As per MRFR Analysis, the Enterprise VSAT Market is poised for significant growth, driven by increasing demand for broadband connectivity from business and government sectors. The market size is projected to rise from USD 7.75604 Billion in 2024 to USD 14.39 Billion by 2032, reflecting a CAGR of 8.03%. The market was valued at USD 7.1 Billion in 2023, indicating a robust expansion trajectory fueled by technological advancements and increased applications across various industries.
Key trends driving the Enterprise VSAT market include technological advancements and increased adoption across sectors.
Key players include General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., Marlink, Gilat Telecom, and Hughes Network Systems LLC.
The increased demand for broadband internet connectivity, particularly from business and government sectors are the key market drivers enhancing the market growth.
Figure1: Enterprise VSAT Market, 2018 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for enterprise VSAT is being driven by the rising advancement in technology. VSAT systems are extensively installed aboard ships to provide fast broadband connectivity for both personal communication and business activity. It is used in video conferencing and ERP in business and in streaming, video calling, and email in personal interactions. Enterprise VSAT is also used in surveillance apps to support defense forces in marine operations that require portable, lightweight, and tiny equipment and protect coastal regions. Ships should be properly linked to the rest of the world during long trips so passengers and crew can interact with loved ones and get information about ports and weather. VSAT systems can come in handy here. During the projected period, this will assist in boosting the enterprise VSAT market.
Increased use in the oil and gas sector, demand for a broadband data connection from the business and government sectors, increased enterprise VSAT application,demand for high VSAT bandwidth speed, technological advances in enterprise VSAT system, lower operating and investment costs, increased adoption of USATs for on-the-go applications, and increased use of Ka and Ku band VSATs are all factors contributing to the enterprise VSAT market size. Furthermore, technological improvements have significantly aided the corporate VSAT system industry. Enterprise VSAT provides a wide range of voice, video, and data communication and data services to users that are major enterprises or corporations. VSAT antennas are used for large amounts of data receipt and transmission, making them valuable for businesses. As a result, we anticipate that the enterprise VSAT system market will expand significantly throughout the projected period.
Governments worldwide are enabling mobile network providers to include the universal service obligation, allowing users to use cost-effective VSAT services. Increased Internet and voice-based service adoption will drive development in the worldwide enterprise VSAT market. Many government organizations have begun to use VSAT services and are also conducting e-governance initiatives, such as providing internet access to educational institutions in remote regions using VSAT technology. Satellites generate massive amounts of data, necessitating data analytics for vast amounts of unstructured data. End-users in the oil and gas, construction, and agricultural industries are expected to be able to collect and combine sensor data and make educated decisions using big data platforms. Adopting efforts from various governments to provide effective communication services is projected to boost growth in the worldwide enterprise VSAT market.Thus, driving the Enterprise VSAT market revenue.
The global Enterprise VSAT market segmentation, based on type, includes hardware and services. The services segment dominated the market, accounting for 69% of market revenue, because of the use of satellite internet connections in clinics and hospitals that enable direct communication and data sharing, as well as the adoption of such technologies by intelligence and security agencies to improve their data collection systems, allowing them to decipher data more accurately. These new advancements are intended to be integrated into service providers' operations. Globally, there is an increasing need for space infrastructure for networking, navigation, television and radio transmission, and remote sensing.
Based on Organization Size, the global Enterprise VSAT market segmentation includes small and medium enterprises and large enterprises. The small and medium enterprises generated the most income. The Enterprise VSAT System is a business and residential satellite communication system. VSATs transmit narrowband data such as RFID and credit card point-of-sale transactions. The interface is a barrier between the user's device and a transceiver-equipped antenna. Signals are detected and sent by the satellite transponder in the sky. VSAT is designed to transport video, audio, and data communications.
Figure 2: Global Enterprise VSAT Market, by Organization Size, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on end users, the global Enterprise VSAT market segmentation includes BFSI, IT, retail, entertainment & media, education, healthcare and others. The BFSI generated the most income. Banking and finance are isolated industries requiring a secure communication infrastructure that improves productivity while lowering operational expenses. Some of the transactions occur across various branches, necessitating a secure communication network to transport sensitive information. The demand for VSAT services is predicted to rise due to the need for a flexible communication platform to adapt novel technological solutions, the capacity of VSAT systems to react to data quantities, and the necessity for a secure connection in remote ATMs and branches.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Enterprise VSAT market area will dominate this market, Because of issues such as vegetation identification, disaster management in the case of storms and hurricanes, historical monument inspection, and volcano monitoring.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: GLOBAL ENTERPRISE VSAT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Enterprise VSAT market accounts for the second-largest market share. Most regional governments have universal access programs in the works, which will set aside funds and give subsidies to alleviate the region's lack of access to modern technologies. The development subsidies help to mitigate the initial capital cost of establishing wireless and satellite infrastructures. Further, the German Enterprise VSAT market held the largest market share, and The Enterprise VSAT market in the United Kingdom was the fastest growing in the European area.
The Asia-Pacific Enterprise VSAT Market is expected to grow at the fastest CAGR from 2023 to 2032. VSAT services are becoming more popular among SMEs as corporate VSAT networks expand, heralding the next growth stage for satellite services. The expansion of rural telecommunications, telemedicine, and distance education programs is predicted to drive regional growth. Most governments in the area have universal access programs, which are supposed to set aside cash and subsidies to address the issue of contemporary telecommunications access. Moreover, China's Enterprise VSAT market held the largest market share, and The Indian Enterprise VSAT market was the Asia-Pacific region's fastest-growing market.
