Increased demand for communications, high-speed internet, and global connectivity is expected to fuel the growth of the satcom equipment market for space across the globe. Research and Markets said its recent findings show that by end-user, the commercial segment is estimated to grow at the highest CAGR during the forecast period.  The satcom equipment market for space is projected to grow from US$ 2.8 billion in 2019 to US$ 7.0 billion by 2025, at a CAGR of 16.8% from 2019 to 2025. 

Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF), a provider of remote communication and IT solutions, is implementing board renewal process and management changes. Russell Reynolds was appointed by the board of Speedcast in July 2019 to undertake a formal global search process for additional non-executive directors as part of Speedcast's board renewal process.