Enterprise Vsat Market

Global Market Study on Enterprise VSAT: Rising Demand for Remote Area Connectivity and Branch Office Communication Fuelling Growth

Enterprise VSAT Market: About the Report

Increasing demand for reliable and secure broadband connectivity that can exchange important data with staff at different locations is expected to propel growth of the enterprise VSAT market over the coming years. There is growing need for reliable and cost-effective communication services, initiatives to promote healthcare IT, and improved quality of service offered through VSAT. PMR’s research study covers comprehensive insights about market trends, value (US$ Bn) projections, recent developments, and dynamics in the enterprise VSAT market during the forecast period of 2021-2031.

The report tracks the global sales of enterprise VSAT in 20+ high-growth markets, detailing why the regions of North America, Asia Pacific, and Europe are leading this space, along with analyzing the impact that the COVID-19 pandemic is having on the global enterprise VSAT industry.

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Companies

  • Viasat, Inc.
  • PT Pasifik Satelit Nusantara
  • Skycasters
  • Newtec
  • Airtel
  • Hughes
  • Comtech
  • New Japan Radio Co., Ltd. (NJR)
  • BusinessCom Networks Limited
  • Cambium Networks
  • Av-Comm
  • Gilat Satellite Networks
  • ST Engineering iDirect, Inc.
  • Vizocom

Historical and Future Outlook

As per the market study, over the past few years, the enterprise VSAT market has gained enormous interest due to improvement in wireless communication technology, and is anticipated to witness growth in revenue from US$ 4.5 Bn in 2020 to US$ 12.4 Bn by 2031. Growth in the space industry is one of the major factors fueling market growth. Increasing number of space exploration missions, rising interest in satellite-aided warfare, improved deployment of small satellites, and cost-effective satellite launch operations are factors expected to fuel the expansion of the enterprise VSAT market size in future.

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How Does Enterprise VSAT Communication Drive Market Growth?

Enterprise VSAT manufacturers and service provides are constantly offering different types of VSAT communication solutions in different verticals, such as retail and consumer goods, media & entertainment, BFSI, healthcare, and others. Due to rising competition, enterprises are increasingly adopting enterprise VSAT technological solutions, which can help them enhance their product and service delivery and attract new customers.

Enterprise VSAT communication plays very a important role in today’s competitive world, as good communication with customers results in customer satisfaction, and ultimately customer retention and loyalty. Enterprise VSAT are used for the creation, storage, delivery, and retrieval of outbound communications. As such, continuously increasing need for communication is driving adoption, significantly.

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How are Technological Advancements Beneficial in This Space?

Continuous development and implementation of new solutions, including Next-Gen enterprise VSAT and satellite communication technology, for various end users such as hospitals & clinics, telecom & IT, oil and gas, and others is creating opportunities for increased spending on enterprise VSAT. Advantages such as business productivity, high speed, secure and reliable transactions, quick deployment time, and assured high uptime are primary factors resulting in high adoption of enterprise VSAT.

Moreover, increasing number of providers are offering new and innovative enterprise VSAT for business continuity. Integration of technologies such as IoT, Big Data, Artificial Intelligence, and others can be expected to lead to development of the enterprise VSAT with much more capabilities and improved performance.

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Why are Strategic Partnerships & Collaboration Key to Market Consolidation?

Enterprise VSAT hardware manufacturers and service providers are entering into strategic partnerships with telecom & IT solution providers for the development of new technologies and solutions. Partnerships among key players in the market is a major trend being observed off late. For instance, in December 2018, Gilat Telecom and Airtel announced an agreement for satellite capacity sharing across Africa. According to this partnership, both companies will leverage each other’s satellite footprint to serve customers across the African continent.

Apart from this, government organizations across the globe are taking various steps to initiate enterprise VSAT projects, and are partnering with major technology companies for implementing satellite communication technology across urban cities. These collaborations with technology vendors for the development of satellite communication applications are generating potential growth opportunities for players in the enterprise VSAT market space.

What Does the Development Scenario for Satellite Communication Look Like?

Satellite communication technology has achieved remarkable breakthrough efficiencies and an increase in performance over the past half-century. Development of satellite communication as well as progression in all forms of telecommunication and computer processes are aiding growth of the enterprise VSAT market. Also, demand for space assets for communication, navigation, television and radio broadcasting, and remote sensing is increasing continuously across the world. Development of public-private partnerships in space services is creating potential growth opportunities for the sales of enterprise VSAT.

