New Standards Adoption Sets Pace for $22.1B Big Data Market Revenues Through 2030 Cambridge, MA – November 29th, 2021 –NSR’s newly released Big Data Analytics via Satellite, 5th Edition (BDvS5) report sees EO and M2M/IoT Satcom Big Data applications driving Big Data market revenues to over $22.1B through next decade. As value chain evolution ramps up opportunity across the Big Data Market, nascent markets rapidly adapting to new standards propel Big Data adoption across multiple regions. Primarily driven by Earth Observation based Geospatial Analytics solutions, satellite Big Data Analytics annual revenue opportunity will reach $3.7B by 2030. “In the wake.
NSR’s newly released Big Data Analytics via Satellite, 5th Edition (BDvS5) report sees EO and M2M/IoT Satcom Big Data applications driving Big Data market revenues to over $22.1B through next decade. As value chain evolution ramps up opportunity across the Big Data Market, nascent markets rapidly adapting to new standards propel Big Data adoption across.
Delving further into [their] report, NSR explained that the cloud is a key driver of a new wave of space and satellite innovation. “Cloud will be a critical component that ensures satellite players remain competitive,” NSR added. “Cloud is a means to ensure data delivery in big data applications – this is true from satcom.
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.
The global satellite big data industry has come a long way during the latest wave in the emerging space industry. More than 180 EO companies have been founded over the last 20 years, with a majority of them being downstream software and platform providers. Close to $700 million has been invested in this analytics segment.
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