Cloud services ranging from IaaS and edge computing to virtualization and SaaS applications are not new to the IT industry; they have been well-known for years and are traditional concepts in most sectors. Not so in the satellite sector though, where a surge in the adoption of cloud-based technologies is underway.
New NSR Report, Land Mobile via Satellite, 8th Edition (LMvS8), finds Connected Car to Become $1 Billion Market in 2029, as Revenues Shift from Narrowband Communications
According to NSR’s Aeronautical Satcom Markets, 8th Edition report, 43% of the total number of IFC offering airlines cumulating to 31% of all aircraft now use an Airline-directed business model.
High Altitude Balloons Are Primary Revenue Driver, with Telcos Taking Greater Interest in HAPs Cambridge, MA – NSR’s High Altitude Platforms, 4th Edition report, published today, forecasts approx. $4B in cumulative HAPs revenues over the next decade, for airships, balloons, and pseudo-satellite platforms. High altitude balloons are expected to be the primary driver of units and revenues, followed far behind by pseudo-satellites and airships. Telcos are.
The satcom industry is going through turbulent times. A wave of high-level bankruptcies, layoffs, cost-cutting measures and investment deferrals have rattled the industry. COVID obviously places significant pressure in an already challenged ecosystem, hitting key areas of Satcom growth like Mobility. But putting aside the panic around COVID for a moment, it is clear the business fundamentals for Satcom remain very solid. The actors that play their cards well will be able to capture double-digit growth once we reach the “new normal”.