Fixed Satellite Services Market is Forecasted to Reach US$ 33.45 Billion in 2030, Says Stratview Research

The global fixed satellite services market is projected to witness a growth rate 5.5% annually from 2024 to 2030 with an anticipated size of US$ 33.45 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global fixed satellite services market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 33.45 billion
Growth (CAGR): 5.5% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Fixed Satellite Services Market:

The global fixed satellite services market is segmented based on service type, organization size type, vertical type, and region.

Based on service type - The fixed satellite services market is segmented into Wholesale FSS, TV Channel Broadcast, Broadband & Enterprise Networks, Video Contribution & Distribution, Trunking, and Backhaul, Other services, and Managed FSS. The Broadband and Enterprise Network segment is projected to be the fastest-growing service type in the fixed satellite services market. Due to the increased implementation of digital solutions, access to high-speed, reliable broadband internet in both developed and developing worlds or in the areas that are not fully covered, the demand has risen steeply. Traditional terrestrial networks can be expensive and hard to attain, which is why enterprises are now using satellite services to connect branch offices, remote workers, and business operations. This segment is expanding because the demand for always-on communications has continued to increase for corporate activities like data streams, cloud connection, and international teamwork.

Based on organizational size type - The market is segmented into Small Office Home Office, Small and Medium Business, and Large Enterprises. Among organization sizes, large enterprises are expected to dominate the market throughout the study period. Regarding organizations, large enterprises will constitute the largest share of the market owing to their requirement for bandwidth-intensive services and global connectivity. The primary users of satellite services are the large enterprises in the oil & gas industry, aerospace & defense, and the telecom sectors which have their facilities located in remote areas or carry out their operations in areas where access to the internet or communication is mission critical. Several enterprises can fund expensive satellite services; this will lead to the continuous growth of this segment.

Based on vertical type - The market is segmented into Government, Education, Aerospace and Defence, Media and Entertainment, Oil & Gas, Retail, and Others. The Media & Entertainment sector is expected to experience significant growth in the coming six years. Media & Entertainment segment is likely to show high growth because of requirements in high definition (HD) and ultra-high definition (UHD) videos, as well as live streaming. The increase in the use of streaming services, video on demand, and the requirement for real-time content in almost all platforms are the factors that are driving satellite services. Consequently, FSS occupies a dominant position in delivering content to the television broadcasting market, live sports, and significant international events, which puts this vertical under the banners of the dynamic and high-growth segment.

To know the most attractive segments, click here:
https://stratviewresearch.com/3912/fixed-satellite-services-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific (APAC) region is forecasted to be the fastest-growing market for FSS in the coming years. This growth outlook is majorly attributed to the following-

• In addition, the Asia-Pacific (APAC) market would show the highest growth rate in the coming years for FSS due to factors such as a rising economy, increasing demand for broadband, and government policy support for the improvement of digitalization.
• China, for instance, and most of the countries within India and Southeast Asia are investing a lot of fortunes in satellite infrastructure for telecommunication, broadcasting, and enterprise from the urban to rural areas.
• The effective demand to enhance communication services for developing regions and the use of satellite technology across the industries make APAC the largest growth factor for the FSS market.

Fixed Satellite Services Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing need for continued satellite communication
• An increase in the number of broadcasting networks
• The adoption of FSS for providing broadband internet facilities in unserved areas
• The introduction of satellite services on 5G networks

Top Companies in the Fixed Satellite Services Market:

Stratview Research has identified the following companies as the top market players.
• Eutelsat
• Hispasat
• Intelsat
• Russian Satellite Communications Company (RSCC)
• SES
• SKY Perfect JSAT Corporation
• Star One
• Telesat
• Thaicom
• Yahsat

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Fixed Satellite Services Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Commercial Satellite Launch Service Market: https://stratviewresearch.com/1917/commercial-satellite-launch-service-market.html
• Satellite Bus Market: https://stratviewresearch.com/357/Satellite-Bus-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.