What are the Key Challenges for Enterprise VSAT by Hardware Manufacturers and Service Providers?

Space wreck may cause severe damage to space assets in the near term, which may slow down the adoption rate of enterprise VSAT. However, this space debris problem may result in both, regulatory steps taken to organize launches and reduce the risk of accidental collisions, or even technological innovations to assist in cleaning the orbital environment. This factor is projected to hinder demand for enterprise VSAT over the coming time period.

Country-wise Insights

 

Why Does the U.S. Top the Pecking Order?

North America will be the largest consumer of enterprise VSAT, due to strong presence of solution and service providers in the U.S.. This is attributed to high increase in demand for enterprise VSAT from various end users such as healthcare, retail, telecom & IT, and others. According to the report, overall enterprise VSAT spending in the United States alone is likely to increase at 7.5% from 2021 and 2031.

The U.S. by itself accounts for around 28%-30% of the global market share currently. Increasing collaboration by key players with the U.S. government is driving market growth in the region. Continuous product innovation is a key strategy followed by major players in the U.S. to enhance their customer base and demand share.

Why is Germany an Attractive Market?

Adoption of enterprise VSAT technology is expected to rise considerably across small- and medium-size businesses in Germany. Moreover, solutions offered in Germany are integrated with AI and cloud computing technology, which enables organizations in getting actionable insights and allowing them to focus on reducing organizational risks. The enterprise VSAT market in Germany is anticipated to witness nearly twofold growth in revenue by 2031.

Some of the key players such as Viasat, Inc., Gilat Satellite Networks, and Comtech Telecommunications, among others, are focused on adoption of satellite telecommunications technology, which has the potential to leverage the availability of high-speed Internet services in European countries, including land-locked and island nations, as well as economies in transition. Europe is identified by PMR as the second-leading market, a position it is likely to hold on to throughout the forecast period.

How is Enterprise VSAT Hardware Manufacturing Surging in China?

China, Japan, and India are creating potential growth opportunities, owing to favorable government policies in these countries related to spectrum allocation, debris mitigation standards, and space traffic management. The Telecommunication and automotive industries are growing rapidly in the East Asia region, owing to high number of tier II & tier III manufacturers, which, in turn, has drastically increased demand for enterprise VSAT in the region.

The Chinese National Space Administration (CNSA) is continuously planning to change its space infrastructure, by focusing on the establishment of a permanent space station. Key priorities of China’s space infrastructure include satellite remote sensing, communication, and navigation. In-depth space exploration, space debris, and lunar exploration are other priorities of CNSA. China is looking forward to develop new institutes and aerospace schools for observers to conduct research on enterprise VSAT products and innovative solutions. Multiple manufacturers are expected to shift or extend their production facilities in China, owing to ease in production and end-user capturing.

Category-wise Insights

What’s the Market Share of Enterprise VSAT Hardware Type?

Among the components, the market is segmented as hardware and services. The hardware sub-segment will account for a relatively high CAGR of 8.2% during the forecast period. It also accounts for the largest market share of more than 60 at present.

Advancements in manufacturing and assembling techniques reduce the cost of developing and operating enterprise VSAT. Due to this factor, many countries around the globe are moving toward the development of satellite communication technologies, and thus, creating more market opportunities.

Why are Shared Bandwidth VSAT Systems Most Sought-after?

Among the enterprise VSAT types, the shared bandwidth VSAT systems segment is expected to register a CAGR of nearly 11% over the next ten years, and create an incremental opportunity of US$ 4.9 Bn from 2021 and 2031.

Development of space infrastructure and collaboration with government entities & agencies are fueling demand for shared bandwidth VSAT systems. These systems are ideal for SMEs and large-enterprise customers, or even medium-size businesses requiring consistent high-speed and high-throughput Internet services. 

Opportunities Abound in Remote Area Connectivity and Branch Office Communication

According to PMR, demand for enterprise VSAT hardware and service providers will be higher in remote area connectivity and branch office communication applications. Remote and offshore oil & gas operations need reliable and secure broadband connectivity that can facilitate the exchange of important data with staff at different locations, thereby fueling operational efficiency. Nowadays, enterprises are fully dependent on reliable connectivity such as satellite communications technology and solutions at all corporate locations for high speed, secure, and reliable transactions, and also improved productivity.

