Press release
Satellite & Telecommunication Resellers Market Size Projected To Reach $431.27 Billion By 2034 With A Cagr Of 5.8%
Satellite & Telecommunication Resellers
What Is the Projected Growth of the Satellite & Telecommunication Resellers Market?
The satellite & telecommunication resellers market size has grown substantially in recent years. It will increase from $323.1 billion in 2024 to $343.56 billion in 2025 at a CAGR of 6.3%. The historic growth is due to rising global connectivity, increasing data consumption, emerging markets, government initiatives and policies, and the expansion of space exploration.
The satellite & telecommunication resellers market size is projected to witness significant growth over the next few years, reaching $431.27 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. This growth will be fueled by the deployment of low earth orbit (LEO) constellations, integration of 5G, heightened cybersecurity needs, and expanding global markets. Key trends include the surge of LEO networks, satellite internet, IoT and M2M communication, and broader service diversification.
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What Are the Different Satellite & Telecommunication Resellers Market Segments?
The satellite & telecommunication resellers market covered in this report is segmented -
1) By Type: Telecommunication Resellers, Satellite Telecommunications, Other Satellite And Telecommunication Resellers
2) By Component: Equipment, Services
2) By End-Use: Residential, Commercial
Subsegments:
1) By Telecommunication Resellers: Voice Resellers, Data Resellers, Internet Resellers
2) By Satellite Telecommunications: Satellite Voice Services, Satellite Data Services, Satellite Internet Services
3) By Other Satellite And Telecommunication Resellers: Value-added Resellers, Managed Service Providers (MSPs), Wholesale Telecommunication Services
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What Are the Primary Drivers Shaping the Satellite & Telecommunication Resellers Market?
Growing investments in smart city development globally are likely to drive the satellite and telecommunication resellers market. Governments, particularly in the European Union, are actively promoting smart city projects, which require advanced telecom networks. Countries like China and India are planning around 300 smart city projects, fueling demand for related telecommunications infrastructure.
Which Companies Are Leading in the Satellite & Telecommunication Resellers Market?
Major companies operating in the satellite & telecommunication resellers market include 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.
What Trends Are Expected to Dominate the Satellite & Telecommunication Resellers Market in the Next 5 Years?
Major companies in the satellite and telecommunications reseller market are focusing on satellite-based solutions capable of supporting two-way messaging to gain a competitive advantage. Qualcomm launched Snapdragon Satellite, the first satellite-based two-way messaging solution for premium smartphones in January 2023. This service utilizes the Iridium network of low-Earth orbit satellites, offering global coverage and enabling two-way communication via satellite.
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What Are the Top Revenue-Generating Geographies in the Satellite & Telecommunication Resellers Market?
Western Europe was the largest region in satellite & telecommunication resellers market in 2023. Asia-Pacific was the second largest region in satellite & telecommunication resellers market. The regions covered in the satellite & telecommunication resellers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Satellite & Telecommunication Resellers Market?
2. What is the CAGR expected in the Satellite & Telecommunication Resellers Market?
3. What Are the Key Innovations Transforming the Satellite & Telecommunication Resellers Industry?
4. Which Region Is Leading the Satellite & Telecommunication Resellers Market?
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