Company’s innovative Connectivity as a Service (CaaS) program is fast-growing choice of global maritime fleets
MIDDLETOWN, RI – September 6, 2018 – Increased demand for the AgilePlansTM subscription-based Connectivity as a Service (CaaS) program from KVH Industries, Inc., (Nasdaq: KVHI) has been the driving force behind the company’s unprecedented growth in VSAT unit deployments during the first six months of 2018, a timeframe when the maritime industry has been increasing its drive toward digitalization.
KVH recently reported that it successfully shipped almost as many VSAT systems in the first six months of 2018 as it shipped in all of 2017. Further, KVH VSAT unit shipments from April to June were up 100% compared to the same timeframe last year and shipments are at an all-time record by far compared to any quarter in KVH’s 10-year history in the maritime VSAT business.
Throughout the maritime industry, commercial fleets are transitioning to digitalization to increase operational efficiency and allow for integrated IoT solutions. Vessel operators can leverage faster connectivity to take advantage of real-time data transfers to improve decision making for fuel optimization, route planning, and safety. Providing Internet access to seafarers for crew welfare and onboard training is also important in attracting and retaining today’s more digitally sophisticated crew.