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Satellite & Telecommunication Resellers Global Market Report 2021: COVID 19 Impact and Recovery to 2030

ReportLinker
·3 min de lecture

Major companies in the satellite and telecommunications resellers market include AT&T; América Móvil (TracFone); Virgin Mobile; T-Mobile (MetroPCS) and Ultra Mobile. The global satellite & telecommunication resellers market is expected to grow from $273.

New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Satellite & Telecommunication Resellers Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018775/?utm_source=GNW
57 billion in 2020 to $282.58 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $370.63 billion in 2025 at a CAGR of 7%.

The satellite and telecommunications resellers market consists of sales of satellite and telecommunications services by entities (organizations, sole traders and partnerships) that purchase access and network capacity from operators of telecommunications networks and resell these services to businesses and households. The satellite and telecommunications resellers market is segmented into satellite telecommunications; telecommunication resellers and other satellite & telecommunication resellers.

Western Europe was the largest region in the global satellite & telecommunication resellers market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region accounting for 32% of the global satellite & telecommunication resellers market. Africa was the smallest region in the global satellite & telecommunication resellers market.

The impact of digitization is driving the use of wireless technologies and equipment. Rising data traffic, growth in public WiFi and emerging 4G and 5G technologies are stimulating the growth of wireless equipment in developed and emerging countries. Also, many companies are shifting from traditional communications systems such as fixed line technologies to more advanced wireless and mobile technologies. For instance, according to a report by National Center for Health Statistics, 41% of the American households were wireless only by the end of 2013, thereby indicating a decrease in wireline usage.

Competition among internet service providers in developing countries to gain a major share of the market by offering low-cost internet is expected to restrain the revenue generation of the satellite and telecommunication resellers market in the forecast period. Price wars among internet service providers are negatively affecting the average revenue per user earned by telecoms providers. For example, Reliance Jio’s provision of affordable internet that helped the company gain a large customer base in a short period of time is expected to cause net losses of $147 million-$364 million for Vodafone and net losses of $11.8 million-$177 million for Bharti Airtel. The drop in the revenues generated per user due to price wars among telecoms providers in emerging economies will not be compensated by the size of the increase in user numbers and so is expected to restrain the growth of the telecoms market in the forecast period.

Governments around the world are increasingly investing in developing smart cities. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is also rising in developing nations. In China and India alone, almost 300 smart city pilots are currently planned. These projects will require state-of-the-art telecoms networks. This will act as a major driver of the growth of the satellite and telecommunication resellers market going forward.

Read the full report: https://www.reportlinker.com/p06018775/?utm_source=GNW

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