In a recent published report, Kenneth Research has updated the market report for Maritime Satellite Communication Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Maritime Satellite Communication Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Maritime Satellite Communication Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Maritime Satellite Communication Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
Kenneth Research has published a detailed report on Maritime Satellite Communication Market which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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The Global Deep Packet Inspection and Processing market is segmented on the basis of geography into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America is further segmented into U.S., Canada and Mexico. Europe is segmented into Germany, UK, France and Rest of Europe. Asia Pacific comprises China, Japan, India and Rest of Asia Pacific. Latin America has been further segmented into Brazil. The RoW comprises Middle East and Africa.
The market was dominated by North America in 2017, with countries such as the U.S. and Canada dominating the market in this region.
FIGURE 14 GLOBAL DEEP PACKET INSPECTION AND PROCESSING MARKET, BY GEOGRAPHY, 2016 – 2025 (USD MILLION)
As seen in the above figure, North America dominated the Global Deep Packet Inspection and Processing market in 2017. The U.S. accounted for the majority of the market in this region in 2017, which is expected to continue over the forecast period.
Asia Pacific, which is dominated by China, accounted for 29.8% of the global market in 2017. Europe, which is considered to be a matured market, is projected to witness relatively slower growth from 2018 to 2025.
TABLE 2 GLOBAL DEEP PACKET INSPECTION AND PROCESSING MARKET, BY GEOGRAPHY, 2016 – 2025 (USD MILLION)
Region 2016 2017 2018 2025 CAGR%
North America 2,687.1 3,225.8 3,877.2 14,411.1 20.6%
Europe 1,653.6 1,937.9 2,272.5 6,953.2 17.3%
Asia Pacific 1,998.1 2,463.8 3,040.0 13,364.4 23.6%
Latin America 344.5 409.9 488.4 1,700.9 19.5%
Middle East & Africa 206.7 244.3 289.0 953.3 18.6%
TOTAL 6,890.0 8,281.8 9,967.1 37,383.0 20.8%
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The deep packet inspection and processing market in North America was valued at USD 3,225.8 Million in 2017. This region is projected to grow at a CAGR of 20.6% from 2018 to 2025 to reach USD 14,411.1 Million by the end of the forecast period. The market in the Asia Pacific region is projected to grow at the highest CAGR of 23.6% from 2018 to 2025.
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