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Enterprise VSAT market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Enterprise VSAT industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Enterprise VSAT industry to serve clients and expand the market sector. The Enterprise VSAT industry has provided some of the most important benefits recently. Major players in the Enterprise VSAT market, including General Mills Inc., Amway, Conagra Brands Inc.,
Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to increase market demand by investing in research and development operations.
Marlink seamlessly combines hybrid, future-ready network solutions, allowing the client to use the finest available connectivity and IT to drive digitalization and enable remote operations. A smart network solution that is customized to their needs. They intelligently combine network and digital solutions with active management to offer the greatest low-latency user experience, dependable application access and data flow for real-time operations, and strong cyber security.They give cloud access to mission-essential apps, manage their IT network, and provide real-time access to crucial operational data via IoT. All while enhancing user experience and optimizing application performance to help your digital transformation. In December 2020, Marlink will provide connectivity solutions for Manta Shipping. Marlink will provide high-throughput Ka-band VSAT with L-Band backup services, which will benefit from the company's increased network transparency and provide shore personnel and users with immediate information on the type of networks utilized for certain jobs. In reality, this technology will assist shore and ship workers in analyzing the use and prioritizing data-intensive downloads in the strongest areas of VSAT coverage.
GILAT Telecom specializes in providing end-to-end communication solutions to customers worldwide, including cellular operators, Internet service providers, enterprises, government organizations, and emergency and rescue services in Africa and the Middle East. They provide a unique network experience for our customers, assisting them in streamlining the process of onboarding new services with our managed services that include everything from networks and infrastructure to cloud-based SaaS, security, and support. In June 2020, Gilat Telecom and Airtel inked a satellite capacity-sharing deal for Africa. According to the conditions of this agreement, both companies will use each other's satellite footprint to service customers across Africa.
In May 2024, Eutelsat Group decided to debut more collaboration with the African Satellite Services provider InterSAT to further strengthen InterSAT’s reach to the Pan-African business and retail markets. In particular, this business relationship, which has run for a number of years, involves the integration of Ku-band services to the Central and Eastern regions of the African country through the SATELLITE constructed by Eutelsat. Eutelsat-70B is aimed at enhancing the current service provided by InterSAT.
A new global deal enhances the partnership between Satcom Global and Intelsat in April 2024. This partnership extends the coverage and functionalities of the AuraNow VSAT solution that is offered by Satcom Global through the Ku-band offer of Intelsat. AuraNow allows businesses to fulfill their satellite communication requirements with outstanding versatility and exceptional future growth.
In September 2023, L3Harris Technologies, Inc. was given a 5 contract expected to pay out USD 125.1 million with the Defense Logistics Agency that involved the provision of spares and repair of Very small aperture terminal transmission systems that the company had manufactured.
In March 2022, Hughes Network Systems, LLC (HUGHES) showcased two new technologies at the SATELLITE 2022 trade event, which has its location in Washington, D.C. Hughes started new technology that integrates Geostationary (GEO) satellites with LTE transports that provide a single high-speed broadband internet with low latency for the people. Hughes later demonstrated its new technology for electronically controlled low-profile antennas, including an anti-one-web low Earth Orbit (LEO) connectivity services antenna prototype.
In February 2022, Sivan Miller, Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions, and services, standardized their business progress with SES. SES had opted for the SkyEdge IV platform by Gilat to carry out operations with its SES-17 Satellite, a very high Throughput Satellite (VHTS) to offer fixed as well as mobile services.
In January 2022, KVH Industries disclosed that ScanReach, an owner of advancing technologies on wireless solutions, centers on connectivity on board, more so in the steel vessel environment. He had joined the KVH Watch Solution Partner program to market RCVD watch cloud connect services. Significant bandwidth wireless technology from ScanReach allows data to be transmitted throughout the vessel without the use of wires. Together with KVH Watch Cloud Connect, such data may be sent to the cloud for further promising analysis to optimize vessel performance.
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 7.1 Billion |
| Market Size 2024 | USD 7.75604 Billion |
| Market Size 2032 | USD 14.39 Billion |
| Compound Annual Growth Rate (CAGR) | 8.03% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Organization Size,Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Omniaccess (Spain) Skycaster LLC (US) Gigasat (US) Comtech Telecommunications Corporation (US) Global Eagle (US) Viasat Inc (US) Newtec (Belgium) VT iDirect (US) Gilat Satellite Networks (Israel) Singtel (Singapore) Hughes Network Systems LLC (US) |
| Key Market Opportunities | Rising Number of LEO-HTS Constellations to Offer Robust |
| Key Market Dynamics | Increased Adoption in Maritime Industry to Bolster Market Growth |
Enterprise VSAT Market Highlights:
Frequently Asked Questions (FAQ) :
The global Enterprise VSAT market size was valued at USD 7.1 Billion in 2023.
The global market is projected to grow at a CAGR of 8.03% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Omniaccess (Spain) Skycaster LLC (US) Gigasat (US) Comtech Telecommunications Corporation (US) Global Eagle (US) Viasat Inc (US) Newtec (Belgium) VT iDirect (US).
The Hardware dominated the market in 2022.
The Small and Medium Organization had the largest share in the global market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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