PUBLISHER: The Business Research Company | PRODUCT CODE: 1387638
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387638
“Satellite & Telecommunication Resellers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on satellite & telecommunication resellers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for satellite & telecommunication resellers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The satellite & telecommunication resellers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Satellite telecommunication refers to the use of artificial wireless satellites to enable radio, television, and telephone communications across the Earth.
The primary categories of satellite and telecommunications resellers encompass satellite telecommunications, telecommunication resellers, and other satellite and telecommunication resellers. Satellite telecommunications involve the utilization of artificial wireless satellites to facilitate the transmission of radio, television, and telephone signals around the globe. These technologies find applications in various settings, including residential and commercial use. Key components of this field comprise equipment and services.
The satellite and telecommunications resellers market research report is one of a series of new reports from The Business Research Company that provides satellite and telecommunications resellers market statistics, including satellite and telecommunications resellers industry global market size, regional shares, competitors with a satellite and telecommunications resellers market share, detailed satellite and telecommunications resellers market segments, market trends and opportunities, and any further data you may need to thrive in the satellite and telecommunications resellers industry. This satellite and telecommunications resellers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The satellite & telecommunication resellers market size has grown strongly in recent years. It will grow from $324.09 billion in 2023 to $341.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed during the historical period can be attributed to factors such as the expansion of global connectivity, rising levels of data consumption, the emergence of new markets, government initiatives and policies, and developments in space exploration.
The satellite & telecommunication resellers market size is expected to see strong growth in the next few years. It will grow to $432.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The projected growth in the forecast period can be attributed to the expansion of low Earth orbit (LEO) constellations, integration with 5G technology, an increased focus on cybersecurity, and the globalization of markets. Notable trends in the forecast period encompass the rise of LEO constellations, the provision of satellite internet services, the growth of IoT (Internet of Things) and M2M (Machine-to-Machine) connectivity, and a diversification of service offerings.
Governments worldwide are increasingly investing in the development of smart cities. The European Union, for instance, is actively promoting smart city initiatives and providing funds for research while setting sustainability targets for member states. The concept of smart cities is also on the rise in developing nations, with China and India alone planning nearly 300 smart city pilots. These ambitious projects will necessitate cutting-edge telecommunications networks, which is expected to be a significant driver for the growth of the satellite and telecommunication resellers market in the foreseeable future.
The growing impact of digitization is a driving force behind the wireless technologies and equipment market. Digitization involves converting information from analog to digital format, and it's fostering the demand for wireless connectivity hardware, including routers, switches, modems, and wireless sensor networks. For example, according to a World Economic Forum article in April 2023, the combined societal and industrial value of digitization is projected to reach $100 trillion by 2025. Hence, the increasing influence of digitization is set to propel the wireless technologies and equipment market.
In developing countries, competition among internet service providers to secure a significant market share by offering low-cost internet services is expected to put pressure on the revenue generation of the satellite and telecommunication resellers market in the forecast period. Price wars among these providers are impacting the average revenue per user earned by telecom companies. Notably, the provision of affordable internet by Reliance Jio, which helped the company rapidly expand its customer base, is projected to result in net losses of $147 million-$364 million for Vodafone and net losses of $11.8 million-$177 million for Bharti Airtel. The decline in per-user revenues due to these price wars in emerging economies is unlikely to be offset by the increase in the number of users, thereby restraining the growth of the telecoms market in the forecast period.
Leading companies in the satellite and telecommunications resellers market are actively focused on the development of satellite-based solutions capable of supporting two-way messaging as a means to gain a competitive advantage in the market. This type of solution enables communication in both directions, facilitating data transmission from a sender to a receiver and vice versa through satellite connections. A recent example is Qualcomm Incorporated, a US-based provider of wireless technology-related semiconductors, software, and services. In January 2023, Qualcomm launched Snapdragon Satellite, the world's first satellite-based two-way messaging solution for premium smartphones. Snapdragon Satellite leverages the Iridium network, consisting of low-Earth orbital satellites traveling at 17,000 mph. Its pole-to-pole coverage ensures it can reach nearly every corner of the globe.
Major companies operating in the satellite & telecommunication resellers market include Tata Consultancy Services Limited, Nippon Telegraph and Telephone Corporation, Telefonaktiebolaget LM Ericsson, Cisco Systems Inc., Infosys Limited, SES SA, Intelsat SA, Hughes Network Systems LLC, Eutelsat SA, Arqiva Limited, Telesat Canada, Speedcast International Limited, Telespazio SpA, Encompass Digital Media Inc., Hispasat SA, Globecast SA, Liquid Intelligent Technologies Limited, Russian Satellite Communications Company, Telstra Group Limited, Measat Global Berhad, Thaicom Public Company Limited, Emirates Integrated Telecommunications Company PJSC, Gazprom Space Systems Joint Stock Company, Viasat Inc., Cobham Limited, Gilat Satellite Networks Ltd., Inmarsat Global Limited, Iridium Communications Inc., Globalstar Inc., Thuraya Telecommunications Company.
Western Europe was the largest region in satellite & telecommunication resellers market in 2023. Asia-Pacific was the second largest region in satellite & telecommunication resellers market. The regions covered in the satellite & telecommunication resellers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the satellite & telecommunication resellers market report are: Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The satellite and telecommunications resellers market includes revenues earned by entities by purchasing access and network capacity from operators of telecommunications networks and reselling these services to businesses and households. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.