South-East Asia SatCom Internet Market to Reach US$2.1 Billion in Service Revenues and 1.8 Million Subscriptions by 2028
LONDON, Oct. 4, 2023 /PRNewswire/ -- "Connecting the Unconnected" strives to narrow the digital divide by providing internet access to populations lacking reliable or affordable connectivity. This initiative is crucial in South-East Asia (SE Asia), where countries grapple with diverse economic, geographical, and infrastructural challenges. Satellite internet emerges as an innovative solution, making significant progress. Global technology intelligence firm ABI Research projects Satellite Communications (SatCom) subscriptions in the region to potentially exceed 1.8 million, generating over US$2.1 billion in service revenue by 2028. These promising figures underscore the growing recognition of satellite internet's value in addressing connectivity challenges across SE Asia.
- This initiative is crucial in South-East Asia (SE Asia), where countries grapple with diverse economic, geographical, and infrastructural challenges.
- Global technology intelligence firm ABI Research projects Satellite Communications (SatCom) subscriptions in the region to potentially exceed 1.8 million, generating over US$2.1 billion in service revenue by 2028.
- Xu also points out, "Several satellite internet providers have been actively working to expand internet access in Southeast Asia, particularly in remote and underserved areas.
- He points to a projected Compound Annual Growth Rate (CAGR) of 20% from 2023 to 2028 in subscription numbers for the SatCom Internet market.