Satellite Internet Market Share

On the basis of geographical analysis, the global satellite internet market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is anticipated to account for largest revenue share by 2036, led by rising demand for internet access across the region, along with increasing adoption of advanced technologies. The population in the developed countries, such as, the US, and Canada is extensively tech-savvy, and highly dependent on online services. This surges the demand for high-speed internet, which, in turn, is estimated to boost the market growth. Moreover, government expenditure in the IT sector is increasing constantly, which is further anticipated to boost the regional market growth. The government IT expenditure in the U.S. crossed USD 86 billion in 2019, which is projected to cross USD 92 billion by the end of 2021.