The enterprise satellite broadband industry is mature yet experiencing significant growth and innovation. Factors driving these changes include increasing global demand for fast and reliable connectivity, growing need for the digitalization of remote services and operations, relevant advancements in satellite technology, and the proliferation of satellite constellations.
With about 100 companies offering communication satellites as of 2022, this industry is increasingly dynamic, fueled by fast technological advancements and by new entrants such as Starlink, which has rapidly expanded to more than 5,000 low Earth orbit (LEO) satellites in 2023, targeting both the consumer and enterprise segments. As demand for ubiquitous connectivity continues to increase, driven by globalization and expanding mobility, it will become foundational as businesses embrace digital transformation in local and remote operations. Undoubtedly, significant satellite expansion will occur in the next years, estimated to surpass 27,000 units beginning 2024.
The Frost Radar™ focuses on satellite operators and satellite service providers. These are companies that own and operate satellites and offer fixed satellite services (FSS) and mobile satellite services (MSS) for mobile stations with users on the move or where no terrestrial networks are available. In addition, companies usually offer broadband among other services to enterprises, and also to service providers through satellite capacity and backhaul to enable broadband service for business end users. This Radar concerns only broadband services for enterprises (end users). This typically includes connectivity for verticals such as mobility (aviation, maritime) and government. Frost & Sullivan has analyzed the most important innovation and growth factors to rank the leading 7 companies in both areas, highlighting competitors such as Intelsat, Viasat, Hughes, SES, and Eutelsat, Telesat and Starlink.
Increasing competition is accelerated by quick innovation and by new entrants challenging incumbents with fast broadband at more affordable prices; therefore, satellite operators are advised to speed up deployments around network virtualization to increase efficiencies and service flexibilities. Concurrently, new satellite technologies such as very high throughput satellites (VHTS), optical-laser inter-satellite links, advanced AI processing, and beamforming technologies, as well as multi-orbit networks, are improving satellite broadband performance and increasingly attracting businesses that require fast connectivity for streamlined operations. Services that support hybrid connectivity (satellite, cellular, terrestrial) and value-added services, such as security, will become more relevant and enable not only expanded coverage but optimized bandwidth to satisfy businesses’ increasing requirements.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Enterprise Satellite Broadband Services 2024
- Enterprise Satellite Broadband Services
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Claudia Hochman |
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Satellite Internet For Business |
| Keyword 2 | Satellite Broadband Services Market |
| Keyword 3 | Security Considerations In Satellite Communication |
| Podcast | No |
| WIP Number | K9A2-01-00-00-00 |
Frost Radar™: Enterprise Satellite Broadband Services, 2024
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
22-Apr-2024
Global
Frost Radar