Global Enterprise VSAT SATCOM Market to be Worth USD 7.55 Billion by 2025
According to a report published by Reportbuyer, the global enterprise VSAT satcom market is expected to reach USD 7.55 billion by 2025, growing at a CAGR of 4.4%. The rising number of enterprises coupled with rapid digitalization are expected to drive the demand for Very Small Aperture Terminals (VSATs) over the projected period. The forecasts were made in Reportbuyer’s latest market report, Enterprise VSAT Satellite Communication System Market Size and Forecast, By Solution (Service, Product), By Vertical (Banking, Retail, Energy, Government) And Trend Analysis, 2014 – 2025.
Over the past few years, freight trade has grown on account of increasing volume of goods being exported and imported. Emergence of China and India as some of the prominent global manufacturing hubs has resulted in establishment of trade routes from Asia Pacific to other parts of the world. In addition, low price of finished goods from these countries has provided an impetus to expansion of trade routes from Asia Pacific to Europe and North America. Usage of VSAT for communication on a moving ship will add to the growth of the market in the forthcoming years. Click here to read more.