Global Markets - Market Trends
Amid the COVID-19 crisis, the global market for Maritime Satellite Communications estimated at US$ 2.8 Billion in the year 2020, is projected to reach a revised size of US$ 4.6 Billion by 2027, growing at a CAGR of 7.7% over the period 2020-2027 according to a new study by Research and Markets.
Like every technology field, cybersecurity is filled with buzzwords. They have vital meaning to practitioners – but they can also be a barrier to understanding for managers who have to make decisions about cybersecurity based on their knowledge of finance, sales or satellite communications.
New Parks Associates consumer research finds 62% of US broadband households subscribe to a traditional pay-TV service via a cable or satellite provider, down from 69% in Q1 2019, even as the average amount of video watched per week has spiked to more than 37 hours per household.
The Asia Video Industry Association (AVIA) held its first country focused seminar of the year with a deep dive into the media and video industry of Thailand and the pursuit of growth in the market across both traditional and online platforms.
Thailand’s media industry is undergoing seismic transformation driven by technological and commercial change. With the first commercial 5G networks becoming available to consumers as early as next year, there is no doubt the market will see continued acceleration in the consumption of content across multiple devices and platforms.
COVID-19 has drastically changed the landscape for businesses across all industries, forcing immediate changes – but ones that will have long-term consequences.
The Global Satellite Services market is forecasted to reach US$ 162.75 billion by 2026 growing at a CAGR of 3.2% during 2019 to 2026 according to a report entitled " Global Satellite Services Market Analysis 2020" by Research and Markets.
USIM has produced a white paper directly fo cusing on the changing consumer viewer habits caused by the COVID-19 pandemic. The study reveals that the pandemic has accelerated adoption and usage of app-based TV viewing since consumers have discovered the free content available on their smart TVs and continue to watch those free ad-supported channels.
The COVID-19 pandemic accelerated the adoption of existing digital trends in China, such as increased over-the-top (“OTT”) video viewing, active social media and e-commerce engagement, and high interest in 5G technologies, according to the latest survey conducted by Kagan, a media research group within S&P Global Market Intelligence.
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