The study on the Global Shared Satellite Services Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Shared Satellite Services Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Shared Satellite Services Market industry.
Revenue growth of the market is attributed to increasing adoption of high definition video channels and Direct-To-Home (DTH) Subscription coupled with surge in demand for broadband and corporate enterprise networks at high speeds. Demand for DTH services and number of subscribers has increased substantially in the last few years, owing to increasing adoption of smartphones, which is resulting in high demand for high-speed satellite internet connectivity. On 10 September 2019 for instance, Amagi launched new broadcasting monitoring facility which can monitor approximately 1,000 channels 24X7 through Machine Learning (ML)- advanced automation capabilities.
Demand for Direct-to-Home (DTH) services and substantial increase in the number of subscribers in the past few years are significant factors driving revenue growth of the global shared satellite services market. EIN Newswire