
Reach New Heights: Why CSPs Need a Satellite Strategy

It’s time to venture into space. With coverage and revenue streams plateauing, communication service providers (CSPs) are broadening their horizons—literally as well as figuratively—to explore the satellite telecommunications market.
Government regulators establish mobile coverage requirements for CSPs to provide widespread coverage. And although global coverage continues to improve, a sizeable chunk of the world's population still doesn’t have access to fast (3G/4G) mobile broadband. In fact, according to the Global System for Mobile Communications (GSMA), “satellite is the only realistic means of reaching the 7% of the world outside of mobile network coverage.”
Expanding into satellite networks is a promising growth opportunity. According to Analysys Mason, "telcos that rely exclusively on terrestrial networks will miss revenue opportunities and fall behind their rivals." NSR (an Analysys Mason company) predicts that satellite solutions will account for 40% of the growth in telco enterprise connectivity revenue between now and 2027.
Now is the time for CSPs to develop a satellite strategy—one that will help them succeed and differentiate in a market projected to be worth $146B in 2032 .
Satellite Networks: An Out-of-This-World Connectivity Solution
Satellite networks, a type of non-terrestrial network (NTN), use Geostationary Equatorial Orbit (GEO), Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellites to function as relays, extending the coverage and capacity of terrestrial networks. By using a mix of LEO, MEO and GEO satellites, satellite providers can:
Serve high-throughput and low-latency connectivity.
Reach remote areas.
Provide backup/redundancy to terrestrial networks.
Support 5G networks, private 5G and Internet of Things (IoT) tracking.
Beyond the Bulky Brick: The Satellite Revolution
Forget the bulky satellite phones of the past. Satellite technology has undergone a dramatic transformation, opening new doors for CSPs and users. Recent advancements, like LEO constellations (e.g., Starlink) and software-defined satellites, have unleashed a wave of improvements:
