According
to a new market report published by Transparency Market Research, the
global
enterprise VSAT system market
was
valued at US$ 3.48 Bn in 2016 and is expected to expand at a CAGR of
7.0% from 2018 to 2026, reaching US$ 6.46 Bn by the end of the
forecast period. According to the report, North America was the
largest contributor in terms of revenue to the enterprise VSAT system
market in 2016.
Advancements
in the technology of VSAT systems is driving the global enterprise
VSAT system market
Improvements in the technology of
VSAT systems permits optimized transponder utilization of HTS. This
is done by supporting higher modulation schemes, such as 32
Amplitude. This situation is expected to fuel the adoption of
enterprise VSAT system and increase the capacity of the usage of the
transponders. An improvement in telecom networks worldwide has
enhanced the uplink and downlink data speed. Enterprise
High-Throughput is a rapid satellite service of broadband that is
available in the market. Increasing applications of satellite
services in anticipated to boost the enterprise VSAT system market.
VSAT being a geosynchronous satellite, floats on a fixed spot and can
cover a third of the Earth’s surface with its beam and can provide
connectivity to any area covered by the satellite beam. In addition,
the cloud offers many opportunities to reduce costs and grow a
business. Cloud-based services often present a more economical and
simplified solution to the user, but consequently make a highly
reliable and robust connection to the Internet that much more
critical. Satellite broadband offers a truly unique connectivity
solution in many regions of Africa and the Middle East where
terrestrial bandwidth may be sparse or unavailable.
Enterprise VSAT System
Market: Scope of the Report
The global market for enterprise
VSAT systemis segmented on the basis of component, type, enterprise
size,industry, and geography. On the basis of component, the market
has been segmented into hardware and services. The hardware segment
is further segregated into antennas, modem, and others. The services
segment includes maintenance and installation. In terms of type, the
market has been divided into dedicated bandwidth VSAT system and
shared bandwidth VSAT system.
Dedicated bandwidth VSAT system is
anticipated to hold the largest market share during the forecast
period. This is because dedicated bandwidth VSAT system is one of the
most reliable Ku-Band and C-Band VSAT services available in today's
market. Based on enterprise size, the global Enterprise VSAT System
marketis bifurcated into small & medium enterprises (SME’s),
and large enterprises. In terms of industry, the market is divided
into industrial and enterprises. The industrial segment is further
classified into aerospace & defense, manufacturing, energy, oil &
gas, and telecom. The enterprises segment is further classified into
BFSI, IT, retail, entertainment &media, education, healthcare,
and government.
Geographically, the global
enterprise VSAT system marketis bifurcated into North America, Asia
Pacific, Europe, South America, and Middle East& Africa. North
America is estimated to account for the largest market share in 2018
due to technological advancements and increasing usage of enterprise
VSAT system in aerospace, and defense. Asia Pacific is expected to
expand at the highest CAGR during the forecast period. For instance,
in India Hughes has begun its own HughesNet Global Education service
in 2002 and this has grown consistently over the last couple of years
and now has almost 30,000 students as its Alumni. Hughes
Communications India Ltd. (HCIL) has also supplied 15 hubs for the
Indian government’s EDUSAT program and currently manages education
services through VSAT at more than 3,000 institutions and learning
centers across India.
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