An increased investment on broadband connectivity, enterprise network connectivity, content delivery and military satellite communication is likely to propel the market growth.
The global Fixed Satellite Services market is expected to reach USD 225 billion by 2026, according to a new report by Reports and Data. With an intense investment to provide high-speed internet connectivity, smooth and efficient network connectivity in enterprises, low latency in over-the-top content delivery and, secure and efficient military communication services by deploying fixed satellite services is expected to propel the growth of the market.
An upsurge in demand for the smooth broadcast of TV and radio signals, low power required in providing fixed satellite services and low cost of accessing the services with high consistency and performance is further expected to propel the market growth.
The characteristic of the optical fiber to provide long haul communication service facilities without the need of a repeater or an amplifier at a very high data rate and with a very low loss in signal is likely to restrict the market growth for fixed satellite services.
North America is expected to be a key revenue generating region in the forecast period. The market is projected to grow at a CAGR of 4.6% in the forecast period. The growth is likely to be spurred by advancement in the deployment of Ka-band to deliver fixed satellite services to network consumers in the region of North America.
Further key findings from the report suggest
On the basis of the size of organization, the market has been segmented into Small office Home office, Small-Sized Enterprises and Medium-Sized Enterprises, and Large Enterprises. An extensive need for proper and high-speed internet connectivity for smooth flow of work in large enterprises dominates the market with a market size of USD 9.14 billion in 2018 and is forecasted to maintain its dominance throughout the forecast period.
On the basis of region, the market segmentations are North America, Europe, APAC, Middle East, Africa and South America. Advancement in the deployment of Ka-band to deliver fixed satellite services to network consumers in the region of North America is likely to make this region occupy the largest market share with USD 7.62 billion in the year 2018 and is expected to lead the market during the forecast period. Digital Journal