What are the Historical Developments and Current Growth Metrics of the Satellite And Telecommunication Resellers Market?
The satellite and telecommunication resellers market has seen considerable growth due to a variety of factors.
• The satellite & telecommunication resellers market has seen significant growth in previous years. The market's expansion is anticipated to continue from $323.1 billion in 2024 to about $343.56 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%.
Factors such as enhanced global connectivity, rise in data usage, emergent markets, government schemes and regulations, along with space exploration have contributed to this historic surge.
What Is The Projected Growth Of The Satellite And Telecommunication Resellers Template Market?
The satellite and telecommunication resellers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of satellite & telecommunication resellers is projected to witness substantial growth in the coming years, reaching $431.27 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%.
The projected growth in the forecasted period can be credited to the proliferation of low earth orbit (leo) constellations, integration of 5G, increased focus on cybersecurity, and market globalization. The forecast period apparently will see major trends such as the emergence of low earth orbit (leo) constellations, satellite internet services, Internet of Things (IoT) and Machine to Machine (M2M) connectivity, as well as service offering diversification.
What Are The Key Drivers Fueling Growth In The Satellite And Telecommunication Resellers Market?
As smart cities continue to be a major focus for governments worldwide, there has been a surge in investment for their development. The European Union is at the forefront of this trend, encouraging smart city projects through research funds and sustainability goals for its members. The idea of smart cities is equally gaining traction in developing countries, with nearly 300 smart city pilot programs currently being planned in China and India. These endeavors will necessitate the use of advanced telecommunication networks. This demand would, in turn, propel the expansion of the satellite and telecommunications resellers market in the future.
What Are The Principal Market Segments In The Global Satellite And Telecommunication Resellers Industry?
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 Trends Are Shaping The Satellite And Telecommunication Resellers Market?
Prominent businesses in the satellite and telecommunications resellers market are concentrating on the invention of satellite-based products able to support bidirectional messaging to secure a competitive advantage in the industry. A satellite-based offering that can support bidirectional messaging is a technological innovation that enables communication in both ways, facilitating data transfer from transmitter to recipient and vice versa via satellite connections. For example, in January 2023, Qualcomm Incorporated, a US-based firm specializing in semiconductors, software and wireless technology-related services, introduced Snapdragon Satellite, proclaimed as the world's initial two-way messaging capable satellite-based solution tailored for premium smartphones. The Snapdragon Satellite utilizes the Iridium network, a constellation of low-Earth orbital satellites consisting of 66 satellites zooming across the sky at 17,000 mph. Significantly, Snapdragon Satellite provides pole-to-pole coverage, signifying it has the ability to cover nearly the entire Earth.
Who Are the Key Players In The Satellite And 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 Are The Regional Insights Into The Satellite And 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.
