Global Satellite and Telecommunication Resellers Market to Reach $449.1 Billion by 2030
The global market for Satellite and Telecommunication Resellers estimated at US$345.5 Billion in the year 2023, is expected to reach US$449.1 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030. Satellite Telecommunication Companies, one of the segments analyzed in the report, is expected to record a 3.5% CAGR and reach US$249 Billion by the end of the analysis period. Growth in the Telecommunication Resellers segment is estimated at 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $103.9 Billion, While China is Forecast to Grow at 3.7% CAGR
The Satellite and Telecommunication Resellers market in the U.S. is estimated at US$103.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$80 Billion by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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