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The enterprise's very small aperture terminal (VSAT) market share is expected to increase by USD 1.20 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.31%.
This enterprise's very small aperture terminal (VSAT) market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers enterprise very small aperture terminal (VSAT) market segmentation by geography (North America, Europe, APAC, MEA, and South America) and solution (services and products). The enterprise's very small aperture terminal (VSAT) market report also offers information on several market vendors, including Atos SE, Bharti Airtel Ltd., Cobham Plc, Comtech Telecommunications Corp., and EchoStar Corp., Gilat Satellite Networks Ltd., ND SatCom GmbH, and Orbit Communications Systems Ltd. among others.
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Based on our research output, there has been a positive impact on the market growth during and after post COVID-19 era. The increased use of satellite services for cross-vertical applications is notably driving the enterprise's very small aperture terminal (VSAT) market growth, although factors such as the high installation cost of VSAT equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise's very small aperture terminal (VSAT) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Enterprise Very Small Aperture Terminal (VSAT) Market Driver
One of the key factors driving growth in the enterprise's very small aperture terminal market is the increased use of satellite services for cross-vertical applications. VSAT plays a vital role in enabling communication for emerging technologies such as public safety operations. With the changing technology and growing demand for world-class health facilities, the need of the hour is telemedicine. Telemedicine is the exchange of medical information from one site to another via electronic communications to improve a patient's health status. Services include primary care and specialist referral, medical education, and remote patient monitoring. With the help of emerging technology in telecommunication such as VSAT, doctors can now serve distant customers by giving them world-class solutions. Governments across the globe are taking initiatives to increase the overall penetration of the Internet and voice-based services. This is enabling consumers to take advantage of the low-cost and faster rollout of VSAT services
Key Enterprise Very Small Aperture Terminal (VSAT) Market Trend
Cloud-based big data services is another factor supporting the enterprise's very small aperture terminal market share growth. Satellites generate large volumes of information in the form of images, which can be difficult to analyze. This has created the need for data analytics as it would provide meaning and structure to large volumes of unstructured data. Companies realize the growing need to analyze the data generated by satellites and are intending to enter the analytics space. The oil and gas, construction, and agriculture industries are the major commercial application areas where aerial photography is extensively used. Advanced data processing technologies provide flexibility to detect subtle structural and environmental changes by comparing them with earlier survey details. These big data cloud services enhance user productivity by incorporating sophisticated quantitative and qualitative pattern analysis in a comprehensive data collection process.
Key Enterprise Very Small Aperture Terminal (VSAT) Market Challenge
The high installation cost of VSAT equipment will be a major challenge for the enterprise's very small aperture terminal market during the forecast period. The size and cost of end-user equipment in the enterprise VSAT market is one of the major barriers that pose a threat to the growth of the market. Owing to the large, stabilized antenna platform and advanced terminal electronics, the equipment and installation cost of enterprise VSAT is higher than L-band products. A typical VSAT installation costs between $50,000 and $100,000. Due to the high installation cost, only heavy data users install the setup, and most of the small vendors rely on smaller and low-priced L-band products.
This enterprise Vsat market size analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global enterprise very small aperture terminal (VSAT) market as a part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the enterprise's very small aperture terminal (VSAT) market during the forecast period.
The global enterprise VSAT market was a fragmented industry that was in a phase of growth in 2020. By 2025, the market structure would continue to be fragmented. Its lifecycle stage would continue to be in the growth phase.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the enterprise's very small aperture terminal (VSAT) market encompasses successful business strategies deployed by the key vendors. The enterprise's very small aperture terminal (VSAT) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Atos SE - The company offers SkyMon VSAT, a fully integrated VSAT monitoring, and geolocation solution.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The enterprise's very small aperture terminal (VSAT) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the enterprise's very small aperture terminal (VSAT) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the communications equipment market. includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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31% of the market's growth will originate from North America during the forecast period. The US is the key market for enterprise very small aperture terminal (VSAT) in North America. Market growth in this region will be slower than the growth of the market in other regions.
The high penetration of satellite networks will facilitate the enterprise's very small aperture terminal (VSAT) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic imposed limitations on international trade, thereby restricting new ship deliveries and subsequent VSAT installations in 2020. In addition to lockdown measures, the governments of many countries in the region introduced emergency legislation that imposed restrictions on business activities and social gatherings. A few essential industries, such as food and beverage, chemicals, and pharmaceuticals, will continue to operate at the usual utilization rates during the forecast period. However, most industrial activities will witness a decline in output over the coming years. Such factors are expected to restrict the growth of the regional market during the forecast period. However, with the increased need for enterprises to shift their businesses to the work-from-home setup, owing to the pandemic, many VSAT vendors extended their commitment to keeping residential and small business customers connected to the Internet during the COVID-19 crisis, which boosted the market in 2020.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Solution
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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