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Satellite Communication Market worth $33.2 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 27, 2024 /PRNewswire/ — The Satellite Communication Market is expected to reach USD 33.2 billion by 2029 from USD 16.9 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 14.5 % from 2024–2029, according to a new report by MarketsandMarkets™. Increased expenditure of emerging economies and rapid development of communications equipment and technology have led to the growth of the global Satellite Communication Market.

Browse in-depth TOC on “Satellite Communication Market”

200 – Tables
50 – Figures
300 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

By type (telecommunication services, broadcasting services, data communication services), by application (critical communications, navigation, IoT, DTH, satellite broadband, other applications) by end-user (consumer, enterprise), by enterprise (telecom, media & entertainment, maritime, government & defense, energy & utilities, aviation, transportation & logistics, other enterprises)

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Companies covered

SES S.A. (Luxembourg), Starlink (US), Globalstar Inc. (US), Hughes Networks Systems (US), Intelsat (US), Viasat Inc. (US), Telesat (Canada), Amazon (US), Eutelsat (France), Iridium communications (US), Singtel (Singapore), Gilat Satellite Networks (Israel), Speedcast (US), Lynk (US), Anuvu (US), Avanti (UK), Arabsat (Saudi Arabia), Yahsat (UAE), Kepler Communications (Canada), and Navarino (Greece)

Other factors, such as the growing need for broadband connectivity, expanding coverage of cellular networks, rising demand for IoT connectivity, and increasing government investments in SATCOM infrastructure, also drive the market. Satellite communication services play a critical role in providing reliable and high-speed broadband services, particularly in rural and remote areas where terrestrial infrastructure may be limited. This demand is driven by the need to bridge the digital and ensure connectivity for underserved communities. The expansion of 5G networks is contributing to the growth of the Satellite Communication Market.

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Based on end-user type, the consumer segment to hold the largest market size during the forecast period.

The rising demand for mobile broadband drives the consumer Satellite Communication Market. Consumers demand fast and reliable internet, even more so in the remote, underdeveloped regions — that are beyond easy reach of traditional land-based networks. Satellite communication can now be of use to bridge this gap. From New York to rural Pennsylvania or isolated islands, they deliver the hard-to-access places where people need connectivity most. This is true because an increasing number of people are using the internet, and need something reliable to connect.

The aviation segment is expected to have a higher growth rate during the forecast period.

Passengers now expect to be able to be contacted, entertain themselves, and even work mid-air, while the crews have improved and become more effective means of communication and working. Thus, satellites are important to meet these expectations, providing high-speed and continuous communication on board, even on long-haul and transoceanic flights. Apart from the passenger facilities, lines use satellite communication in operational aspects. Fast information sharing, such as weather conditions in real-time data, locating a flight, and shipping predictive maintenance signals, helps the airline choose the most appropriate routes, raise passenger safety, and minimize flight time lost because of a breakdown of equipment. This has the added advantage of improving the capacity to manage flights; hence, it has the benefits of cost optimization and better utilization of resources for the airlines.

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Middle East & Africa is expected to hold a higher growth rate during the forecast period.

The Satellite Communication Market in Africa and the Middle East constantly changes due to different developments and strategic initiatives. For instance, in September 2022, the Communications Regulatory Authority of Qatar issued an Individual License to Starlink Satellite Qatar W.L.L. This license permits Starlink to operate in the LEO constellation of SpaceX to provide high-speed broadband through satellites and increase the connectivity of people and businesses. The country’s satellite services are backed by a well-developed infrastructure, including 5G and fiber optic connections, which snake throughout the country. Oman’s emphasis on extending rural connectivity through satellite partnerships underlines a more significant regional focus toward better communication infrastructure. In South Africa, satellite communications are also evolving through agreements like the one signed by Al Yah Satellite Communications Company with the Department of Communications and Digital Technologies. This agreement increases the capacity of several services, particularly in broadband and IoT satellites, and explores new investment opportunities. Furthermore, companies like Paratus South Africa have signed another agreement with Eutelsat OneWeb to provide high-speed, low-latency Internet to underserved areas. All this is evidence of the efforts that show the general trend within the two developing regions—that of satellite communication to solve improved economic development challenges in enhanced connectivity.

Top Companies in Satellite Communication Market:

The major vendors covered in the Satellite Communication Market are SES S.A. (Luxembourg), Starlink (US), Globalstar Inc (US), Hughes Networks Systems (US), Intelsat (US), Viasat Inc, (US), Telesat (Canada), Amazon (US), Eutelsat (France), Iridium communications (US), Singtel (Singapore), Gilat Satellite Networks (Israel), Speedcast (US), Lynk (US), Anuvu (US), Avanti (UK), Arabsat (Saudi Arabia), Yahsat (UAE), Kepler Communications (Canada), Navarino (Greece). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Satellite Communication Market.

Browse Adjacent Markets: Satellite Communication Market Research Reports & Consulting

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A2P Messaging Market – Global Forecast to 2029

Get access to the latest updates on Satellite Communication Companies and Satellite Communication Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Zifo Transforms Ontology Engineering with AI-Powered Intelligent Automation

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Advanced AI solution speeds up ontology creation by 80%, generating structured, interoperable knowledge models for science-driven organizations.

CAMBRIDGE, Mass. and CAMBRIDGE, England, April 30, 2026 /PRNewswire/ — Zifo, the leading global enabler of AI and data-driven enterprise informatics for science-driven organizations, has developed an Intelligent Automation solution for Ontology Engineering, which is designed to seamlessly generate structured, interoperable knowledge models while accelerating ontology creation by 80%.

Overcoming the Bottlenecks of Manual Ontology Creation

Manual ontology creation in the biopharma industry has traditionally been a time-consuming process that requires specialized expertise. Organizations frequently struggle with semantic ambiguity, complex integration challenges, and limited scalability, resulting in workflows that can take weeks to complete. Zifo’s AI-powered automation tackles these challenges head-on by eliminating 80% of the manual work through automated class generation, description creation, and precise IRI mapping.

Addressing the Complexities of Semantic Knowledge

Developing comprehensive knowledge models often demands deep domain expertise to define relationships and align terminology. Zifo’s intelligent solution overcomes this by providing an AI-guided workflow featuring an intuitive interface, meaning specialized ontology engineering knowledge is no longer required. By leveraging LLM-powered generation, the solution creates precise definitions with a deep understanding of domain-specific context, while generating standardized synonyms and establishing controlled vocabulary alignment to eliminate inconsistent terminology.

A Solution Designed for Scalable Scientific Data Modeling

The AI-powered solution addresses critical format compatibility and integration points in ontology management:

Seamless Integration: Automated mapping connects directly to established ontologies, including NCIT, CHEBI, OBI, and EFO, via BioPortal and OLS APIs.Massive Scalability: Parallel processing and batch operations empower teams to execute large-scale ontology projects without performance limitations.Automated Hierarchies: The AI autonomously generates semantic relationships and parent-child hierarchies based on domain context and predefined relation vocabularies.Format Compatibility: The solution produces direct OWL/RDF exports with proper URIs, ensuring seamless downstream integration.

Unique Features include:

Multi-Source Integration: The solution combines BioPortal, OLS, and EMBL-EBI APIs to guarantee comprehensive ontology coverage.Intelligent Ranking System: The system uses AI-powered relevance scoring and justification for precise ontology mappings.Precise IRI Mapping: It ensures that each generated class is linked to the correct IRI, directly promoting semantic web compatibility.Human-in-the-Loop Design: The solution automates repetitive tasks while maintaining vital expert oversight.End-to-End Workflow: Users are guided through a complete pipeline, from initial domain knowledge input straight to exportable OWL files.Visual Knowledge Graph: An interactive graph visualization allows for intuitive relationship exploration and validation.Multi-Format Exports: Provides seamless export options in CSV, OWL, or HTML Ontograph formats for downstream use, collaboration, and visualization.

Strategic Value Across the Scientific Chain

This solution breaks down the traditional barriers of data structuring. Built on a robust backend of Python, LangChain, and leading LLM models, alongside a frontend framework using Next.js 15 and Cytoscape.js for graph visualization, the solution is highly adaptable. Furthermore, future optimization enhancements will include provisions for uploading user-defined classes or semi-ready ontologies.

About Zifo

Zifo is the leading global enabler of AI and data-driven enterprise informatics for science-driven organizations. With expertise spanning research, development, manufacturing, and clinical domains, Zifo serves a diverse range of industries including Pharma, Biotech, Chemicals, Food and Beverage, and more. Trusted by over 190 organizations worldwide, Zifo is the partner of choice for advancing digital scientific innovation.

For more information, visit www.zifornd.comhttps://zifornd.com/practical-ai-blueprints/

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SOURCE Zifo Technologies

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UNC-Chapel Hill establishes ‘Carolina in the Capital’ with new Washington, D.C. office

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CHAPEL HILL, N.C., April 30, 2026 /PRNewswire/ — The University of North Carolina at Chapel Hill has opened a new office in Washington, D.C., establishing an expanded presence for the University in the nation’s capital and creating exciting opportunities for students, faculty, staff and alumni.

Located at 101 Constitution Avenue NW, the 10,861-square-foot space – coined “Carolina in the Capital” – will support a variety of functions, including educational programming for undergraduate and graduate students, alumni relations and engagement with government partners.

As a leading R1 university, UNC-Chapel Hill annually attracts more than $1.6 billion to the state’s economy to fund research that creates a better quality of life for all its citizens. More than 60% of UNC-Chapel Hill’s total research funding comes from federal sponsors with the majority of that federal funding coming from the National Institutes of Health (NIH), which is based in the Washington area.

