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The marriage of Very Small Aperture Terminal (VSAT) satellite technology with the revolutionary capabilities of 5G networks heralds a new era of connectivity, particularly in remote and underserved areas. This integration brings forth a host of benefits, offering seamless and high-speed connectivity to a myriad of devices, irrespective of their geographical location. In comparison to terrestrial cellular providers, VSAT satellites provide a unique advantage by establishing a single global network, thereby minimizing business support intricacies and reducing operational costs.
One of the significant advantages of integrating VSAT satellite technology with 5G networks lies in its ability to cover both un-served and under-served areas. Un-served areas, such as onboard aircraft, remote locations, and railway passengers, often face connectivity challenges that terrestrial networks struggle to address comprehensively. VSAT satellites, in combination with 5G, bridge this gap by ensuring continuous and reliable connectivity, even in the most remote locations. Similarly, under-served locations, particularly in rural and suburban areas, benefit from this integration, overcoming the limitations of traditional terrestrial 5G networks. Moreover, the VSAT-5G integration addresses the issue of network congestion and overload.
As the demand for high-speed data and connectivity increases, network congestion becomes a common concern. VSAT, with its satellite-based infrastructure, provides a scalable solution to mitigate these challenges. The result is an enhanced network coverage area, improved communication for the Internet of Things (IoT) devices, and robust backhaul connectivity. The synergy between VSAT and 5G is not just a technological advancement but a strategic move to future-proof connectivity solutions. A noteworthy example of this integration can be found in the collaboration between Newtec, a prominent manufacturer of satellite communication equipment, and Wind River, a software development company.
In February 2019, they joined forces to create a groundbreaking solution – the Newtec 5G satellite infrastructure. This collaboration aimed to leverage the strengths of both companies to offer seamless connectivity, high network capacity, and an unparalleled end-user experience. By integrating VSAT with 5G technology, Newtec expanded its business horizons and customer base, positioning itself at the forefront of providing cutting-edge solutions for the evolving connectivity landscape. The implications of this integration extend beyond mere technological innovation. It has the potential to transform industries, opening up new possibilities for businesses and individuals alike. The enhanced connectivity facilitated by VSAT-5G integration is a catalyst for progress in sectors such as healthcare, education, and commerce, especially in areas where traditional network infrastructure falls short.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Organization Size,Application, and Region |
Enterprise VSAT Market Highlights:
Enterprise VSAT Market Overview
The Enterprise VSAT Market size is projected to grow from USD 7.75604 Billion in 2024 to USD 14.39 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.03% during the forecast period (2024 - 2032). Additionally, the market size for Enterprise VSAT was valued at USD 7.1 Billion in 2023.
The increased demand for broadband internet connectivity, particularly from business and government sectors are the key market drivers enhancing the market growth.
Figure1: Enterprise VSAT Market, 2018 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Enterprise VSAT Market Trends
Growing technology advancement is driving the market growth
Market CAGR for enterprise VSAT is being driven by the rising advancement in technology. VSAT systems are extensively installed aboard ships to provide fast broadband connectivity for both personal communication and business activity. It is used in video conferencing and ERP in business and in streaming, video calling, and email in personal interactions. Enterprise VSAT is also used in surveillance apps to support defense forces in marine operations that require portable, lightweight, and tiny equipment and protect coastal regions. Ships should be properly linked to the rest of the world during long trips so passengers and crew can interact with loved ones and get information about ports and weather. VSAT systems can come in handy here. During the projected period, this will assist in boosting the enterprise VSAT market. Increased use in the oil and gas sector, demand for a broadband data connection from the business and government sectors, increased enterprise VSAT application,demand for high VSAT bandwidth speed, technological advances in enterprise VSAT system, lower operating and investment costs, increased adoption of USATs for on-the-go applications, and increased use of Ka and Ku band VSATs are all factors contributing to the enterprise VSAT market size. Furthermore, technological improvements have significantly aided the corporate VSAT system industry. Enterprise VSAT provides a wide range of voice, video, and data communication and data services to users that are major enterprises or corporations. VSAT antennas are used for large amounts of data receipt and transmission, making them valuable for businesses. As a result, we anticipate that the enterprise VSAT system market will expand significantly throughout the projected period.
Governments worldwide are enabling mobile network providers to include the universal service obligation, allowing users to use cost-effective VSAT services. Increased Internet and voice-based service adoption will drive development in the worldwide enterprise VSAT market. Many government organizations have begun to use VSAT services and are also conducting e-governance initiatives, such as providing internet access to educational institutions in remote regions using VSAT technology. Satellites generate massive amounts of data, necessitating data analytics for vast amounts of unstructured data. End-users in the oil and gas, construction, and agricultural industries are expected to be able to collect and combine sensor data and make educated decisions using big data platforms. Adopting efforts from various governments to provide effective communication services is projected to boost growth in the worldwide enterprise VSAT market.Thus, driving the Enterprise VSAT market revenue.
Enterprise VSAT Market Segment Insights
Enterprise VSAT Type Insights
The global Enterprise VSAT market segmentation, based on type, includes hardware and services. The services segment dominated the market, accounting for 69% of market revenue, because of the use of satellite internet connections in clinics and hospitals that enable direct communication and data sharing, as well as the adoption of such technologies by intelligence and security agencies to improve their data collection systems, allowing them to decipher data more accurately. These new advancements are intended to be integrated into service providers' operations. Globally, there is an increasing need for space infrastructure for networking, navigation, television and radio transmission, and remote sensing.
