Press release
Fixed Satellite Services Market Growth to be Fuelled by Advancements in Technology
On the basis of Type of service global Fixed Satellite Services Market is segmented to Transponder Agreements and Managed Network Services
On the basis of organisation size the Global Fixed Satellite Services Market is segmented to Small enterprises, Medium enterprises and large enterprises.
One the basis vertical global Fixed Satellite Services market is segmented to government, defence and Security, media and entertainment BFSI, healthcare transportation, public sector, manufacturing sector, retail sector, IT & Telecom sector, energy & utilities and others.
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On basis of region global Fixed Satellite Services market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East & Africa (MEA).
Satellite services industry is one of the fastest growing industries where providers allocate the spectrum based on the client needs and specifications. Various services offered through Fixed Satellite services wherein companies allocate the spectrum for the client for the communication purposes for public and commercial uses. The Fixed satellite services market is expected to grow with the increase in adoption of High definition television. The solutions offered by fixed satellite service providers are secure, reliable and offer higher data rate transfer. Generally, systems that implement fixed satellite services solutions should have a fixed antenna. The Major bands in which fixed satellite services offer solutions include Ku-band, C-band and Ka-band majorly used to offer best services for communication networks.
The growth of Nanosatellite and microsatellite services by many large organisations and some startups had fueled the fixed satellite services market. The organisations implementing fixed satellite services solutions for communication purposes can also gain control over their networks wherein they can effectively utilize the existing network resources in order to offer better customer experience.
The major drivers for the adoption of fixed satellite service is the increase in High data rate communications which require faster data transfer and networking which are offer in fixed satellite services.
Recent increase in the number of UHD channels offered by many services providers along with live broadcasts in ultra-high definition is one of the key driver for fixed satellite services market.
The other major Market drivers are increasing demand for by high definition broadcast services and also growth in economic conditions of various emerging markets countries. The introduction of more advanced end-user hardware and more investment into Research and development is also driving the industry for healthy growth.
The Major challenges face by fixed satellite service providers is high cost of innovation technologies and modify the service based on the nature and type of deployment.
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Europe Fixed Satellite Services market is expected to have the major market share in due to presence of large number of service providers and followed by Asia Pacific and MEA. North America region is also expected to have a significant market share during the forecast period.
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Some of the Key players offering Fixed Satellite Services include Intelsat, SES S.A., Eutelsat S.A., SKY Perfect JSAT Corporation, Arabsat, Thaicom Public Company Limited, Hispasat SA, Antrix(ISRO), Asia Satellite Telecommunications Co. Ltd. and Singtel Optus Pty Limited.
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