Muruganandham [states]: “Surprisingly, the Earth observation industry was found to trail behind in terms of raw data traffic downlinked to cloud servers, while the downstream geospatial analytics segment shows strong signs of growth.”
“The transformation brought about by the adoption of Cloud Computing and Big Data Analytics is only beginning to impact the satellite sector,” said Shivaprakash Muruganandham, NSR Analyst and report author.
While there is no doubt that COVID-19 has impacted the Maritime market, the “COVID-dip” is significantly less pronounced for Maritime than Aeronautical SATCOM markets.
$11 Billion in Cloud-Based Revenue over Next Decade, with Satcom Markets Leading the Way Cambridge, MA – 27 May 2020 – NSR’s Cloud Computing via Satellite report, released today, projects 52 Exabytes of Traffic by 2029, with players in the satellite and space industry contributing cumulative revenue of $16 B from 2019-2029. The market is.
Regulatory changes, especially relating to outer space policy, come with its set of challenges. So, while it seems slow in this day and age, it is not surprising that it took 15 years to update the orbital debris regulations, which makes it a giant leap.