Technology

Satellite Internet Market size is set to grow by USD 7.04 billion from 2024-2028, Growing number of iot devices to boost the market growth, Technavio

Published

5 months ago

July 26, 2024

NEW YORK, July 26, 2024 /PRNewswire/ — The global satellite internet market size is estimated to grow by USD 7.04 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 20.99% during the forecast period. Growing number of iot devices is driving market growth, with a trend towards increasing deployment of 5G network. However, influence of bad weather on satellite internet poses a challenge. Key market players include ASELSAN AS, AT and T Inc., AXESS Network Solutions S.L., Cobham Ltd., EchoStar Corp., General Dynamics Corp., Honeywell International Inc., Hytera Communications Corp. Ltd., Indra Sistemas SA, Inmarsat Global Ltd., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo Spa, Marlink SAS, RTX Corp., SES SA, Singapore Telecommunications Ltd., SITA, Space Exploration Technologies Corp., Thaicom Public Co. Ltd., Thales Group, and Viasat Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (K-band, X-band, L-band, and C-band), End-user (Commercial and Non-commercial), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ASELSAN AS, AT and T Inc., AXESS Network Solutions S.L., Cobham Ltd., EchoStar Corp., General Dynamics Corp., Honeywell International Inc., Hytera Communications Corp. Ltd., Indra Sistemas SA, Inmarsat Global Ltd., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo Spa, Marlink SAS, RTX Corp., SES SA, Singapore Telecommunications Ltd., SITA, Space Exploration Technologies Corp., Thaicom Public Co. Ltd., Thales Group, and Viasat Inc.

Key Market Trends Fueling Growth

Telecommunication service providers and network device manufacturers are exhibiting growing interest in deploying 5G networks due to their larger bandwidth and ultra-fast Internet connectivity with low latency. These features will significantly enhance enterprise performance. However, satellite internet can complement 5G by providing backhaul services in areas where physical infrastructure installation is challenging. The increasing traffic and number of IoT devices outside densely populated cities also make satellite internet essential. These factors are expected to boost the global satellite internet market during the forecast period. The 5G network’s superior capabilities and satellite internet’s ability to extend connectivity to remote areas will drive market growth.

Satellite Internet market is on the rise, providing connection to remote places and rural areas where terrestrial networks fail. With speeds reaching Megabits per second, satellite communication offers high-speed broadband services in mountainous regions and over oceans. This global connectivity is crucial for digitized economies, public safety & security, and critical infrastructure. Healthcare organizations in remote areas benefit from telemedicine, enabling seamless communication between hospitals and patients. Broadband traffic is increasing, making satellite Internet an essential alternative for communities in need. Satellite telecommunications providers ensure seamless connectivity for maritime, aviation, and disaster management scenarios. The satellite industry bridges the digital divide, delivering broadband networks to areas previously unserved or underserved.

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Market Challenges

The satellite internet market faces a significant challenge due to temperature limitations affecting some systems. For instance, SpaceX’s Starlink constellation shuts down when temperatures reach 122 degrees Fahrenheit and resumes operation at 104 degrees Fahrenheit. This issue poses a problem for potential customers residing in hot areas, potentially rendering satellite internet systems ineffective during warm periods. Vendors must prioritize developing climate-adaptive satellite internet systems to cater to diverse environmental conditions and meet customer demands, ensuring a viable solution for the global satellite internet market.The Satellite Internet Market faces several challenges in providing real-time communication and high-quality digital services. Satellite technology advancements, such as high-capacity satellite constellations, are essential to improve bandwidth capabilities and increase internet speeds for better user experience. However, bandwidth limitations and infrastructure challenges remain, especially in areas affected by natural disasters. OneWeb and Eutelsat merger aim to expand satellite capacity and improve data transfer rates, but cost remains a significant barrier. Satellite operators, integrators, service providers, investors, and funders collaborate to address infrastructure challenges and offer up-to-date information and high-speed network connectivity. Satellite infrastructure is crucial for educational opportunities, healthcare services, economic development, communication capabilities, social inclusion, and equality. However, satellite capacity congestion and network management systems require international coordination. Satellite Internet is vital for Marine connectivity, especially in remote areas, and for businesses in Orbit, LEO, and Wireless network industries. Satellite dishes provide access to Earth’s high-speed internet, offering alternatives to land-based broadband services like Cable, Voice, and Video. Satellite technology continues to evolve, offering opportunities for investors, funders, and service providers to meet the growing demand for reliable and affordable satellite internet.

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Segment Overview

This satellite internet market report extensively covers market segmentation by

Type 1.1 K-band1.2 X-band1.3 L-band1.4 C-bandEnd-user 2.1 Commercial2.2 Non-commercialGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 K-band- The K-band segment holds a significant market share in the global satellite internet industry. This growth can be attributed to the increasing usage of K-band frequency in defense, broadcasting, and security radar systems. K-band monolithic microwave integrated circuits (MMICs) are a rising trend, enabling the production of low-noise amplifiers and K-band power amplifiers at large scale, with lower costs and high durability. These advancements are anticipated to boost the market expansion during the forecast period. K-band frequency is primarily utilized for wireless broadband access in remote locations and is employed in local-multipoint distribution systems (LMDS), fixed satellites, and digital point-to-point radio services. K-band MMICs are increasingly adopted in applications such as terrestrial microwaves, broadcasting, communications, and speed detectors. For instance, China Aerospace Science and Technology Corporation (CASC) launched Chinasat 19, a high-power communications satellite, in November 2022, which utilizes K-band frequency for broadband internet services. Additionally, Viasat delivered 22 Ka-band gateways to India between October 2020 and October 2022, facilitating connectivity in underserved areas during the COVID-19 pandemic. These factors are expected to fuel the growth of the K-band segment in the global satellite internet market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Low-Cost Satellite Market is witnessing significant growth, driven by advancements in technology and increasing demand for cost-effective space solutions. The Leo-Satellite Market is expanding rapidly, with low Earth orbit satellites gaining prominence for their ability to provide global internet coverage and real-time data. Additionally, the Satellite Phone Market is evolving, fueled by the need for reliable communication in remote areas. Together, these markets highlight a trend towards more affordable and accessible space technologies, promising enhanced connectivity and communication capabilities worldwide.

Research Analysis

Satellite Internet, a vital component of satellite communication, offers global connectivity with high-speed capabilities, bridging the digital divide in remote areas. Space technology enables this service, providing uninterrupted communication networks in regions where terrestrial infrastructure is lacking. With increasing bandwidth capabilities, satellite Internet is becoming a viable alternative for businesses and individuals in various sectors, including education, healthcare, and economic development. OneWeb and Eutelsat’s merger are recent developments in the industry, focusing on expanding their reach and improving network management systems. However, challenges such as congestion, natural disasters, and infrastructure limitations persist. International coordination and collaboration are essential to ensure efficient use of resources and mitigate potential issues. Additionally, satellite Internet plays a crucial role in Marine connectivity, enhancing communication capabilities and social inclusion. The industry continues to evolve, with satellite operators exploring new Orbits, such as Low Earth Orbit (LEO), to improve performance and reduce latency.

Market Research Overview

Satellite Internet refers to high-speed connection networks that utilize satellite communication for global connectivity. This technology provides seamless communication in remote locations, maritime, and aviation industries, as well as during disaster management and emergency response scenarios. Satellite technology advancements, such as high-capacity satellite constellations, have increased bandwidth capabilities, enabling real-time digital services. However, satellite infrastructure faces challenges, including cost, infrastructure limitations, and congestion. Satellite Internet is crucial for bridging the digital divide in rural areas and mountainous regions, offering alternatives to terrestrial networks like cable and DSL. With the advent of OneWeb, Eutelsat merger, and other satellite operators, satellite capacity is expanding, leading to improved user experience and increased internet speeds. Satellite technology is essential for various sectors, including education, healthcare services, economic development, and social inclusion. It enables up-to-date information transfer, real-time communication, and critical infrastructure protection. Satellite Internet is also vital for public safety & security, broadband networks, and businesses operating in oceans, mountains, and remote places. Satellite infrastructure development requires international coordination, investors, funders, integrators, and service providers. The integration of wireless networks, such as LEO (Low Earth Orbit) and GEO (Geostationary Earth Orbit), is crucial for providing high-speed network connectivity to meet the demands of the digitized economy. Satellite Internet offers significant benefits, including improved communication capabilities, increased social inclusion, and equality. However, it faces challenges, such as bandwidth limitations, satellite infrastructure costs, and natural disasters. Despite these challenges, satellite technology continues to advance, offering promising solutions for providing internet access to underserved areas and industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeK-bandX-bandL-bandC-bandEnd-userCommercialNon-commercialGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Who’s Working Remotely? Virtual Vocations Survey Highlights Evolving Jobseeker Demographics

Published

11 hours ago

December 27, 2024

This survey underscores the diverse backgrounds and experiences of remote jobseekers, highlighting the growing demand for flexible work arrangements across various demographics.

TUCSON, Ariz., Dec. 27, 2024 /PRNewswire-PRWeb/ — With over 500 participants from the U.S. (69%) and international locations (31%), Virtual Vocations‘ 2024 demographics survey offers valuable insights into the evolving landscape of remote work. By comparing responses across these groups, the survey highlights shared experiences and unique challenges faced by jobseekers worldwide.

“Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Although Virtual Vocations is a U.S.-based company, it supports international jobseekers through its fully remote job board and career resources, addressing the global demand for remote work opportunities. The company frequently receives inquiries from international members seeking to access fully remote roles, punctuating the worldwide appeal of flexible work arrangements.

“The 2024 demographics survey results reinforce what we’ve known for years—professionals around the world are seeking flexibility, balance, and opportunities to work from home,” said Virtual Vocations CEO Laura Spawn. “Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.”

Fully Remote Jobs Remain Most Desired

A significant 43% of U.S.-based jobseekers and 42% of international respondents named fully remote, no-travel jobs as their top preference. These roles, which allow employees to work entirely from home, offer flexibility, aligning with both personal and professional goals. Although occasional in-person requirements may arise, fully remote roles are favored over hybrid, partially remote, and “work from anywhere” options. These positions provide businesses with access to a broader talent pool and enable employees to prioritize workplace values and culture.

Top Industries for Remote Jobseekers

The survey also highlights four key industries attracting remote jobseekers worldwide. Information Technology (IT) stands out as the leading industry for remote roles, with significantly more job postings than any other field. Healthcare follows closely, benefiting from the growth of telehealth and remote medical roles. Customer service offers engaging opportunities for professionals interested in client interaction, while education presents a wide array of roles in online teaching, tutoring, and instructional design, fueled by the expansion of virtual learning.

Jobseekers’ Common Frustrations

Both U.S. and international jobseekers shared frustrations, particularly with online job scams. Jobseekers expressed dissatisfaction with the prevalence of scams, especially when searching for work-at-home positions. Despite relying on online job boards, only a quarter (23% of U.S. respondents and 24% of international respondents) use dedicated remote job boards, like Virtual Vocations, where job postings are thoroughly vetted to ensure they are free of scams. Additionally, many jobseekers expressed frustration with excessive job requirements and employers failing to provide feedback or “ghosting” applicants during the hiring process, with one-third of respondents from both groups reporting these issues.

Income Insecurity: A Global Concern

Income insecurity remains a pressing issue for both U.S. and international jobseekers, with many reporting their earnings as insufficient for comfortable living. Sixty-five percent of U.S. respondents and 77% of international respondents reported inadequate household incomes. Nearly half (48%) of U.S. jobseekers earn less than $60,000 annually, while 68% of international jobseekers earn under $30,000. To improve financial stability, many jobseekers have set income targets, with 30% of U.S. jobseekers aiming for $60,000–$89,999 and another 30% targeting at least $120,000. In contrast, international respondents generally require lower salaries, with 38% seeking $30,000–$59,999 and 32% aiming for $60,000–$89,999.

For a comprehensive analysis and additional insights, read the full demographics survey report here: https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/remote-work-demographics-survey-results-2024/

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

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SOURCE Virtual Vocations, Inc.

Technology

Judge Baker Children’s Center d/b/a The Baker Center for Children and Families Provides Notice of Data Security Incident

Published

11 hours ago

December 27, 2024

BOSTON, Dec. 27, 2024 /PRNewswire/ — Judge Baker Children’s Center d/b/a The Baker Center for Children and Families (“The Baker Center”), a nationally recognized provider of services for children’s mental health, has learned of a data security incident that may have impacted certain personal and / or protected health information. On December 27, 2024, The Baker Center formally notified potentially affected individuals with available address information and provided resources to assist them.

On July 28, 2024, The Baker Center discovered unusual activity within its local digital storage environment. After taking immediate steps to ensure the environment was secure, The Baker Center enlisted independent cybersecurity experts to conduct an investigation to determine what happened and whether sensitive information may have been impacted. According to the investigation, an unauthorized actor gained access to The Baker Center’s systems between July 26 – 28, 2024 and may have downloaded certain files. Following a thorough review of the impacted files, on October 28, 2024, The Baker Center determined that certain individuals’ personal and/or protected health information was potentially impacted during the incident.

The information affected during this incident varies between individuals but may have involved the following: name, address, date of birth, Social Security number, driver’s license or other government identification number, financial account information, health insurance information, medical treatment or diagnosis information, and/or clinical information.

On December 27, 2024, The Baker Center mailed notification letters to potentially impacted individuals with verifiable address information. The letters include information about this incident and about steps that potentially impacted individuals can take to monitor and help protect their personal and protected health information. The Baker Center has established a toll-free call center to answer questions about the incident and to address related concerns. The call center can be reached at 844-920-8988, Monday through Friday from 9:00 AM to 9:00 PM Eastern time.