“Carolina in the Capital is a state-of-the-art facility that reflects our commitment to creating experiential learning opportunities for our students and faculty,” said Chancellor Lee H. Roberts. “The space is designed as an immersive learning environment where students can translate classroom knowledge into hands-on experience, which has never been more important. The facility also strengthens our ability to support engagement between our staff, alumni, policymakers and partners.”

Supporting students participating in Carolina’s Washington-based academic programs is a priority. For years, students and faculty have relied on temporary or borrowed spaces across the city. The new office provides a permanent home where students can gather, learn and build community while living and studying in Washington. A robust schedule of classes and events will fill the space throughout the year.

The Washington, D.C. region is home to the largest concentration of out-of-state Carolina alumni anywhere in the country. The new office creates a dedicated space to strengthen those connections and support networking, mentorship, professional development and community-building among D.C.-based Tar Heels.

The space will also serve as a platform to bring Carolina’s research and academic expertise into closer conversation with policymakers, industry leaders and member organizations. Carolina is the nation’s 11th largest university in the country based on research volume with primary federal funding coming from NIH and the National Science Foundation (NSF), both based in the D.C. area. Carolina is a proud member of the Association of American Universities (AAU) and the Association of Public & Land Grant Universities (APLU), which are both based in Washington.

The office is funded entirely through the UNC-Chapel Hill Foundation and does not use any state appropriations.

You can view additional photos of the space here.

Media Contact: UNC Media Relations, 919-445-8555, mediarelations@unc.edu

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SOURCE University of North Carolina at Chapel Hill Office of Communications

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Investing.com Acquires Stonki to Accelerate Its Entry into the Agentic AI Era

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The acquisition strengthens Investing.com’s AI capabilities, advancing a next-generation research assistant that can analyze markets, generate insights, and guide investors in real time

NEW YORK, April 30, 2026 /PRNewswire/ — Investing.com, one of the world’s largest financial platforms used by more than 60 million investors each month, today announced the acquisition of Stonki, an AI-powered investing assistant designed to help traders turn ideas into structured, actionable trading plans.

The move marks a major step in the company’s evolution toward agentic AI, strengthening its ability to deliver faster, deeper, and more actionable market insights to a growing base of more than 300,000 paying subscribers across its InvestingPro suite, the company’s premium subscription offering for advanced market data, tools, and AI-driven insights.

Over the past 12 months, nearly 3 million users have used WarrenAI, Investing.com’s AI-powered financial research assistant launched last year, to perform market analysis, making AI a central entry point into the platform’s ecosystem. With the addition of Stonki, the company is moving beyond traditional AI tools toward agentic systems that can proactively guide users through the investment process.

“We’re entering the age of agentic AI, where the technology moves beyond just answering questions to actively helping investors think, analyze, and act,” said Omer Shvili, CEO of Investing.com. “Bringing Stonki.ai into the fold accelerates our goal of building an agentic platform that will serve as a 24/7 analyst for our users. We are developing this to be more than just a tool; it will be a partner that identifies opportunities, tracks unfolding situations, and surfaces trade ideas even when the user isn’t active—giving our users the kind of edge that was previously only available to professional investors.”

Founded in 2025, Stonki is developing a new category of ‘agentic’ AI for investing, enabling users to turn investment ideas into fully defined strategies with entry and exit conditions, risk management rules, and continuous monitoring.

“We started Stonki because, as investors and traders ourselves, we knew how much time and focus it takes to stay on top of the market and properly manage a day trade, a swing trade, an investment idea, or a portfolio,” said Ulas Bilgenoglu and Itay Verkh, co-founders of Stonki. “We set out to build AI that could carry part of that load by continuously monitoring the market, turning ideas into structured strategies, and helping users make better decisions with clear entry and exit conditions, disciplined risk management, and ongoing tracking. Joining Investing.com gives us the scale, data, reach, and strong AI foundation to accelerate that vision. Together, we can create an experience where AI helps users stay ahead of the market, manage risk, and act with greater confidence.”

The acquisition expands Investing.com’s AI capabilities across both technical and fundamental investing workflows. Stonki’s technology is built around persistent, real-time intelligence, continuously monitoring markets, tracking user-defined strategies, and alerting investors when conditions align, rather than relying on one-off prompts or static analysis.

For active traders, the platform is evolving into a real-time analysis engine designed to support high-frequency decision-making with precision and speed. For long-term investors, it is becoming a central hub for research, enabling users to evaluate opportunities, set personalized alerts, and monitor portfolios based on their individual investment strategies.

Users will be able to define specific conditions, such as a stock crossing a long-term moving average, and have the AI continuously monitor the market, analyze relevant signals, and surface actionable insights in real time. The system will also review portfolios on an ongoing basis, helping investors avoid potential losses and uncover new opportunities aligned with their strategy.

This latest step builds on Investing.com’s broader strategy of expanding its AI-powered suite, including WarrenAI, ProPicks AI, and its recently launched AI Chart Analysis, all aimed at delivering faster, more accurate and more actionable insights to investors.

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SOURCE Investing.com

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