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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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Maritime Satellite Communication Market – Global Forecast to 2025

Open Radio Access Network Market – Global Forecast to 2030

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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FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

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SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

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SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

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SOURCE BlueFolder

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