Satellite Big Data Analytics Growth Remains Driven by EO and M2M/IoT Use Cases
Cambridge, MA – 24 November 2020 – NSR’s Big Data Analytics via Satellite, 4th Edition report, published today, finds continued growth for downstream Big Data applications through the next decade. NSR sees this growth driven by applications built on Earth Observation and M2M/IoT satcom data across multiple market verticals. Despite market downturns in specific verticals and the COVID-19 pandemic, Big Data analytics via satellite will generate close to $20.7 billion in cumulative revenues by 2029.
Northern Sky Research (NSR), in its latest study, says that the adoption of 5G will be transformational for many aspects of the Satcom ecosystem: from stimulating demand in many segments, seamlessly integrating Satcoms in the mainstream Telco ecosystem or becoming a tool for optimising Satellite Network design and operations.
M2M and IoT over satellite have mainly been implemented in cargo and transport applications, as well as in energy markets. However, one application (agriculture) is expected to buck the existing trend and achieve outsized returns…how can operators capture this growth, and excel in this increasingly competitive market?
Previous ‘Gs’ of mobile communications were very narrow, primarily focusing on consumers and operating independently from the rest of communications technologies. But the vision of 5G is much wider unlocking uncountable enterprise-oriented use cases and offering a framework for integrating all other communications technologies.
In this sense, 5G will be transformational in many aspects of the Satcom ecosystem: from stimulating demand in many segments, seamlessly integrating Satcom in the mainstream Telco ecosystem or becoming a tool for optimizing Satellite Network design and operations.