Analytics and other data products from satellite imagery are projected to be a $2.2 billion annual business by the end of the decade, according to NSR’s Big Data Analytics Via Satellite annual report published in November 2020. According to NSR, the services sector — which includes insurance, banking and other financial services, along with commodity.
Satellite Big Data analytics will reach close to a $3.1 billion revenue opportunity by 2028, with 56% from EO applications & the rest, driven by M2M/IoT satcom applications.
The terrestrial telecom industry is fast shifting towards 5G networks, with Software Defined Networks (SDN) and Network Functions Virtualization (NFV) forming key parts of major strategic efforts. This is seen in multiple market movements where organizations such as Verizon, AT&T and Ericsson have begun to shift towards adopting SDN/NFV approaches to manage increasingly complex networks..
An epithet for the real estate industry, this might as well describe the satellite big data (SBD) market. With the drive for digitization spanning multiple verticals, the need for satellite-based analytics solutions will only increase in the coming years. That said, such solutions find greatest potential in applications where the spatial component of data is.
In today’s world, businesses are built on how quickly they can turn data into their next competitive advantage. From leveraging space-based Earth Observation data to predicting retail sales to predictive engine analytics from embedded sensor data to combining advanced imaging and position location data to reduce fertilizer usage in precision agriculture – there is no.