TMCnet News
Satellite Services Market to Reach $144.5 Bn, Globally, by 2026 at 2.2% CAGR: Allied Market ResearchPORTLAND, Oregon, Oct. 7, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Satellite Services Market by Type (Consumer Services, Fixed Satellite Services, Mobile Satellite Services, Remote Sensing, and Space Flight Management Services) and End-User Industry (Media & Entertainment, Government, Aviation, Defense, Aerospace, Retail & Enterprise, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global satellite services industry garnered $126.5 billion in 2018 and is estimated to generate $144.5 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026.  Top determinants for growing market Huge demand for high-resolution imaging services and preferences for managed network services drive the growth in the global satellite services market. However, decline in demand for television services from developing countries hinder the market growth. On the other hand, untapped potential in developing nations create new pathways in the industry. Up to 25% Discount for a limited period, Inquire Now! https://www.alliedmarketresearch.com/purchase-enquiry/6075 Consumer services type to dominate during the forecast period Based on type, the consumer services type accounted for the highest market share in the global satellite services market in 2018, accounting for nearly four-fifths of the total share, and is estimated to dominate during the forecast period. This is due to huge consumer base in developing & developed regions and the high demand for television and broadband services in LAMEA. On the other hand, the fixed satellite services segment would register the highest growth rate with a CAGR of 3.0% from 2019 to 2026, owing to rise in demand for managed network services from the aviation industry, especially in developed countries. Media & entertainment segment to maintain its lead by 2026 Based on end user, the media & entertainment segment held nearly one-fourth of the total market share of the global satellite services market in 2018, and is projected to maintain its lead during the forecast period. This is attributed to massive consumer base in the developed countries and surge i demand for DTH services in the Middle East and Latin America. Contrarily, the retail & enterprise segment is expected to register the highest growth rate with a CAGR of 2.9% from 2019 to 2026. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6075 North America to continue its lead position during the forecast period Based on region, North America held the major market share, accounting for nearly half of the total share of the global satellite services market in 2018, and will continue its lead position during the forecast period. This is attributed to the U.S. being the largest consumer in the defense and government sector along with presence of major players. On the other hand, Asia-Pacific is estimated to register at the highest growth rate with a CAGR of 3.3% from 2019 to 2026, owing to huge consumer base of television and broadband services, increase in demand for a fixed broadband connection in the commercial sector, and growth of the IT & services sector. Leading Market Players
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. Similar Reports: Small Satellite Market will be Worth $15,686.3 Million by 2026 Commercial Satellite Imaging Market to Garner $8,109.8 Million by 2026 About Allied Market Research Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa
SOURCE Allied Market Research 
|
View original content: