The Global Satellite Modem Market is expected to grow by $ 139.96 mn during 2020-2024, progressing at a CAGR of 7% during the forecast period

Global Satellite Modem Market 2020-2024 The analyst has been monitoring the satellite modem market and it is poised to grow by $ 139. 96 mn during 2020-2024, progressing at a CAGR of 7% during the forecast period.

New York, Jan. 11, 2021 (GLOBE NEWSWIRE) — announces the release of the report “Global Satellite Modem Market 2020-2024” –
Our report on satellite modem market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing need to enhance offshore communication and rising spending on satellite communication by governments and public safety agencies. In addition, the increasing need to enhance offshore communication is anticipated to boost the growth of the market as well.
The satellite modem market analysis includes type segment, application segment and geographical landscapes.

The satellite modem market is segmented as below:
By Type

By Application
• Communications
• IP trunking
• Tracking and monitoring

By Geographical Landscapes
• North America
• Europe
• South America

This study identifies the growing need for satellite systems in 5G ecosystem as one of the prime reasons driving the satellite modem market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the satellite modem market covers the following areas:
• Satellite modem market sizing
• Satellite modem market forecast
• Satellite modem market industry analysis

Read the full report:

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