The Business Research Company’s Satellite & Telecommunication Resellers Global Market Report 2021: COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, August 26, 2021 /EINPresswire.com/ — According to the new market research report ‘Satellite & Telecommunication Resellers Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the satellite & telecommunication resellers market is expected to grow from $2.74 trillion in 2020 to $2.83 trillion 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 $3.71 trillion in 2025 at a CAGR of 7%. Governments around the world are increasingly investing in developing smart cities. 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.
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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.
Trends 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 Wi-Fi 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.
Global Satellite & Telecommunication Resellers Market Segments:
The global satellite & telecommunication resellers market is further segmented based on type, end-use and geography.
By Type: Telecommunication Resellers, Satellite Telecommunications, Other Satellite & Telecommunication Resellers
By End-Use: Residential, Commercial
Subsegments Covered: Wireless Telecommunication Resellers, Wired Telecommunication Resellers
By Geography: The global satellite & telecommunication resellers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Western Europe satellite & telecommunication resellers market accounts for the largest share in the global satellite & telecommunication resellers market.
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Satellite & Telecommunication Resellers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides satellite & telecommunication resellers global market overviews, analyzes and forecasts market size and growth for the global satellite & telecommunication resellers global market, satellite & telecommunication resellers market share, satellite & telecommunication resellers market players, satellite & telecommunication resellers market segments and geographies, satellite & telecommunication resellers market’s leading competitors’ revenues, profiles and market shares. The satellite & telecommunication resellers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Satellite & Telecommunication Resellers Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Satellite & Telecommunication Resellers Market Organizations Covered: AT&T, América Móvil (TracFone), Virgin Mobile, T-Mobile (MetroPCS), Ultra Mobile.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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