The
latest edition of the COMSYS Maritime VSAT Report asserted that
iDirect has secured leadership of the maritime VSAT market. The Company's lead remote terminals comprise nearly half of the maritime market and the installation rate for its VSAT systems is also more than
twice that of their rivals.
COMSYS
further reported that iDirect’s satellite communications platform
is used by 14 of the largest 20 maritime service providers. These
companies also happen to be the leaders in cruise, oil and gas, and
almost all other major market segments.
The
report covered recent developments in the maritime VSAT services
market. It ranked iDirect as the foremost leader amongst ground
infrastructure providers. The Company has formed partnerships with
several significant satellite operators, and is becoming the go-to
platform for high-throughput services such as high-speed Internet on satellite.
COMSYS
also noted that iDirect is challenging SCPC for leadership of the
market for bandwidth intense applications. IDirect is offering its
new X7 remote, which greatly boosts the capabilities of its Evolution
system to support higher data rates.
In
addition, COMSYS reported that increasing demand for additional
bandwidth has caused market revenue for maritime VSAT to grow by 9
percent during 2010 and 2011. The total revenue is approaching $1
billion, and the market is expected to experience further vigorous
growth over the next few years. The number of marine vessels in
service is also expected to double by 2016, and more than 26,000 VSAT
systems will be serving aboard that expanded fleet.
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