The global satellite & telecommunication resellers market size is expected to grow from $291.13 billion in 2021 to $313.57 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The satellite and telecommunication resellers market is expected to reach $409.12 billion in 2026 at a CAGR of 6.9%.
What is the Global Satellite & Telecommunication Resellers Market?
The satellite and telecommunications resellers market consists of sales of satellite and telecommunications services by entities (organizations, sole traders and partnerships) that purchase access and network capacity from operators of telecommunications networks and resell these services to businesses and households.
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What drives the Global Satellite & Telecommunication Resellers Market?
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.
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Global Satellite & Telecommunication Resellers Market Segments
The global satellite & telecommunication resellers market is segmented:
By Type: Telecommunication Resellers, Satellite Telecommunications, Other Satellite and Telecommunication Resellers
By Component: Equipment, Services
By End-Use: Residential, Commercial
By Geography: 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.
Satellite & Telecommunication Resellers Global Market Report 2022provides market size and growth forecasts for the global satellite & telecommunication resellers market, global satellite & telecommunication resellers market share, satellite & telecommunication resellers market segments and geographies, satellite & telecommunication resellers market competitive landscape including leading competitors’ revenues, profiles and market shares. The satellite & telecommunication resellers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Satellite & Telecommunication Resellers Industry Playersinclude TCS, Nippon Telegraph And Telephone Corp, telefonaktiebolaget lm ericsson, Cognizant Technology Solutions Corp, Dell Technologies Inc., Hewlett Packard Enterprise Co, Microsoft, Capgemini, Cisco Systems, Inc., Infosys ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
