M2M/IoT Remains Key Growth Market for Satellite Companies
New NSR Report Projects 5.3 Million Units and $2.3 Billion in 2024 for Satellite M2M/IoT
Cambridge, MA – October 19, 2015 –NSR’s Machine-to-Machine (M2M) and Internet of Things (IoT) via Satellite, 6th Edition, released tomorrow, finds the satellite M2M/IoT market reaching $1.2B in 2014, with the market expected to expand to over $2.3B by 2024. The report finds lucrative opportunities arising from Shipping, Agriculture, Gov/Mil, and other key verticals across a number of regions and frequency bands, with Land Transport the largest industry revenue driver.
NSR’s latest study focuses on all industries pertaining to M2M & IoT, with the research finding an increased utilization of M2M for everything from asset monitoring to process optimization, and for the first time, M2M/IoT6 gives the reader a detailed breakdown of Land Transport, Maritime and Aeronautical units and revenues.
The Internet of Things (IoT) continues to penetrate every aspect of our daily lives, and while much of this market is served terrestrially, the sheer number of in-service units and the geographic isolation of many trans-oceanic shipping routes and rural regions indicates a solid market for satellite to address. “While terrestrial options become more competitively priced than ever before, Satellite M2M usage remains strong and growing overall at 6.9% CAGR for active terminals”, said Alan Crisp, NSR Analyst and report author. “However, low-cost terrestrial alternatives are entering the market and targeting units with ARPUs as low as $1 per month. Fortunately for satellite operators, there is very little overlap with satellite for this low cost market,” added Crisp.
Overall, M2M/IoT via satellite has significant room for growth, and with the plethora of options available to serve this demand, there are likely to be a large number of niche markets. Lower data rate M2M requirements are more likely to remain on MSS, but there a small number of in-service units will require more throughput and are thus more appropriate for FSS Ku-band or GEO/Non GEO-HTS, for example. Ultimately, the $2.3B market for M2M & IoT via satellite offers opportunities and pitfalls, all of which are discussed in detail in this industry standard NSR report, with data on 11 verticals in 9 regions across 5 types of capacity, paving the way for success in satellite M2M/IoT decision making.
About the Report
This industry reference for the upcoming ‘Connected World’, NSR’s M2M and IoT via Satellite, 6th Edition is a go-to guide for navigating the future of M2M/IoT via satellite. Locating shifting revenues, changing end-user requirements, and globalization of M2M solutions, M2M/IoT6 provides operators, integrators, and service providers, amongst others, the knowledge and intelligence needed to develop products to where the market is heading by 2024. The report displays current and future requirements, by region, vertical and frequency band, and for the first time, readers can see the differing trends between Maritime, Aeronautical and Land Transportation applications. Chapters are organized by 11 distinct verticals, and includes assessments on the consumer based Internet of Things (IoT) via satellite. This report enables M2M and IoT service providers and satellite operators to protect and expand their market position in both existing and new segments that offer long-term revenue potential.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.