LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global enterprise VSAT market report. This research report also lists 17 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global enterprise VSAT market is a competitive market with the presence of numerous global and regional players. In addition, as a result of the limited resources, including the number of satellites and transponder capacity, most of the VSAT providers are witnessing intense competition. The intense competition among vendors has resulted in enterprise VSAT equipment prices falling by almost one-tenth in the past 4-5 years.
The market comprises of several VSAT services, equipment providers, and platform providers. Some of the major vendors present in the market are Gilat Satellite Networks, Hughes Satellite Systems, ViaSat, VT iDirect, and SageNet. “A large number of vendors are adopting merger and acquisition strategies to enhance their network coverage and reach. For instance, Spacenet was acquired by SageNet in 2013,” says Rakesh Kumar Panda, a lead analyst at Technavio for M2M and connected devices.
Top five companies for enterprise VSAT
Gilat Satellite Networks
Gilat Satellite Networks was incorporated in 1987 and is headquartered in Petah Tikva, Israel. The company provides broadband satellite communications, networking solutions, and related services. The company produces, designs, and markets VSATs, solid-state power amplifiers, BUCs, low-profile antennas, and on-the-move and on-the-pause terminals.
As of December 31, 2014, the company recorded revenue of USD 235.13 million and invested USD 25.16 million in R&D. Some of the subsidiaries include Gilat Satellite Networks, Gilat to Home Peru, Gilat Satellite Networks MDC, and Raysat Bulgaria.
Hughes Satellite Systems
Hughes Satellite Systems was founded in 2004 and is headquartered in Germantown, Maryland, US. The company offers broadband satellite network services and systems to enterprises and consumer markets throughout the world. The company operates as a subsidiary of EchoStar Corporation.
Awards:
In September 2013, the Hughes Satellite Systems received the Service Provider of the Year for 2013 award at the VSAT 2013 Conference industry awards competition, held in Amsterdam. The award recognizes achievement, innovation, vision, and technical contributions to the VSAT industry.
In May 2013, the company announced that its subsidiary Hughes Communications India, received the best VSAT operator in India award at the Telecom Operator Awards ceremony held in April 2010 in New Delhi, India. The award recognizes its service and support in the telecom sector, which was hosted by Tele.net magazine.
SageNet
SageNet was founded in 1998 and is headquartered at Tulsa, Oklahoma, US. The company provides managed network solutions for businesses.
Key hihglights:
- September 1, 2015: Acquires the cybersecurity division of IT consulting and staffing firm Turnberry Solutions. The acquisition provides SageNet customers with cybersecurity solutions and access to a seasoned team of cybersecurity experts
- November 6, 2014: Announces that global satellite operator SES has signed a new capacity agreement with SageNet/Spacenet to help the energy companies connect their mission-critical operations across the region
- October 22, 2014: Announces that it has been honored with 2014 Samsung Smart Signage Award in the Installation of the Year category for the food and beverage industry
ViaSat
ViaSat, which is known for its satellite and digital communication products, was established in 1986 and is headquartered in California, US. The company offers satellite, wireless communications, and networking systems to government and commercial customers.
Key partnerships:
- April 24, 2014: Receives USD 283 million in damages in patent infringement and breach of contract lawsuit against Space Systems/Loral
- March 10, 2014: Enters into an agreement with Light Squared, a developer of 4G LTE wireless broadband communications
- February 24, 2014: Partners with Samsung KNOX, for advanced secure mobile enterprise services
VT iDirect
VT iDirect was founded in 1994 and is headquartered in Herndon, US. The company operates as a subsidiary of VT Systems. It is an IP-based satellite communications technology provider.
On November 5, 2013, the company announced that ITC Global (a provider of satellite communications) launched the world’s first satellite communications service for the oil and gas and mining markets by using its New iDirect X7 Modem. This enables the company to enhance its relationship with the top companies and increase its business opportunities.
Browse Related Reports:
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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