Competitive Landscape

Introduction of new solutions and strategic partnerships are key strategies being followed by top players in the enterprise VSAT market space to increase their business revenue. Enterprise VSAT providers are focusing on innovation in hardware/services to improve their market shares. For instance, in March 2019, Hughes and PSN launched Community Wi-Fi Service throughout Indonesia, bridging the digital divide and empowering communities. This business model is an ideal way to promote affordable Internet access in towns and communities, especially in areas that have lower per capita income.

Enterprise VSAT hardware manufacturers focus on product recognition as well as various certifications to expand their product offerings and gain a competitive edge. For instance, in 2020, ST Engineering iDirect announced wideband global Satcom Certification of its Newtec MDM9000 Satellite Modem. This expands its portfolio of WGS-certified solutions, which includes the iDirect Evolution Defense platform, Tactical Hub, and 9-Series family of modems.

Some of the leading companies operating in the market are:

  • Gilat Satellite Networks
  • Viasat, Inc.
  • Comtech Telecommunications Corp.
  • Cambium Networks, Ltd.
  • Bharti Airtel Limited
  • Hughes Network Systems, LLC
  • New Japan Radio Co., Ltd. (NJR)
  • Skycasters
  • BusinessCom Networks Limited
  • Vizocom
  • ST Engineering iDirect, Inc.
  • PT Pasifik Satelit Nusantara

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa

 

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Component,  Type,  Enterprise Size,  Industry, and Region

Key Companies Profiled

  • Gilat Satellite Networks
  • Viasat, Inc.
  • Comtech Telecommunications Corp.
  • Cambium Networks, Ltd.
  • Bharti Airtel Limited
  • Hughes Network Systems, LLC
  • New Japan Radio Co., Ltd. (NJR)
  • Skycasters
  • BusinessCom Networks Limited
  • Vizocom

Report Coverage

Market Forecasts, Vendor Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

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Enterprise VSAT Market by Category

Component

  • Hardware
    • VSAT Outdoor Units (ODUs)
    •  VSAT Indoor Units (IDUs)
  •  Services
    • VSAT Services
    •  System Integration & Implementation
    •  Installation & Repair
    •  Network Testing & Configuration
    •  Support & Maintenance

Type

  • Dedicated Bandwidth VSAT Systems
  •  Shared Bandwidth VSAT Systems

Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

Industry

  • Healthcare
  •  Education
  •  Retail
  •  Telecom & IT
  •  Media & Entertainment
  •  BFSI
  •  Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Questions Answered in the Report

Q1. What are the technologies provided by the enterprise VSAT market?

Enterprise VSAT technologies such as satellite communications technology, enterprise VSAT communication technology, and cloud-based solutions are creating new potential opportunities for this industry.

Q2. What are the major challenges for the growth of the enterprise VSAT market?

Space wreck may cause severe damage to space assets very soon, which may slow down demand for enterprise VSAT.

Q3. What are the major trends impacting the enterprise VSAT market?

Development of satellite communication as well as progression in all forms of telecommunication and computer processes are aiding growth of the enterprise VSAT market. Increase in demand for remote area connectivity and branch office communication is fueling demand across regions.

Q4. Which are some of the leading companies offering enterprise VSAT hardware and services?

Some of the leading companies offering enterprise VSAT hardware and services are Gilat Satellite Networks, Viasat, Inc., Comtech Telecommunications Corp., Cambium Networks, Ltd., Bharti Airtel Limited, Hughes Network Systems, LLC, W New Japan Radio Co., Ltd. (NJR), and others.

Q5. Which region is expected to be at forefront in the global enterprise VSAT market?

Rapid urbanization and economic development in South Asia & Pacific is anticipated to help this region account for the fastest growth is demand for enterprise VSAT. Rapid developments in new technologies such as VSAT platforms and remote area connectivity have made access to new markets easier and cost-effective. Hence, through the flexibility offered by such technology, vendors can take the advantage of booming opportunities in South Asia & Pacific countries such as India, Indonesia, Singapore, and others.

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