Commercial Satellite Broadband Market Report History and Forecast 2018-2023 by Top Companies-Hughes Communications, ViaSat, Eutelsat S.A, EarthLink Holding, Dish, Avonline Satellite, Skycasters, Iridium Communications, Globalstar

The global commercial satellite broadband market is expected to reach approximately USD 170 Million by the end of 2023 with approximate 10% CAGR during the forecast period from 2018 – 2023.

Global Commercial Satellite Broadband Market, By Component (Satellite, Gateway, Modem, Network Operations Center (NOC)), By Frequency band (Ku, C, Ka) By End Users (Education, Hospitals, Government Agencies, Public Safety) - Forecast up till 2023.

Key Players:
The global commercial satellite broadband market holds some of the prominent key vendors like Hughes Communications, Inc. (U.S.), ViaSat Inc.(U.S.), Eutelsat S.A.(France), Thaicom Public Company Limited (Thailand), EarthLink Holding Corp.(U.S.), Dish Network LLC (U.S.), Avonline Satellite Solutions Ltd (U.K), Speedcast International Limited (Australia), Skycasters LLC (U.S.), Inmarsat PLC (U.K), Iridium Communications Inc. (U.S.), and Globalstar, Inc. (U.S.).

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Market Highlights:

The satellite broadband is the internet connectivity that is provided by the low earth orbiting or geostationary satellites. The satellite broadband connectivity is a costly option but the cost is expected to decrease in the upcoming years due to advancements in the internet connectivity technology. However, the major issues that arise is the limitation of bandwidth which again gives rise to limited speeds and lags in the overall speed as data packets have to travel a huge distance. Although the satellite broadband market is expensive, the government and many independent organizations are making initiatives to launch an affordable and faster internet connectivity by introducing the pay per use plans, monthly plans and yearly plans.

The market for global commercial satellite broadband is segmented on the basis of component, frequency band and end users. The market is expected to grow at a significant rate because of the advancements in the internet technology and growing demand of high speed, distortion less internet connectivity. The major factor that drive the market for commercial satellite broadband market is the global connectivity of the rural areas having limited or no internet connectivity. Also factors such as satellite reach as many users that are unserved or underserved by landline technology and satellite broadband can achieve a higher quality of service (QOS) for high bandwidth applications in some locations and with flexible data plans to improve the customer experience for satellite technology.

Regional Analysis:

The commercial satellite broadband market is also segmented on the basis of region under North America, Europe, Asia Pacific and rest of the world. North America and Europe turn out to be the dominating regions in the commercial satellite due to the already established wired broadband market and advancements in the internet technologies. The countries like U.S and Canada are however the early adopters of the cloud and internet technology and many large presence of satellite companies are located in the North America region. Though, Asia Pacific, Latin America and rest of the world show a significant growth in terms of the growth in usage and application of the satellite broadband as these include the rural areas and least internet connectivity to achieve the higher quality of service. Countries such as India and China, New Zealand, and Brazil are highly emerging countries and are investing heavily in improving the connectivity infrastructure. However, major areas in these countries are still relying on the 2G mobile connectivity for internet which creates an opportunity for the firms in the satellite broadband market to imply the services.

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Intended Audience:

Storage providers
Network providers
Satellite manufactures
Research firms
Software investors
Software Developers
Network component providers
Medical institutions
Hardware testers
IT enablers
Chipset providers
Cloud providers
Telecommunication companies
Government service providers

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