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Increasing Demand for Higher Data Rates Driving Growth in the Global Maritime VSAT Market

Reportstack has announced a new market research report on the Global Maritime VSAT Market 2014-2018. One major trend emerging in the market is the adoption of IP-based applications. Most organizations are growing their business and are turning to bigger enterprises, thereby creating a need for IP-based applications for better logistics management with real time reporting.

The major vendors in the Global Maritime VSAT Market 2014-2018 include Harris CapRock Communications Inc., Hughes Satellite Systems Corp., Inmarsat plc, KVH Industries Inc., RigNet Inc., ViaSat Inc. and VT iDirect Inc.

VSAT is communication terminal that transmits and receives text, audio, and video data using satellite broadband internet services. A VSAT network comprises a main station or hub and other sites located at remote places, which communicate with the satellite. These networks provide good wireless broadband connectivity in remote areas where wireline connectivity is not possible.

“The increasing demand for higher data rates is driving the VSAT terminal vendors to develop and introduce new product models that can support the services demanded by customers,” .

“The increase in demand for VSAT services propels the number of satellites being launched to support maritime VSAT services.”

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To access full report with TOC, please visit Global Maritime VSAT Market 2014-2018.