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Satellite Data Service Market Share, Trends, Size, Industry Growth 2022-2027

12-12-2022 05:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Satellite Data Service Market Share, Trends, Size, Industry

IMARC Group has recently released a new research study titled "Satellite Data Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global satellite data service market reached a value of US$ 6.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.82 Billion by 2027, exhibiting a CAGR of 18.3% during 2022-2027.

Satellite data service refers to the satellite systems that collect information regarding the Earth via manmade satellites in orbit. It delivers high-speed wireless bandwidth data connections from space. Satellite data service utilizes radio waves to transmit, receive, and retrieve data through communication networks. It enables businesses to carry voice, video, or other data services. Additionally, satellite data services also assist in providing reliable and dedicated services for various applications, such as email, file sharing, web hosting, data backup, video, etc. As a result, they are used across numerous sectors, including energy, agriculture, engineering, etc.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/satellite-data-service-market/requestsample

Satellite Data Service Market Trends and Drivers:

The rising usage of smartphones and the escalating demand for high-speed internet services are among the primary factors driving the satellite data service market. Moreover, the emerging trend of vlogging and the expanding travel and tourism sectors are inflating the need for satellite data services to obtain reliable internet coverage at affordable prices. Apart from this, the increasing concerns towards climatic changes, environmental degradation, and natural disasters are also augmenting the global market. Furthermore, owing to the growing geopolitical tensions between countries and the elevating national security concerns, several defense agencies are deploying commercial satellite imaging systems to procure information that strengthens security services and helps defense operations. This, in turn, is acting as another significant growth-inducing factor. Besides this, the integration of artificial intelligence (AI) and machine learning (ML) technologies with these satellite systems is anticipated to propel the satellite data service market in the coming years.

Explore full report with table of contents: https://www.imarcgroup.com/satellite-data-service-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Service:

Data Analytics
Image Data

Breakup by Application:

Scientific
Administrative
Commercial

Breakup by Vertical:

Defence and Security
Energy and Power
Agriculture
Environmental
Engineering and Infrastructure
Marine
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Airbus SE
Ceinsys Tech Limited
Geospatial Intelligence Pyt Ltd.
Gisat S.R.O.
ICEYE
L3harris Technologies Inc.
Maxar Technologies Inc.
Planet Labs Inc.
Satellite Imaging Corporation
Telstra Corporation Limited,
Trimble Inc.
Ursa Space Systems Inc.

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Contact Us:

IMARC Services Private Limited

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

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