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Satellite & Telecommunication Resellers Market 2024 Top Trends, Regional Segments, Industry Share And Forecast To 2033
Satellite & Telecommunication Resellers Market
The Business Research Company's Satellite & Telecommunication Resellers Global Market Report 2024 Global Market Report 2024 identifies Smart City Initiatives as the major driver for the Satellite & Telecommunication Resellers Market's growth in the forecast period. Governments around the world are increasingly investing in developing smart cities. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is also rising in developing nations. In China and India alone, almost 300 smart city pilots are currently planned. These projects will require state-of-the-art telecoms networks. This will act as a major driver of the growth of the satellite and telecommunication resellers market going forward.
The satellite & telecommunication resellers market size has grown strongly in recent years. It will grow from $324.09 billion in 2023 to $341.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growing global connectivity, increasing data consumption, emerging markets, government initiatives and policies, space exploration.
The satellite & telecommunication resellers market size is expected to see strong growth in the next few years. It will grow to $432.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to expansion of low earth orbit (leo) constellations, 5g integration, cybersecurity focus, globalization of markets. Major trends in the forecast period include rise of low earth orbit (leo) constellations, satellite internet services, iot and m2m connectivity, diversification of service offerings.
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Major competitors in the Satellite & Telecommunication Resellers Market are Tata Consultancy Services Limited, Nippon Telegraph and Telephone Corporation, Telefonaktiebolaget LM Ericsson, Cisco Systems Inc., Infosys Limited, SES SA, Intelsat SA, Hughes Network Systems LLC, Eutelsat SA, Arqiva Limited, Telesat Canada, Speedcast International Limited, Telespazio SpA, Encompass Digital Media Inc., Hispasat SA, Globecast SA, Liquid Intelligent Technologies Limited, Russian Satellite Communications Company, Telstra Group Limited, Measat Global Berhad, Thaicom Public Company Limited, Emirates Integrated Telecommunications Company PJSC, Gazprom Space Systems Joint Stock Company, Viasat Inc., Cobham Limited, Gilat Satellite Networks Ltd., Inmarsat Global Limited, Iridium Communications Inc., Globalstar Inc., Thuraya Telecommunications Company.
A key trend in the Satellite & Telecommunication Resellers Market includes Increasing Focus On Introducing Satellite. Major companies operating in the satellite and telecommunications resellers market are focused on developing satellite-based solutions capable of supporting two-way messaging to gain a competitive edge in the market.
A satellite-based solution capable of supporting two-way messaging refers to a technology that allows for communication in both directions, enabling data transmission from a sender to a receiver and vice versa via satellite connections. For instance, in January 2023, Qualcomm Incorporated, a US-based provider of semiconductors, software, and services related to wireless technology, launched Snapdragon Satellite, the world's first satellite-based two-way capable messaging solution for premium smartphones. Snapdragon Satellite uses the Iridium network, which is a network of low-Earth orbital satellites with 66 satellites traveling at 17,000 mph across the sky. Snapdragon Satellite boasts pole-to-pole coverage, which means it can cover almost the entire globe.
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The Satellite & Telecommunication Resellers Market is segmented -
1) By Type: Telecommunication Resellers, Satellite Telecommunications, Other Satellite & Telecommunication Resellers
2) By Component: Equipment, Services
3) By End-Use: Residential, Commercial
Subsegments Covered: Wireless Telecommunication Resellers, Wired Telecommunication Resellers
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Satellite & Telecommunication Resellers Market.
The Business Research Company's "Global Satellite & Telecommunication Resellers Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Satellite & Telecommunication Resellers Market Include:
1. Executive Summary
2. Satellite & Telecommunication Resellers Market Characteristics
3. Satellite & Telecommunication Resellers Product/Service Analysis -Product/Service Examples
4. Satellite & Telecommunication Resellers Market Trends And Strategies
5. Satellite & Telecommunication Resellers Market - Macro Economic Scenario
……
68. Global Satellite & Telecommunication Resellers Market Competitive Benchmarking
69. Global Satellite & Telecommunication Resellers Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Satellite & Telecommunication Resellers Market
71. Satellite & Telecommunication Resellers Market Future Outlook and Potential Analysis
72. Appendix
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