The Baker Center takes the security and privacy of information in its possession very seriously and is taking steps to prevent a similar event from occurring in the future. The Baker Center deeply regrets any inconvenience or concern this incident may cause.

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SOURCE The Baker Center for Children and Families

Technology

outboundIQ Achieves Certified Implementation Partner (CIP) Status with Five9

Published

12 hours ago

December 27, 2024

Delivering Optimized, Outbound-Focused Contact Center Solutions for Modern Businesses

LAUDERDALE LAKES, Fla., Dec. 27, 2024 /PRNewswire/ — outboundIQ www.outboundiq.com proudly announces its accreditation as a Five9 Certified Implementation Partner (CIP), a distinction that reflects its deep expertise in optimizing and streamlining outbound-focused contact center operations. With a team of seasoned Five9 veterans, expert programmers, and industry thought leaders, outboundIQ is uniquely equipped to help businesses of all sizes unlock the full potential of Five9’s Virtual Contact Center platform.

Optimized Solutions for Complex Contact Center Needs
outboundIQ specializes in providing expedited, outbound-focused contact center implementations, integrating advanced features such as inbound and outbound Voice, SMS, Chat, Email, Salesforce Integration, and other third-party app integrations. Clients can also leverage ongoing optimization engagements and monthly retainers for strategic consulting designed to support long-term, outreach-focused success.

“Who better to handle your domain configuration than the experts that understand the outbound contact center world. To be an outbound expert, you must know 3 things; how to configure the domain front end, how the architecture interprets that design, and how carriers respond to your dialing behavior as a result of the build. outboundIQ has the advantage of deeply understanding all 3 things. Our experts are seasoned professionals that will guide toward the best build for your business. You tell us about your business, your needs and your processes, and we will build you a domain fit for purpose. outboundIQ offers best in class Domain Optimization, Implementation and Consulting for customers of all sizes and complexity. Due to our methodology and proprietary automations, we are able to bring our customers’ projects to life within accelerated timeframes.”

– Jessica Clay, VP Support and Services

“We launched our business in June and were fortunate to connect with the incredible team at outboundIQ early on. Navigating the world of outbound calling and building efficient prospecting systems isn’t easy, but the entire team at outboundIQ brought our vision to life seamlessly. They implemented our ideas quickly and executed them flawlessly. Since partnering with them, our contact rates have significantly improved, our conversions have increased, and our overall business is thriving. We’re deeply grateful for this collaboration and look forward to continuing our work together on future endeavors!”

– Tim, Lit Financial

“I genuinely don’t know enough ways to thank the entire outboundIQ team. I inherited a domain riddled with mistakes, tangled beyond belief, and I had essentially planned to scrap the whole thing and start over. That’s when this team, led by Jessica Clay’s brilliance, took over to understand exactly what I wanted to create and completely revitalized my domain. We are all beyond thankful as they continue to consult for us to this day and I see no reason to stop. Thank you, Jessica, Jason, Rudy, Bruno, Sandy and everyone who gets the pleasure of working with these domain geniuses!”

– Michael, Lifetime Home Remodeling

A Holistic Approach to Outbound Excellence
Creating a competitive, consumer-focused outreach program requires more than just advanced technology. As outboundIQ explains, a thriving contact center functions like a high-performing racing team:

The Car: Five9 Virtual Contact Center provides a cutting-edge technology foundation.The Driver: Strong Dialer Administrators who skillfully manage operations.The Pit Crew: IT/Support teams ensuring seamless functionality.The Spotters: Data Analytics and Reporting experts optimizing performance.The Fuel: High-quality data driving better outcomes.

outboundIQ’s professional services team brings these critical elements together, ensuring clients achieve best-in-class outbound operations that prioritize consumer experience while maintaining a competitive edge.

A Call to Collaboration
With its new CIP certification, outboundIQ invites businesses to explore select partnership opportunities and projects to reimagine their contact center operations. Whether through expedited implementations or ongoing strategic consulting, outboundIQ is committed to driving measurable results for its clients.

About outboundIQ
outboundIQ delivers optimized, outbound-focused contact center implementations, combining years of Five9 expertise with cutting-edge strategies to help businesses achieve exceptional outreach outcomes. As a Five9 Certified Implementation Partner, outboundIQ provides tailored solutions to meet the unique needs of modern organizations.

About Five9
Five9 is a digital enterprise’s leading cloud contact center and software provider. The Five9 Intelligent CX Platform is reliable, secure, compliant, and scalable, designed to create exceptional personalized customer experiences.
www.five9.com

Media contact:
Sandy Tafur
Phone: 404-660-5314
mail: sandy@outboundiq.com

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SOURCE outboundIQ