Enterprise VSAT System Market By Type (Dedicated Bandwidth VSAT Systems, Shared Bandwidth VSAT Systems), By Component (Hardware, Services), By Enterprise Size (Small And Medium Enterprises, Large Enterprises), By Industry (Industrial, Enterprises) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Accelerated Satellite Services Market to boost the demand for Enterprise VSAT System Market
The enterprise VSAT system market worldwide is expected to grow with a CAGR of 9.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. Escalation in satellite services penetration for cross-vertical applications is driving the demand for enterprise VSAT systems worldwide. Further, the increase in technological advancements has substantially supported the enterprise VSAT system market. Enterprise VSAT offers a wide range of voice & video communication and data services to users, including large businesses or corporations. The VSAT antennas are used for the reception and transmission of a huge amount of data and, therefore, are useful for enterprises. Thus, we expect the enterprise VSAT system market to show significant growth throughout the forecast period.
Market Synopsis
Dedicated Bandwidth VSAT Systems Segment will continue its Dominance
The enterprise VSAT system market is categorized into shared bandwidth VSAT systems and dedicated bandwidth VSAT systems. The dedicated bandwidth VSAT systems segment had a significant share in the market revenue in 2018. Notably, dedicated bandwidth VSAT systems are one of the most dependable C-Band and Ku-Band VSAT services in an existing market context. As a result, we expect the dedicated bandwidth VSAT systems segment to continue its Dominance in the enterprise VSAT system market throughout the forecast from 2019- 2027.
North America will continue its Dominance
In 2018, North America led the enterprise VSAT system market. North America has witnessed an increase in the usage of VSAT systems in aerospace and defense. Further technological advancements in the region helped the region to contribute a major share in the total revenue of the enterprise VSAT system market. Asia-Pacific is expected to grow significantly during the forecast period. Changing the political landscape in the region in the adoption of new policies pertaining to education and other services shall lead the growth. Therefore, we expect that Asia-Pacific will grow at the fastest pace during the forecast period in the enterprise VSAT system market.
Some of the prominent players operating in the enterprise VSAT system market are 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.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The enterprise VSAT system market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global enterprise VSAT system market based on type, phase, power rating, end-user, and geography.
Frequently Asked Questions:
The market for Enterprise VSAT System is expected to reach US$ 4.50 Bn in 2027.
The Enterprise VSAT System market is expected to see significant CAGR growth over the coming years, at 9.5%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
ViaSat, Skycasters LLC, Singtel, OmniAccess, NewTec, iDirect, Hughes Network Systems, Global Eagle Entertainment, Gilat Satellite Networks, GigaSat are some of the major players in the global market.