Enterprise VSAT Organization Size Insights
Based on Organization Size, the global Enterprise VSAT market segmentation includes small and medium enterprises and large enterprises. The small and medium enterprises generated the most income. The Enterprise VSAT System is a business and residential satellite communication system. VSATs transmit narrowband data such as RFID and credit card point-of-sale transactions. The interface is a barrier between the user's device and a transceiver-equipped antenna. Signals are detected and sent by the satellite transponder in the sky. VSAT is designed to transport video, audio, and data communications.
Figure 2: Global Enterprise VSAT Market, by Organization Size, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Enterprise VSAT End User Insights
Based on end users, the global Enterprise VSAT market segmentation includes BFSI, IT, retail, entertainment & media, education, healthcare and others. The BFSI generated the most income. Banking and finance are isolated industries requiring a secure communication infrastructure that improves productivity while lowering operational expenses. Some of the transactions occur across various branches, necessitating a secure communication network to transport sensitive information. The demand for VSAT services is predicted to rise due to the need for a flexible communication platform to adapt novel technological solutions, the capacity of VSAT systems to react to data quantities, and the necessity for a secure connection in remote ATMs and branches.
Enterprise VSAT Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Enterprise VSAT market area will dominate this market, Because of issues such as vegetation identification, disaster management in the case of storms and hurricanes, historical monument inspection, and volcano monitoring.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: GLOBAL ENTERPRISE VSAT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Enterprise VSAT market accounts for the second-largest market share. Most regional governments have universal access programs in the works, which will set aside funds and give subsidies to alleviate the region's lack of access to modern technologies. The development subsidies help to mitigate the initial capital cost of establishing wireless and satellite infrastructures. Further, the German Enterprise VSAT market held the largest market share, and The Enterprise VSAT market in the United Kingdom was the fastest growing in the European area.
The Asia-Pacific Enterprise VSAT Market is expected to grow at the fastest CAGR from 2023 to 2032. VSAT services are becoming more popular among SMEs as corporate VSAT networks expand, heralding the next growth stage for satellite services. The expansion of rural telecommunications, telemedicine, and distance education programs is predicted to drive regional growth. Most governments in the area have universal access programs, which are supposed to set aside cash and subsidies to address the issue of contemporary telecommunications access. Moreover, China's Enterprise VSAT market held the largest market share, and The Indian Enterprise VSAT market was the Asia-Pacific region's fastest-growing market.
Enterprise VSAT Key Market Players & Competitive Insights
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Enterprise VSAT market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Enterprise VSAT industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Enterprise VSAT industry to serve clients and expand the market sector. The Enterprise VSAT industry has provided some of the most important benefits recently. Major players in the Enterprise VSAT market, including General Mills Inc., Amway, Conagra Brands Inc.,
Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to increase market demand by investing in research and development operations.
Marlink seamlessly combines hybrid, future-ready network solutions, allowing the client to use the finest available connectivity and IT to drive digitalization and enable remote operations. A smart network solution that is customized to their needs. They intelligently combine network and digital solutions with active management to offer the greatest low-latency user experience, dependable application access and data flow for real-time operations, and strong cyber security.They give cloud access to mission-essential apps, manage their IT network, and provide real-time access to crucial operational data via IoT. All while enhancing user experience and optimizing application performance to help your digital transformation. In December 2020, Marlink will provide connectivity solutions for Manta Shipping. Marlink will provide high-throughput Ka-band VSAT with L-Band backup services, which will benefit from the company's increased network transparency and provide shore personnel and users with immediate information on the type of networks utilized for certain jobs. In reality, this technology will assist shore and ship workers in analyzing the use and prioritizing data-intensive downloads in the strongest areas of VSAT coverage.
GILAT Telecom specializes in providing end-to-end communication solutions to customers worldwide, including cellular operators, Internet service providers, enterprises, government organizations, and emergency and rescue services in Africa and the Middle East. They provide a unique network experience for our customers, assisting them in streamlining the process of onboarding new services with our managed services that include everything from networks and infrastructure to cloud-based SaaS, security, and support. In June 2020, Gilat Telecom and Airtel inked a satellite capacity-sharing deal for Africa. According to the conditions of this agreement, both companies will use each other's satellite footprint to service customers across Africa.
Key Companies in the Enterprise VSAT market include
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Omniaccess (Spain)
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Skycaster LLC (US)
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Gigasat (US)
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Comtech Telecommunications Corporation (US)
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Global Eagle (US)
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Viasat Inc (US)
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Newtec (Belgium)
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VT iDirect (US)
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Gilat Satellite Networks (Israel)
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Singtel (Singapore)
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Hughes Network Systems LLC (US).
Enterprise VSAT Industry Developments
April 2021: Viasat Inc., a worldwide communications business, has completed its acquisition of RigNet, Inc. The transaction was authorized by RigNet owners. RigNet will bring significant industry experience, an established customer base, and a global communications delivery infrastructure to Viasat, enhancing its ability to provide high-quality, ubiquitous, low-cost broadband access and communications to the world's most difficult-to-reach areas.
Enterprise VSAT Market Segmentation
Enterprise VSAT Type Outlook
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Hardware
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Services
Enterprise VSAT Organization Size Outlook
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Small and Medium Enterprises
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Large Enterprise
Enterprise VSAT End User Outlook
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BFSI
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IT
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Retail
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Entertainment & Media
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Education
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Healthcare
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Others
Enterprise VSAT Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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