Internet access is an integral part of the human necessity, owing to its immense impact on social and economic developments in a region or community. However, approx. 50% of the world’s population still do not have Internet access, creating a greater digital divide across regions. This inequality is significant between developing and developed regions, where.
The interplay between Exploration and Exploitation is critical for the long-run performance of a solution, company, or sector. Enterprise VSAT market revenues have plateaued with long exploitation of the conventional satellite connectivity offerings and hence, the industry had been in exploration for next-gen technologies, products or solutions to push the segment’s topline on the growth.
Against the COVID-19 odds, in 2020 a significant level of affirmation has been achieved with multiple players achieving key milestones with their developments and contract awards. These advancements are likely to set a pace for Non-GEO Satcom markets, especially in the fixed VSAT segment, driving both service and equipment revenues in the mid and long.
[NSR] shares insights from [their] recently published, VSAT and Broadband Satellite Markets – 19th Edition report. “The Non-GEO Satcom market is transitioning from the speculation phase to the affirmation phase given the ongoing industry developments and new contracts. 2021 & 2022 will be key as the segment progresses towards service rollouts in the larger opportunity.
NSR’s VSAT and Broadband Satellite Markets 19th Edition report, released today, finds a resilient market, despite near term COVID-19 challenges and changing Key Performance Indicators.