Asia-Pacific - Market Trends
The SATCOM On-The-Move Market size was estimated at USD 22.43 billion in 2022, USD 25.30 billion in 2023, and is expected to grow at a CAGR of 15.22% to reach USD 69.72 billion by 2030.
Parks Associates today announced new research at CES® 2024, from its quarterly consumer research of 8,000 US internet households, finding the average number of connected devices per US internet household reached 17 in Q3 2023.
Euroconsult, a global strategy consulting and market intelligence firm specialized in the space sector and satellite-enabled verticals, has launched its latest white paper, "Beyond the Stars: The Middle East’s Space Ecosystem on the Move." This in-depth analysis reveals the astounding growth potential of the Middle East's space sector, projecting a monumental surge to US$ 75 billion by 2032, reshaping the global space narrative.
A New Space Ecosystem Emerges
Parks Associates’ latest update of the firm’s Streaming Video Tracker reveals that just 5% of US internet households have only a pay-TV service, indicating legacy pay-TV companies continue to lose subscribers to streaming video services. However, the average annualized industry churn rate for streaming services is 50%, meaning many streaming services are also struggling to keep their customers.