Mobile Satellite Services (MSS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024
Albany, NY -- (SBWIRE) -- 07/19/2016 -- Rapid proliferation of the Internet of Things (IoT), integrated with mobile satellite services for reliable and secure exchange of data at high speed, provides attractive opportunities to the global mobile satellite services (MSS) market. A report by Transparency Market Research, titled "Mobile Satellite Services (MSS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024," compiles exhaustive information relating to various factors influencing the market's expansion worldwide.
The report presents a granular analysis of the growth exhibited by the global MSS market until 2015. Based on information obtained from trusted industrial sources, the report projects the market's growth trajectory between 2016 and 2024.
Mobile satellite services are scalable and secure telecommunication services delivered to users through satellite. These services help in establishing communication between portable terminals and devices. Portable terminals could be handheld, such as smartphones, or phones mounted on vehicles. Mobile satellite services support the extension of wireless transmission of data beyond terrestrial-based wireless systems. These services use S-band and L-band frequencies of radio spectrum for enabling communication between terminals and mobile earth stations.
Recently, mobile satellite services have gained much prominence in response to the increasing demand for transmission of safety messages during disasters or in war zones, sports venues, and during communication breakdowns. The MSS technology has emerged as a potent solution resorted to at times of emergency communication.
It is possible to establish instant communication anywhere using MSS without worrying about interruptions. This is a prime factor aiding the rapid proliferation of mobile satellite services worldwide. Despite inherent advantages of MSS, the lower allocated bandwidth for transmitting messages and poor quality due to inadequate signal conditions are hampering the market's growth prospects. Restrictions imposed on using satellites by governments also have an adverse impact on the global mobile satellite services market. Moreover, operators are required to obtain government approval for providing services in the domestic market. This could be a lengthy process capable of threatening the growth of the global MSS market.
Nevertheless, the flourishing IoT landscape provides significant opportunities for the MSS market. Furthermore, the International Telecommunication Union's (ITU) radiocommunication sector has recently identified additional bands for allocation of MSS to combat bandwidth problems. This will provide significant opportunities to the market in the near future.
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The report has segmented the global mobile satellite services market based on region, environment type, and service type. To examine the most lucrative prospects for vendors, the global MSS market has been segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa, regionally. Among these regions Europe and North America have emerged as the largest markets for MSS. The growth in these regions is contributed by the large-scale adoption of the service in these regions for facilitating satellite communication and transmission of data and voice. Being at the fore of technological advancements has also helped North America and Europe to emerge dominant in the global MSS market.
To study the prevailing vendor landscape, the report also profiles companies such as Inmarsat Government, Globalstar USA, LLC, New York Mobile Satellite, LLC., and others. Industry-leading analytical tools have been used to present insights into the strengths and weaknesses of these companies. The companies are profiled based on their recent strategies, product portfolio, and financial overview.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.