Shared Bandwidth VSAT Systems to Be Most Sought-after, Accounting for Nearly Two-third Demand: Persistence Market Research

Key Takeaways from Enterprise VSAT Market Study

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"Key players are focusing on continuous development and implementation of new solutions such as enterprise VSAT technology and VSAT satellite technology for access in remote locations and improved WAN & Internet connectivity performance, which is proliferating opportunities for the enterprise VSAT market," says a Persistence Market Research analyst.

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Impact of COVID-19 on Enterprise VSAT Market

The COVID-19 pandemic outbreak has disrupted many industries, including the enterprise VSAT market. The spread of COVID-19 has affected adoption in Europe, Asia, and North America, and partially in the Middle East, Africa, and Latin America. Several facilities have been affected due to the halt of construction and supply chain-related challenges.

The COVID-19 pandemic has pushed enterprise VSAT solution providers to rapidly shift gears, from addressing work-from-home requirements to managing extreme swings in demand and uncertain supply chains. For COVID-19 response, enterprise VSAT is being used by different industries to receive and transmit real-time data through satellites. VSAT transmits narrow broadband signals to orbital satellites, and then from these satellites, data is transmitted to various hubs in other locations around the globe. The enterprise VSAT market increased by 9% in 2019, and is estimated to grow by 9.5-10% in 2020-2021. In response to the COVID-19 pandemic, cloud service providers are taking special measures to meet rising customer demand for cloud usage, due to sudden increase in the remote-first workforce.

More Valuable Insights on Enterprise VSAT Market

A new market research report published by Persistence Market Research (PMR) on the global enterprise VSAT market includes global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of component (hardware [VSAT outdoor units (ODUs) and VSAT indoor units (IDUs)] and services [professional services, system integration & implementation, installation & repair, network testing & configuration, and support & maintenance]), type (dedicated bandwidth VSAT systems and shared bandwidth VSAT systems), enterprise size (small & medium enterprises (SMEs) and large enterprises), and industry (healthcare, education, retail, telecom & IT, media & entertainment, BFSI, and others), across six major regions.

Browse Research Release at: https://www.persistencemarketresearch.com/market-research/enterprise-vsat-market.asp

Browse End-to-end Market: IT and Telecommunication

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