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Information technology services industry

Enterprise Very Small Aperture Terminal Market to Grow with a CAGR of 5.31%

Strategic Insights

— 2 min read

The enterprise very small aperture terminal (VSAT) market is expected to grow with a compound annual growth rate (CAGR) of 5.31% from 2020 to 2025, driven by the increasing demand for satellite services for cross-vertical applications. The market is expected to reach a value of USD 1.20 billion by 2025. North America will be the largest market for enterprise VSAT, with the US being the key market. However, market growth in North America will be slower than in other regions.

Key Takeaways:

  • The enterprise VSAT market is expected to grow with a CAGR of 5.31% from 2020 to 2025, reaching a value of USD 1.20 billion by 2025.
  • North America will be the largest market for enterprise VSAT, with the US being the key market.
  • The market is expected to be driven by the increasing demand for satellite services for cross-vertical applications, including telemedicine, public safety operations, and cloud-based big data services.
  • The market is highly fragmented, with vendors such as Atos SE, Bharti Airtel Ltd., Cobham Plc, and Comtech Telecommunications Corp. competing in the market.
  • The vendors are deploying organic and inorganic growth strategies to compete in the market, including the development of new products and the acquisition of rival companies.
  • The market is expected to be impacted by the COVID-19 pandemic, with reduced demand for satellite services in certain regions.
  • The market is expected to recover in the forecast period, driven by the increasing demand for satellite services for cross-vertical applications.
  • The key drivers of the market include the increased use of satellite services for cross-vertical applications, the growing demand for cloud-based big data services, and the need for telemedicine and public safety operations.
  • The market is expected to be limited by the high deployment costs of VSAT systems, the need for high-power transponders, and the limited availability of spectrum.

Statistics:

  • CAGR: 5.31% (2020-2025)
  • Market size: USD 1.20 billion (2025)
  • Market growth: 4.74% (YoY)
  • North America market share: 31%
  • Key consumer countries: US, China, Germany, UK, and India
  • Competitive landscape:

+ Leading companies: Atos SE, Bharti Airtel Ltd., Cobham Plc, Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., ND SatCom GmbH, and Orbit Communications Systems Ltd.

+ Competitive strategies: Organic and inorganic growth strategies

+ Consumer engagement scope: High

Sources:

  • Technavio, "Enterprise Very Small Aperture Terminal (VSAT) Market Scope Report Coverage Details"
  • Technavio, "Enterprise Very Small Aperture Terminal (VSAT) Market Facts at a Glance"
  • Technavio, "Satellite Ground Station Equipment Market by Type and Geography - Forecast and Analysis"
  • Technavio, "Global Fixed Satellite Service Market"

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