Broadband Satellite Services Market to Exceed $6.4 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Broadband Satellite Services market. Global market for broadband satellite services is expected to witness steady growth, fueled by growing user expectations and huge growth of Internet services at the global scale. With the capability of satellites to serve multiple users and provide an economical solution to the problem of 'last mile', broadband satellite services market is projected to reach $6.4 billion by the year 2015.
San Jose, CA (PRWEB) June 25, 2009 -- High-speed networking is witnessing phenomenal rise in demand over the past few years. With several new and innovative applications utilizing the existing bandwidth and continue to drive the requirement for higher rates, broadband satellite services market would play a pivotal role in the coming years. Next generation satellite systems are expected to equip total capacity in gigabit per second and it is likely that systems in the future would feature capacities in the range of terabits.
Despite robust growth in capacity, satellite systems do not stand any chance against their terrestrial alternatives (fiber optics systems) in terms of capacity offered. Nevertheless, considering the novel features and unmatched advantages of satellite systems such as global coverage, ubiquity of service, and multicasting, with respect to contents and access, satellite broadband assures an increasingly dominant role in numerous applications. In the present scenario, terrestrial networks dominate the market for broadband services. However, satellites are most suitable for broadband applications that require provision of services, such as software distribution and multimedia videoconferencing, to multiple sites spread across distant locations. Satellites can be very effective in providing interconnectivity between high-speed networks dispersed widely across various geographic locations.
Satellite broadband services industry reserves a huge growth potential considering the fact that a majority of potential consumers across the globe are void of access to wire line broadband services. Consumers falling in this group pose principal targets for satellite broadband Internet services. The satellite broadband's capability to extend unique services such as rural telephony, e-distance learning, and telemedicine services is enticing the prospective market participants in a major way. Several governments in different parts of the world are opting for satellite services to reinforce broadband networks in their respective regions.
Globally, the number of subscribers and sites for broadband satellite services is expected to surpass the 3 million mark by 2010. North America is expected to continue its dominance in the market. Europe is expected to post the fastest compounded annual growth rate (CAGR) over the period 2006-2015. North America also dominates the global broadband satellite services in terms of revenues.
Key players dominating the global broadband satellite services market include Asia Satellite Telecommunications Company Limited, Eutelsat Communications, Globecomm Systems Inc., Hughes Network Systems LLC, Intelsat Ltd., KT Corporation, Loral Space & Communications Inc., Telesat Canada, Optus, Satlynx, SES S.A., Skyway.Net GmbH, SKY Perfect JSAT Holdings Inc., Spacenet Inc., Tachyon Networks Inc., Thaicom Public Company Limited, ViaSat Inc., and WildBlue Communications Inc., among others.
The report titled "Broadband Satellite Services: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. The report analyzes market data and provides analytics in terms of number of subscribers & sites, and dollar sales over the time period 2006-2015. Analysis is presented for established and emerging markets including North America, Europe, Asia-Pacific, Latin America and Rest of World.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Broadband_Satellite_Services_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com/
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