (M&A), and partnership & collaborations are witnessing in the market. These activities have paved way for development of business & client base of market players. The market payers from enterprise VSAT market are projected to lucrative growth opportunities in the future with the increasing demand for global enterprise VSAT market.
On the basis of type, enterprise VSAT system market is bifurcated as dedicated bandwidth VSAT system and shared bandwidth VSAT system. On the basis of components, market is segregated as hardware, software and services. On the basis of application, market is segregated as small & medium enterprises and large enterprises. In addition, on the basis of end-use industry, market is segregated as telecom, healthcare, education, retail, government and others.
The enterprise VSAT system market is driven by growth in number of enterprise and organization across the world, followed by high reliability on strong communication technology & network connectivity. However, latency related issues with VSAT technology may impact the market. Moreover, increase in investment of organization in infrastructure development is a key opportunity for market. Furthermore, rise in consumption of enterprise VSAT system in large scale enterprises is a major trend for global market.
Based on geography, the North-American region dominates the global enterprise VSAT system market owing to rise in usage of VSAT systems in aerospace & defense sector coupled with growth in technological advancements in the region. Whereas, the Asian-Pacific and European regions are estimated to witness higher growth rate due to increase in government initiatives over the forecast period. It is estimated that future of the global market will be bright as a result of increase in number of SMEs and growth in advancements in digital technology such as Internet of Things (IoT) technology and Machine-to-Machine (M2M) during the forecast period. The global enterprise VSAT system market is valued approximately US $4.4 billion in 2019 and is expected to grow with a healthy growth rate of more than 8.50 % during the forecast period 2020-2027.
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Ankur Gupta, Head Marketing & Communications